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Stop Chasing Your Tail: A Guide to Streamlining Supplier Onboarding
By
Tyler Toyn
This webinar, presented by Graphite Connect, addresses the significant issues facing supplier onboarding today. 43% of companies feel their current supplier onboarding technology is inadequate. The time it takes to onboard a supplier has more than doubled in the last 30 years due to increased regulation, compliance requirements, and complex internal processes. The webinar will cover five key areas of supplier onboarding and provide a scorecard for assessing your company’s performance against industry peers.
Key Discussion Points
1. The Onboarding Problem
- Supplier onboarding is a major pain point, with up to 30% of supplier records containing significant errors, which can lead to delays and compliance risks.
- Managing supplier data has become the number one time-drain for procurement teams.
- In 2024, 63% of businesses reported being targeted for vendor and wire transfer fraud.
2. The Five Core Assessment Vectors
The webinar will analyze supplier onboarding across five key vectors:
- Cycle Time
- Supplier Experience
- Data Quality
- Internal Stakeholder Experience
- Onboarding Security