Case Study: a financial services company saves 25 work weeks annually with Graphite Connect

Financial services company saves 25 work weeks annually by automating supplier reviews

A financial services company faced a significant challenge in manually managing and onboarding hundreds of suppliers. This process was time-consuming, relied on disconnected systems, and created compliance risks due to the difficulty of tracking due diligence and important contract dates. To address this, the company partnered with Graphite Connect to automate and streamline its supplier management.

Graphite Connect implemented a centralized supplier management platform that automated the onboarding and review processes, saving the information security team two hours per supplier review. This resulted in an estimated savings of 1,000 hours of work annually. The solution also provided seamless integration with the company's new ERP system, eliminated manual data entry, standardized onboarding procedures, and improved visibility and reporting for better strategic decision-making.