Graphite Launches AI Extract: Revolutionizing Supplier Onboarding

Graphite, a leader in supplier management & onboarding, today announced the launch of AI Extract, a groundbreaking platform improvement designed to automate the extraction, summarization, and auto-population of supplier questionnaires. 

Leveraging advanced artificial intelligence, AI Extract transforms how procurement and compliance teams handle supplier documentation, dramatically reducing manual effort and improving accuracy.

Organizations frequently require extensive supplier data for compliance, risk assessment, and procurement processes. However, gathering and inputting this information—often sourced from files such as SOC reports, contracts, certificates of insurance, W-9s, and other key supplier documents—has traditionally been a tedious, error-prone process. AI Extract eliminates this challenge by automatically extracting relevant data, summarizing critical information, and pre-filling supplier questionnaires with unparalleled speed and precision.

“AI Extract represents a major leap forward in supplier management automation,” said Conrad Smith, CEO at Graphite. “By leveraging AI, we are enabling procurement and compliance teams to focus on higher-value tasks while ensuring data integrity and consistency across supplier engagements.”

Key features of AI Extract include:

• Automated Data Extraction – AI-powered recognition and retrieval of key supplier data from commonly used documents. Example: Extracting contract end dates and payment terms from contracts.
• Intelligent Summarization – AI-generated summaries of critical supplier information for faster decision-making, Example: Noting key exceptions in SOC reports.
• Auto-Population of Questionnaires – Seamless integration with supplier forms to reduce manual data entry and minimize errors. 
• Enhanced Compliance & Risk Management – Ensures accurate and up-to-date supplier information, improving regulatory adherence and risk mitigation.

The real power of AI Extract comes from its integration with Graphite’s industry-leading workflow automations. Based on the data extracted from supplier documents, procurement teams can trigger and assign more in-depth risk reviews, begin contract renegotiations, create remediation plans and monitor supplier performance.

For more information on AI Extract and how it can transform your supplier management processes, visit graphiteconnect.com.

About Graphite
Graphite is a leading provider of AI-powered supplier management solutions, helping organizations optimize procurement, compliance, and risk management. Through automation and intelligent workflows, Graphite empowers businesses to drive efficiency, ensure compliance, and strengthen supplier relationships.

Media Contact:
Kali Geldis, VP of Marketing

kali@graphiteconnect.com