Automated Procurement Monitoring & Management
Use a data-driven approach to ensure procurement process compliance across your organisation and let nothing slip by.
Safeguard your organisation from procurement risk
Effective procurement processes rely on compliance to policies and contracts created to safeguard value for any business. An organisation’s ability to monitor and enforce compliance is limited by systems that are disconnected and subject too many manual steps. Further risk exposure results from staff and suppliers attempting to circumvent these processes and controls which are difficult to monitor
Procurement Integrity is Paramount
Protect procurement integrity by knowing that compliance to policies is actively and continuously being monitored.
Verify compliance to contracts and ensure that maximum value is being obtained from the procurement effort.
Gain insight into errors, suspicious activity, and even fraud in the procurement process.
The Satori Solution
Satori is a Software as a Service that offers automated, continuous control monitoring across any procurement process within your organisation.
The Solution’s workflow manages exception output to ensure follow-up in a timely manner by the team or the person of responsibility. Each exception is investigated and closed out with a defined issue, action, and root cause.
Satori’s Dashboards provide management with real-time visibility on what issues are occurring and their root causes, enabling opportunities for process improvements.
Satori for Automated Procurement Monitoring
Requisition Monitoring
- Requisition limits
- Split Requisitions
- Unauthorised Requisitions
- Date discrepancies
- Segregation of duty checks
Purchase Order Management
- PO limits
- Split POs
- Unauthorised POs
- Date discrepancies
- Segregation of duty checks
- Two-way and three-way match
Contract Compliance
- Approval process check
- Trading term compliance
- Procurement policy compliance
- Vendor risk assessment
- Creditor Check
”Millions saved from one test of procurement data that detected a years-long fraud, fuelled by a gambling debt. The case went to Court and there was a conviction.
Large ASX Listed BusinessChief Financial Officer
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Satori adds Australia’s only bank-verified account verification solution to their services with the acquisition of OK2Pay
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