Reducing Procurement Risk & Strengthening Compliance

How our Customer Ensures Governance and Transparency with ConnXions

As a global leader in next-generation semiconductor technology, our Customer powers the electrification of everything—from electric vehicles to energy infrastructure. Operating at this scale means dealing with strict industry regulations and a constant need to mitigate operational risk. One area under intense scrutiny: procurement.

The Challenge: Compliance Gaps and Operational Risk

Their growth and innovation trajectory demanded a more robust, compliant, and transparent procure-to-pay (P2P) process. Like many enterprise organizations, Wolfspeed faced several challenges:

• Inconsistent enforcement of procurement policies and procedures

• Limited visibility and documentation throughout the P2P cycle

• Elevated risk of fraud, manual errors, and audit failure

• Pressure to meet increasingly complex regulatory standards

With rising stakes, Wolfspeed needed more than just procurement software—they needed a platform that could drive governance and compliance at scale.

The Solution: ConnXions for Risk & Compliance Management

To address these concerns, they implemented ConnXions, a modern P2P platform designed with compliance and security at its core.

ConnXions delivered the tools Wolfspeed needed to build a more compliant, auditable, and risk-resilient procurement process:

• Enforced pre-defined procurement policies across departments and regions

• Delivered end-to-end audit trails for every transaction

• Leveraged AI-powered anomaly detection to flag unusual activity in real-time

• Supported regulatory compliance with built-in governance tools

The Impact: Governance Built Into Every Transaction

With ConnXions, they transformed procurement into a strategic risk management function:

• 🛡️ Reduced risk of non-compliance, fraud, and penalties

• 📋 Stronger audit readiness, with clear documentation and digital trails

• 🔍 Proactive fraud detection, catching issues before they escalate

• 🏛️ Improved governance, giving leadership greater confidence and control

• 🌐 Enhanced trust and reputation with internal stakeholders and regulators

Why It Matters

In today’s regulatory climate, compliance can’t be an afterthought—it must be built into the core of business operations. Wolfspeed’s adoption of ConnXions demonstrates how a smart procurement platform can reduce risk, ensure compliance, and reinforce trust at every step.

Is your procurement process exposing you to risk?

With ConnXions, compliance becomes a competitive advantage.