Name: graphiteConnect
Author: Graphite Systems

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### Vendor Onboarding
Users generally praise graphiteConnect's efficient vendor onboarding process. They appreciate the transparency and ease of onboarding vendors, as well as the ability to track the progress and dependencies in real-time. The platform's intuitive interface and workflow automation streamline the onboarding process, making it hassle-free for both internal teams and vendor representatives. Additionally, the secure and flexible nature of graphiteConnect's onboarding capabilities align well with the diverse needs of businesses. The step-by-step approach to gathering vendor information is also highlighted as a positive aspect by users.

### Supplier Management
Users appreciate the user-friendly interface of GraphiteConnect, which simplifies the process of checking vendor status and assessing risk levels. The network feature also adds value by allowing suppliers connected with other customers to have their risk information readily available. This ease of use and interconnectedness contribute to a positive user experience when managing suppliers through GraphiteConnect.

### Vendor Validation and Vetting
Users consistently praise graphiteConnect for its meticulous vendor validation and vetting processes, highlighting the ease of onboarding vendors and the thorough checks conducted to ensure accuracy and compliance. The platform's ability to prevent fraud in banking validations and vetting all partners appropriately has garnered positive feedback. Additionally, users appreciate the transparency and auditability of the vendor onboarding process facilitated by graphiteConnect, emphasizing the platform's effectiveness in providing a holistic view of vendors' overall risk to a company.

### Risk Assessment
Users generally praise graphiteConnect's risk assessment capabilities. The platform's ability to provide a comprehensive view of vendor risk and streamline the onboarding process has been well-received. While some users acknowledge the benefits of the network effect in sharing risk and commercial data, others express a desire for a larger network to maximize its value. Additionally, users appreciate the continuous enhancements and automation features that graphiteConnect offers to improve risk assessment efficiency and governance capabilities. The platform's focus on supplier tax and bank validations, as well as compliance checks, adds to its appeal in ensuring accurate and reliable vendor information.

### Security and Compliance
Users appreciate graphiteConnect's ability to streamline supplier onboarding processes while ensuring compliance with security and regulatory requirements. The platform's integration with ERP systems minimizes data entry errors and enhances data privacy measures. Additionally, users find confidence in the platform's comprehensive approach to managing security surveys and maintaining supplier tax information. The consensus among reviewers is that graphiteConnect excels in providing a secure and compliant environment for vendor interactions.

Graphite Connect is a supplier management platform designed to streamline and automate procurement processes. It is built for procurement teams of all sizes, from small businesses to large enterprises. Professionals in procurement, supply chain management, vendor management, purchasing, and operations across various industries such as Food & Beverage, Gas Stations & Convenience Stores, Higher Education, Media & Entertainment, and Tech can benefit from using Graphite Connect.

## Key Features

**Supplier Onboarding**: According to the vendor, Graphite Connect helps accelerate the supplier onboarding process by collecting critical supplier data, such as tax and banking information. The platform automates data validation to ensure accuracy and prevent fraud.

**Supplier Data Management**: Graphite Connect allows users to centralize and manage supplier data in one platform. The vendor claims that the system automates data validations to ensure accuracy and currency. It also offers integration with ERP and other critical systems for seamless data synchronization. Users can track and manage supplier documentation and contracts.

**Risk & Due Diligence**: The vendor states that Graphite Connect automates risk scoring based on predefined criteria. The platform validates critical supplier data, such as tax ID and banking information, and conducts regular sanctions checks to ensure compliance. Users can trigger risk reviews and receive alerts for suppliers with high-risk scores.

**Supplier Relationship Management**: With Graphite Connect, users can manage supplier performance and track contract milestones. The platform facilitates coordination of corrective action plans for underperforming suppliers. It also offers in-app messaging to streamline communication with suppliers and enables collaboration with internal stakeholders on supplier-related tasks.

**RFP Response**: According to the vendor, Graphite Connect allows users to leverage pre-validated supplier data to respond to RFPs efficiently. Users can access supplier profiles to gather relevant information for proposals and collaborate with team members on RFP responses through the platform. The system aims to increase speed and accuracy in the RFP response process.

