What Graphite Systems does

Graphite Systems, Inc. (operating as Graphite Connect) is a Lehi, Utah-based B2B SaaS company, founded in 2018, that operates a supplier management and procurement platform built on a patented network architecture (U.S. Patent 11,562,442). Suppliers create and maintain one shareable, continuously validated profile that is reused across every connected buyer enterprise, while Graphite's multi-layered Security Waterfall performs automated bank validation (covering 97% of global banks), identity verification, and ongoing risk screening for fraud, sanctions, and payment anomalies. The platform is organized into eight core modules — AI-Driven Procurement, Patented Supplier Network, Supplier Onboarding, Supplier Information Management, Supplier Relationship Management, Third-Party Risk Management, Orchestration & Intake, and Universal Integrations — and connects to 50+ ERP systems including NetSuite, Oracle, SAP Ariba, SAP S/4HANA, and Workday. In 2025, the company disclosed $250 billion in customer payments facilitated, 5,467 potential vendor fraud attempts identified, and an 85% reduction in onboarding time versus industry benchmarks; it added the Diamond Guarantee, a $250,000 anti-fraud payment guarantee, in March 2026.

Graphite sells primarily through an enterprise field-sales motion targeting Fortune 500 procurement, finance, IT, and compliance buyers, with a freemium self-serve channel on the supplier side that drives two-sided network effects. Revenue is generated via annual enterprise SaaS subscriptions with custom quote-based pricing, supplemented by non-recurring professional services for API and integration work. The company reports 35+ named enterprise customers across manufacturing, retail, tech, media, telecom, pharma, and other verticals — including Spotify, Michelin, Ericsson, Paramount, Anheuser-Busch, Schindler, MongoDB, Linde, Air Liquide, and Canon USA — and holds ISO 27001, SOC 1 Type I, SOC 2 Type II, and PCI DSS certifications. The company's strategic positioning combines network effects, validated supplier data, and deep ERP interoperability to compete in the supplier information management and third-party risk management categories, with industry recognition including Gartner Cool Vendor, Spend Matters Future 5, and G2 High Performer awards.

Name

Graphite Systems

Legal name

Graphite Systems, Inc.

Website

https://graphiteconnect.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Graphite Systems operates Graphite Connect, a B2B SaaS platform that uses a patented supplier network and AI-driven validation to streamline enterprise supplier onboarding, supplier information management, and third-party risk for Fortune 500 procurement, finance, and compliance teams.

Ownership category

akta.pro rank

Product category

Supplier Management / Procurement Software

akta.pro primary industry

B2B/EDI & Partner Integration (BPAMAOAJ)

akta.pro secondary industry

B2B Marketplaces & Wholesale Platforms (BPAMAGAD)

Keywords

• Supplier management software
• Procurement technology platform
• Third-party risk management
• Vendor onboarding solutions
• ERP-integrated procurement

Headquarters

HQ city

Lehi

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Enterprise SaaS Subscription: Subscription-based SaaS model for enterprise buyers. Customers subscribe to the Graphite Connect platform with subscription terms specified in Service Orders. Pricing based on scope/configuration with enterprise sales motion.
2. Supplier Network (Free): Free supplier network side creates network effect and drives buyer adoption. Suppliers get free profiles; revenue generated from enterprise buyers who pay for platform access and supplier data network.
3. Professional Services: Non-recurring consulting and advice concerning API integration and similar engineering services as specified in Service Orders. Additional terms may apply.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Graphite Connect is a B2B supplier management platform built on a patented network architecture that lets suppliers create one shareable, continuously validated profile usable by multiple enterprise buyers. Enterprise customers subscribe to access AI-driven supplier onboarding, validation, third-party risk management, ongoing monitoring, anti-fraud payment protection (Diamond Guarantee up to $250,000), and 50+ ERP integrations including NetSuite, Oracle, SAP, and Workday.

Product overview

Graphite Connect is a supplier management platform built on patented Network architecture. The platform operates as a unified system comprising multiple integrated modules: AI-Driven Procurement for automated supplier validation and risk assessment, Patented Supplier Network for supplier-managed profiles with automatic validation, Supplier Onboarding for fast connection creation, Supplier Information Management for vetted vendor data, Supplier Relationship Management for lifecycle collaboration, Third-Party Risk Management for risk oversight, Orchestration & Intake for procurement workflow guidance, and Universal Integrations connecting to 50+ ERP systems including NetSuite, Oracle, SAP, and Workday. The platform enables suppliers to create one shareable profile containing validated commercial data, serving as a single source of truth for vendor data across procurement teams.

