Identifying financial impropriety or unethical procurement using existing methods is challenging as audits only examine the known operational environment. It means organisations tend to discover what they already know. And as companies generally only have between 50% – 80% of their spend ‘under management’, with complete visibility and compliance in terms of sourcing, purchase orders, invoices, fulfilment and contracts, it means tens of billions of dollars are spent every year with varying levels of scrutiny.
- Maintain ethical procurement standards and protect organisations from unethical procurement and unethical financial practices.
- Identify unethical procurement behaviour when it occurs.
- Carry out effective internal audits to detect unethical procurement and deter future unethical financial practices.
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