**Intake & How to Buy**: Graphite Connect guides stakeholders through the buying journey with self-service flows. The platform promotes preferred suppliers and consolidates vendors. It aims to increase spend under management by centralizing purchasing requests and simplifying the purchasing process with a centralized portal.

**Knowledge Base**: Graphite Connect provides a repository of information and resources for procurement teams. Users can stay updated on best practices, industry trends, and procurement insights. The platform offers case studies and success stories of other organizations, as well as answers to frequently asked questions and troubleshooting guides.

**Blog**: The vendor claims that Graphite Connect keeps users informed about the latest news and updates in procurement. Users can read articles on various procurement topics and strategies, gaining insights from industry experts and thought leaders. The blog also provides tips and tricks for optimizing procurement processes.

**Resources**: Graphite Connect offers a variety of resources, including whitepapers, e-books, and guides. Users can download templates and checklists for procurement activities. The platform provides access to webinars and videos on procurement-related topics and offers links to external resources and references for further reading.

**Integrations**: According to the vendor, Graphite Connect allows users to connect with ERP and P2P tools for seamless data integration. The platform can also integrate with third-party data providers to enhance supplier information. Users can sync vendor master tables with supplier profiles to eliminate duplicates and centralize supplier data and third-party data into critical systems.

Easy-to-use Workflow and Error Logs: Many users have found the workflow and error logs in graphiteConnect to be amazing and easy to understand. They appreciate being able to see where the process is stuck and identify any dependencies, making it easier for them to efficiently manage their tasks.

Seamless Onboarding Process for Vendors: graphiteConnect provides a seamless and transparent onboarding process for vendors according to reviewers. The step-by-step flow for filling out information has been praised, as well as how easy it is to onboard new vendors without constant communication. This feature has greatly simplified the onboarding experience for many users.

Flexibility in Meeting Business Needs: Users appreciate the flexibility of graphiteConnect in meeting their specific business needs. The tool is intuitive and allows them to create profiles for vendors already in the platform, making the onboarding process even easier. This adaptability has been highly valued by multiple reviewers who have diverse requirements for their vendor management processes.

Lengthy Form Fields: Some users have found the form fields in graphiteConnect to be time-consuming and lengthy, requiring significant effort to fill out on each step. 

Lack of Integrations: Reviewers have mentioned that graphiteConnect lacks built-in integrations and connections with other tools, which can be inconvenient for users who rely on seamless data transfer between systems.

Difficult Navigation: The front page of graphiteConnect has been described as busy by some users, making it challenging for them to locate specific pages such as the invoice submission page.

Customers of graphiteConnect have found the software to be instrumental in streamlining their vendor management processes. With the ability to easily onboard vendors and integrate them with Netsuite, users have successfully brought vendors of different types within their organizations on board. The software eliminates the need for manual follow-ups with vendors, as all communication can be done within the platform. Customers have also used graphiteConnect for internal communication with team members, as well as communication with vendor representatives.

In addition to facilitating efficient vendor onboarding, graphiteConnect provides valuable features for invoice management and risk monitoring. Users appreciate the clear view of invoice approval status, which helps streamline the submission process. The software also ensures that business owners are kept informed about vendors due for risk rescreening, allowing for effective risk management. With the capability to integrate third-party solution providers, customers can continuously monitor risk from their third-party vendor base and implement live monitoring of critical and strategic vendors' financial health.

Furthermore, graphiteConnect addresses supplier risk management needs by assisting with security reviews, privacy reviews, and supplier tax compliance. The software runs various checks on suppliers, including OFAC Debarred lists, ensuring compliance with regulations. By providing a fully transparent and auditable vendor onboard process, graphiteConnect offers a holistic view of vendors' overall risk to a company. Additionally, it aids in meeting SOX compliance requirements by eliminating the need for manual review processes.

Overall, graphiteConnect has proven to be a valuable tool for businesses looking to enhance their vendor management processes. By providing seamless onboarding, streamlined communication, efficient invoice management, and robust risk monitoring capabilities, the software has become an essential asset for users seeking to optimize their operations and ensure compliance within their supplier relationships.

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ProcurementExpress.com

Periscope Source (formerly BidSync) is a suite of e-procurement software now owned and supported by Periscope Holdings in Austin, Texas since the December 2014 acquisition.

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What is graphiteConnect?