Automate and gain greater visibility and assurance over policies, contracts, and process adherence within your business in real-time.
Automated and Comprehensive Governance of Procurement
Supply chain risk is on the increase
Effective procurement processes rely on compliance with policies and contracts created to safeguard value for an organisation. An organisation’s ability to monitor and enforce compliance is limited by systems that are disconnected and subject to many manual steps. Further risk exposure results from staff and suppliers attempting to circumvent these processes and controls which are difficult to monitor. Conducting business in an increasingly uncertain world requires organisations to better understand their 3rd party relationships. Verifying your suppliers is a critical activity that needs to be done when onboarding them and on a continuous basis thereafter. If undetected these emerging issues can cause severe reputational or financial risk to your organisation.
Ensure Procurement Integrity
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 insights into errors, suspicious activity, and even fraud in the procurement process
Leverage an AI and data driven approach to managing your organisations 3rd party risks and reduce the reliance on manual validation processes
Identify potential sanctioned entities, pollical exposed people, conflicts of interest, or collusion in real-time and provide executives with the assurance that these risks are being managed and mitigated
The Satori Solution
Satori is a Software as a Service that offers automated, AI-driven, continuous monitoring across your procurement processes and vendors within your organisation.
Satori for every Procurement Scenario
- Procurement
- Vendor Risk
- Continuous Monitoring
- Accounts Payable
- Conflict of Interest
- Fraud and Bank Account Verification
Procurement Monitoring
Vendor & 3rd Party Monitoring
Continuous Control Monitoring
Accounts Payable Monitoring
Conflict of Interest Monitoring
Fraud and Bank Account Verification
”Without Satori we would be 5 years behind on compliance framework activities, controls process maturity and internal policy compliance.
Large Retail & Hiring BusinessCommercial Process & Compliance Manager
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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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