Graphite Connect Approves Proprietary Supplier Management Patent
Lehi, UT – Graphite Connect, the leading provider of cloud-based supplier management solutions, announced the approval of a patent for its unique, network-based solution for supplier onboarding and buyer/supplier relationship management. The Graphite Network improves supplier management by accelerating new supplier onboarding by up to 70%, improving supplier data integrity, strengthening supplier relationships, and much more.
This new patent represents a major milestone for Graphite Connect and solidifies the company’s position as an emerging leader in the field of supplier management. The proprietary method revolutionizes the way businesses manage supplier information by providing a secure, network platform for storing, sharing, and analyzing supplier data in real-time. Through robust integrations, validated supplier data in Graphite updates critical business systems (ERP and P2P systems) to ensure deduplicated, accurate, and actionable supplier data.
“We are thrilled to receive approval of this patent,” said Conrad Smith, CEO of Graphite Connect. “It is a testament to our commitment to innovation and to providing our customers with the best possible solutions for managing their supplier information. This new patent raises the bar and sets the new standard for the procurement tech industry in delivering exceptional value to our customers.”
The approval of this patent is just the latest in a series of innovative solutions from Graphite Connect. The company has a proven track record of providing cutting-edge solutions to businesses of all sizes and is dedicated to helping organizations optimize their supplier management processes.
For more information about Graphite Connect and its new patent, please contact us at [email protected].
About Graphite Connect
Graphite Connect is a leading supplier management platform that helps global enterprises and mid-sized businesses streamline the procurement process from onboarding to risk management. A central network provides a single, secure location to manage data, tasks, and teams. Both suppliers and buyers gain immediate and secure access to the information they need in one place. Critical supplier commercial data like TIN checking, OFAC, and W-9 forms are automatically validated within Graphite to speed up onboarding and mitigate third-party risk.