Avetta and Graphite Connect: Remove Procurement Pain Points

Avetta, a leading provider of supply chain risk management (SCRM) software, and Graphite Connect, which calls itself the patented supplier management network, have announced a strategic partnership to help solve procurement pain points.

Addressing the garbage-in, garbage-out challenge

Graphite solves the fundamental "garbage-in, garbage-out" challenge that plagues enterprise procurement. Unlike traditional supplier management that depends on static portals and email exchanges.

Graphite operates through a centralised supplier network. When suppliers update their information within Graphite, the system validates it against external sources – including tax databases, banking records and sanctions lists – then automatically syncs the verified data to the customer's system.

The collaboration will give global enterprise a unified solution which will help to solve the trade-off between fast onboarding and robust supplier risk management, and claims to remove that compromise via an integrated solution.

Seamless integration across platforms

This integrated solution combines Graphite Connect's fast onboarding and reliable supplier data with Avetta's comprehensive, ongoing supplier verification and risk management.

It automatically syncs essential risk information across core systems – SAP, Oracle, NetSuite and other ERP platforms – establishing one unified workflow. The outcome is quicker supplier enrolment and a supply chain where every participant maintains continuous verification, compliance and operational readiness.

Jon Bovit, Vice President of Ecosystem and Partners at Graphite Connect, says: "Global enterprises can no longer afford to choose between speed and security.

"Our platform delivers instant identity verification and fraud prevention, ensuring that a supplier's foundational financial data is pristine and secure from day one. By integrating with Avetta's robust prequalification and risk management, we can serve as the connective data layer, guaranteeing that once a supplier is verified, their profile information and compliance status are automatically synchronised across joint client systems."

This unified data approach elevates the supplier lifecycle into a fully integrated, strategic process connecting onboarding, compliance and risk intelligence into a single, consistent experience across systems.

Scott Spencer, Senior Vice President of Strategic Sales and Alliances at Avetta, adds: "This partnership is a game-changer because we're advancing three of the most critical elements of the supplier lifecycle: onboarding, risk management and data unification.

"Together, Graphite Connect and Avetta are giving our joint customers the best of both worlds – unprecedented speed to value and comprehensive, always-on risk intelligence that is automatically integrated across their core systems."

Fast, secure and comprehensive risk intelligence

This combined solution delivers significant operational advantages for procurement, finance and risk teams across all industries:

Streamlined onboarding through coordinated workflows: Graphite Connect's patented network and automation tools handle the initial vendor data collection and identity verification, while Avetta's thorough supplier prequalification and risk management ensure safety and compliance standards are satisfied. This integration allows mutual customers to accelerate processes while maintaining rigorous standards.

Strengthened fraud prevention and data security: Graphite Connect uses two-factor authentication, ID verification and dual-authorisation protocols to block banking fraud and protect critical financial information. Combined with Avetta's continuous monitoring and risk oversight, this partnership creates a more secure supplier lifecycle from initial onboarding through ongoing collaboration.

Unified ERP integration and data consolidation: Mutual customers benefit from automatic synchronisation of Avetta's real-time compliance scores and supplier statuses alongside Graphite Connect's vendor data and identity verification – all flowing directly into clients' ERP and procure-to-pay systems. This creates a complete, unified view across all supplier categories.