AUTOMATED DATA VALIDATIONS
Manage & monitor your entire supplier base with data you can trust.
The Graphite Question Library takes the best practices from Fortune 100 companies and 30+ years of procurement experience to build a supplier questionnaire that helps you evaluate and monitor supplier risk.
Relevant topics include:
InfoSec
Modern Slavery
Privacy
ESG
THE POWER OF AI
AI-driven data validations spot inconsistencies that could slow you down.
Keep your supplier management humming and your team focused on the tasks that matter instead of manual verifications and document review.
Graphite’s AI identifies:
- W-8 and W-9 issues that could slow payment
- Business name and DBAs that don’t match
- Bad actors who could be attempting to divert payments
RISK SCORING
Measure the risks that matter most to your business.
Use Graphite’s best-practice risk scorecard or customize to fit your organization’s unique risk concerns. View suppliers by overall risk score and dig into the details to conduct ongoing risk evaluations and request new documentation when needed.
REMEDIATION PLANS
Turn risk reviews into action.
Leveraging Graphite to keep vendors and suppliers on track and meeting your business goals with Action Plans. With unlimited users, you can freely engage the right cross-functional business stakeholders in HR, IT, Compliance, Legal and InfoSec to ensure suppliers meet your regulatory and compliance standards or ESG requirements.
- Set targets for under-performing vendors.
- Collect new SOC2, ESG or other documents for compliance.
- Engage legal and compliance teams to monitor progress.
VENDOR OFFBOARDING
Ensure low-performing or non-compliant vendors are offboarded properly.
If remediation plans are unable to successfully fix vendor and supplier issues, ensuring that your team can offboard and work across the organization to unwind the relationship is essential. Graphite can help you manage the offboarding process and ensure no detail is missed.
Perfect Your Third-Party Risk Management Approach Today
Get expert insights on the four stages of building and honing your TPRM strategy, with actionable tips on how to build meaningful risk scoring and a risk register that suits your business.