Graphite Connect
UnclaimedStreamline supplier management with a patented network approach for global procurement teams.
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TL;DR - Graphite Connect
- Patented network approach creates 'Golden Records' for accurate supplier data.
- Automates vendor onboarding, risk assessment, and ongoing supplier monitoring.
- Integrates with existing procurement systems like SAP Ariba to enhance functionality.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Significantly reduces supplier onboarding time (e.g., from 3 months to under 10 days).
- Enhances data accuracy and reliability through AI validations and ongoing monitoring.
- Improves compliance and reduces risk with automated checks and centralized data.
- Integrates seamlessly with existing P2P and ERP systems like SAP Ariba without requiring a rip-and-replace.
- User-friendly interface for both procurement teams and suppliers, leading to high adoption rates.
Cons
- Specific pricing details are not publicly available, requiring a demo request.
- Requires integration with existing systems, which may involve some initial setup.
Key Features
Streamlined Vendor Onboarding (85% faster)New Supplier JustificationBank & Tax ValidationIdentity VerificationAI Validations for Supplier DataAutomated Risk AssessmentsOngoing Scanning for Data Inconsistencies & FraudInternational Sanctions Compliance Monitoring
Pricing
Paid
Graphite Connect offers paid plans. Visit their website for current pricing details.
About Graphite Connect
By Toolradar Team·
Graphite Connect is a comprehensive supplier management platform designed to eliminate the chaos of bad supplier data and bring efficiency and visibility to global procurement teams. It utilizes a patented network approach to create "Golden Records" of supplier information, ensuring data accuracy and reducing manual tasks.
The platform offers streamlined vendor onboarding, significantly reducing the time required to bring new suppliers into the system. It also provides robust supplier information management through AI validations and automated risk assessments, continuously scanning for data inconsistencies, potential fraud, international sanctions compliance, and payment problems. For ongoing operational excellence, Graphite Connect includes supplier relationship management tools to monitor performance, create action plans, and manage non-responsive suppliers. Additionally, it centralizes third-party risk management with a library of over 6,000 industry-standard questions for assessments and re-screens. Graphite Connect is built for integration, working seamlessly with existing tech stacks like SAP Ariba, and focuses on a user-friendly experience for both procurement teams and suppliers to drive high adoption and ensure clean, current data.
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Graphite Connect FAQ
How does Graphite Connect's patented network approach create 'Golden Records' for supplier data?
Graphite Connect's patented network approach involves suppliers maintaining their own profiles, tax forms, insurance, and certifications in a secure, centralized location. This real-time, supplier-managed data is then continuously validated by Graphite's AI and automated risk assessments, ensuring that the information is always current, accurate, and consistent across the network, forming a 'Golden Record' for each supplier.
What specific benefits does Graphite Connect offer to organizations already using SAP Ariba's Supplier Lifecycle and Performance module?
For SAP Ariba users, Graphite Connect acts as a powerful enhancement, addressing common limitations of Ariba's native supplier management. It provides real-time, supplier-managed data that automatically updates and integrates with SAP, eliminating the need for manual data chasing. Graphite also offers more robust automated risk scoring, ongoing sanctions checks, and expiration alerts, ensuring audit-ready compliance and a superior user experience for both procurement teams and suppliers, without requiring a rip-and-replace of the existing SAP system.
Beyond initial onboarding, how does Graphite Connect proactively manage ongoing supplier risk and performance?
Graphite Connect proactively manages ongoing supplier risk and performance through continuous AI validations and automated risk assessments. It scans suppliers for data inconsistencies, potential fraud, international sanctions compliance, and payment problems on an ongoing basis. Additionally, it allows procurement teams to set specific performance criteria, identify high-risk suppliers, create action plans, and manage non-responsive vendors through mass reminders and internal approval tracking.
Can Graphite Connect help identify and resolve internal approval bottlenecks during the procurement process?
Yes, Graphite Connect is designed to identify approval bottlenecks easily within the procurement workflow. It provides tools to track the status of approvals and allows for task assignments and reminders, helping to unblock stalled processes and ensure that internal approvals are obtained efficiently, contributing to faster supplier onboarding and management.
What kind of data validation does Graphite Connect perform to ensure supplier information is clean and reliable?
Graphite Connect performs extensive data validation using AI and automated processes. This includes validating key data points such as legal names, tax IDs, bank information, and identity verification. It also continuously scans for data inconsistencies, potential fraud, and compliance with international sanctions, ensuring that the supplier information is accurate, reliable, and audit-ready, saving finance and master data teams significant time on deduplication and cleanup.
Source: graphiteconnect.com