Differentiator

Problem solved

Functional benefit

Products and services

• AI-Driven Procurement AI-driven procurement module that streamlines supplier onboarding, validation, and ongoing management with automated risk assessments, anomaly detection, sanctions screening, and payment-problem monitoring for enterprise procurement teams.
• Orchestration & Intake Customizable procurement orchestration tool that guides stakeholders to the right team with configurable logic connecting to existing IT, Legal, Compliance, and other tools for enterprise procurement organizations.
• Patented Supplier Network Patented (U.S. Patent 11562442) network architecture in which suppliers manage their own data and Graphite automatically validates it, creating a single shareable profile containing validated commercial data and documents usable across all connected buyers.
• Supplier Information Management Provides validated, verified, and continually vetted vendor data through AI validations and automated risk assessments that surface risky suppliers and data gaps for enterprise procurement and finance teams.
• Supplier Onboarding Enables creation of new supplier connections in minutes using best-practice questionnaires from industry leaders, with claimed 85% faster onboarding for enterprise procurement teams.
• Supplier Relationship Management Drives seamless collaboration across the full supplier lifecycle including vendor performance monitoring, supplier action plans, and management of non-responsive suppliers for enterprise procurement organizations.
• Third-Party Risk Management Centralized, holistic overview of suppliers using third-party data with a library of over 6,000 industry-standard questions for supplier assessments and re-screenings, targeting enterprise risk and compliance teams.
• Universal Integrations Connects the Graphite platform to the customer's existing tech stack, ensuring clean vendor data flows directly into systems of record via 50+ ERP integrations including NetSuite, Oracle ERP Cloud, Oracle E-Business Suite, JD Edwards, PeopleSoft, SAP Ariba, SAP S/4HANA, and Workday.
• Diamond Guarantee Industry-first anti-fraud payment guarantee that underwrites payments to qualified accounts up to $250,000, powered by the Security Waterfall that validates 97% of global banks in seconds, available for Graphite Enterprise customers.

Quantifiable outcome

• 85% faster supplier onboarding
• +6 more outcomes

Named customers35 records

Segments13 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• NetSuitecoreTechnology or IntegrationNative integration with Oracle NetSuite. Graphite Connect integrates with NetSuite to accelerate supplier onboarding, cut costs, and reduce risk for NetSuite users. Bidirectional data sync between platforms.
• OraclecoreTechnology or IntegrationIntegration with Oracle ERP Cloud, E-Business Suite, JD Edwards, and PeopleSoft. Enables seamless supplier data synchronization across Oracle enterprise systems.
• SAP AribacoreTechnology or IntegrationIntegration with SAP Ariba enhances the SAP Ariba experience for supplier management. Graphite Connected integrates with SAP Ariba to provide validated supplier data.
• SAP S/4HANAcoreTechnology or IntegrationDirect connection to SAP S/4HANA syncs validated supplier data to systems of record. Part of the 50+ ERP integration ecosystem.
• WorkdaycoreTechnology or IntegrationIntegration with Workday to centralize and clean supplier data. Enables procurement teams to manage suppliers within Workday ecosystem.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Coupa Software: Public business spend management platform with a supplier information management module. Comparable as a broad incumbent offering overlapping supplier validation, onboarding, and risk features alongside a wider Source-to-Pay suite.
• GEP: Procurement and supply chain software plus services provider. Comparable as a broad incumbent that overlaps with Graphite on supplier management and procurement digitization at large enterprises.
• SAP Ariba: SAP's flagship procurement and supplier management suite. Directly comparable to Graphite because it is one of Graphite's primary integration partners and also the most established competitor in supplier onboarding and supplier master data.

Direct peers

• Ivalua: Procurement platform providing supplier management, risk, and onboarding capabilities. Closely comparable as a direct competitor for enterprise supplier data and validation use cases.
• Zycus: AI-driven source-to-pay platform with strong supplier onboarding and risk management offerings. Directly comparable in targeting Fortune 500 procurement buyers with AI-led supplier automation.
• Jaggaer: Source-to-pay suite with a strong focus on supplier management, risk, and onboarding. Closely comparable on supplier information management, third-party risk, and enterprise procurement workflows.

Emerging players

• Supplier.io: Supplier diversity and risk management platform. Comparable as an emerging player addressing supplier onboarding and third-party risk, with overlap on Graphite's enterprise buyer personas.
• Certa: Third-party management platform for onboarding, due diligence, and risk. Comparable as an emerging SaaS targeting similar procurement, compliance, and third-party risk workflows at enterprises.
• HICX: Supplier information management and onboarding SaaS for enterprises. Directly comparable as a focused supplier management vendor with similar enterprise procurement buyer targets.
• Tealbook: Supplier intelligence platform focused on enriched supplier data and discovery. Comparable as an emerging point solution addressing supplier data quality — directly adjacent to Graphite's core proposition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/graphiteconnect

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Graphite Systems