Case Study: DigiCert strengthens vendor payment security and procurement control with Graphite Connect

DigiCert reduces vendor onboarding time by 81% with Graphite Connect

DigiCert, a global authority in digital security, faced significant risk in its decentralized and manual procurement process. This lack of control created a major vulnerability to fraudulent vendor bank account changes, especially during the 2023 Silicon Valley Bank collapse. To address this challenge, DigiCert partnered with vendor Graphite Connect for its supplier management platform.

By implementing Graphite Connect, DigiCert centralized its vendor records and introduced mandatory validation for all supplier bank details. The solution provided robust controls and was rapidly adopted by teams. The results included 100% confidence in urgent vendor bank changes, an 81% reduction in vendor onboarding time, and the prevention of a potential multi-million dollar fraud attempt, providing DigiCert with unparalleled financial control and risk management.

DigiCert