Graphite Connect

Graphite Connect leverages AI to automate supplier data validation and risk assessments, enhancing procurement efficiency and decision-making.

Pricing: Starting from $25,000 per year Deployment: Cloud (SaaS)

Use Cases & Applications

• Supplier Onboarding: Accelerate the onboarding process by allowing suppliers to manage their own profiles.
• Risk Management: Conduct automated risk assessments and monitor supplier compliance.
• Data Validation: Ensure accurate supplier information through ongoing data validations.
• Performance Monitoring: Evaluate supplier performance with customizable scorecards.
• Compliance Management: Manage compliance documents and certifications in a centralized repository.

Key Features

• Supplier Network: Suppliers maintain a single profile to share with multiple buyers.
• Automated Risk Assessments: Conduct assessments and rescreens with ease.
• Data Validations: Ongoing validations to ensure accurate and up-to-date supplier information.
• Performance Scorecards: Customizable scorecards for consistent supplier evaluations.
• Compliance Management: Centralized storage for compliance documents and certifications.

Tech Highlights

• API Integrations: Seamless integration with leading ERPs and procurement systems.
• Cloud-Based Platform: Accessible from anywhere with a secure, scalable infrastructure.
• AI-Driven Data Validation: Utilizes AI to validate and verify supplier information.
• User-Friendly Interface: Intuitive design for both buyers and suppliers.
• Multi-Language Support: Supports multiple languages for global operations.

Who’s Using It?

Graphite Connect is utilized by Fortune 100 companies and enterprises across various industries seeking to streamline supplier management and reduce onboarding time.

Pros & Watchouts

Pros:

• Efficiency: Reduces supplier onboarding time by up to 85%.
• Accuracy: Ensures up-to-date supplier information through supplier-managed profiles.
• Risk Mitigation: Automated risk assessments help identify and manage potential issues.

Watchouts:

• Cost: Starting at $25,000 per year, it may be a significant investment for smaller organizations.
• Integration Requirements: May require integration with existing ERP systems, necessitating IT resources.
• Supplier Adoption: Success depends on supplier willingness to adopt and maintain their profiles.

Best For / Not Ideal For

Best For:

• Mid-size to large enterprises seeking to streamline supplier management.
• Organizations aiming to reduce supplier onboarding time and improve data accuracy.
• Companies requiring robust risk assessment and compliance management tools.

Not Ideal For:

• Small businesses with limited procurement activities.
• Organizations without the resources to integrate and manage a comprehensive supplier management platform.

Alternatives

• SAP Ariba: Comprehensive procurement solution with supplier management capabilities.
• Coupa: Cloud-based spend management platform offering supplier management features.
• Jaggaer: Source-to-pay