Satori Automated Procurement Monitoring & Management

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

What’s included

Quarterly Reports

High-level system performance and identification of areas for control, policy or process improvement summary

Environment

The Satori solution includes server, software, installation, and maintenance of software.

Implementation

Implementation of initial tests with configuration of your workflow and visualisation.

User Training & Management

Best practice end-user training to close exceptions and operation of the solution.

Daily Health & Admin

Satori’s experts act as a System Admin Manager and provide daily health checks on your server and data loads.

Ongoing Refinements

We work with you on an ongoing basis to refine your tests, ensuring the exceptions are delivering the required outcome.

Executive Dashboards

A realtime overview of what exceptions have occurred, what has been followed up and what is potentially overdue.

Additional Tests

We work with you on data quality improvements and new tests to increase coverage or cover gaps on controls.

Local Support

The Satori Customer Success and Support team are APAC based providing support even through holiday seasons.

ARTICLE

How well do you know your suppliers?

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TRUSTED BY OVER 200+ ORGANISATIONS
Satori Customer MMG Mining

“I would recommend Satori to any organisation that wants to be on top of their game by having the ability to be warned and protected 24/7 *365 days a year. 100% testing run daily on high-risk assertions wouldn’t be possible without this tool doing its magic in the background.”

Yuliya Gultekin - Manager Audit and Assurance, Risk and Assurance TeamWaka Kotahi New Zealand Transport Agency

“Satori takes our data, puts it through their magical system, and presents it back to us in an actionable format.”

Principal Fraud and Corruption ControlGovernment Utilities

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