Satori Procurement Governance

Automated and Comprehensive Governance of Procurement 

Automate and gain greater visibility and assurance over policies, contracts, and process adherence within your business in real-time.

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 a 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, continuous monitoring across your procurement processes and vendors within your organisation.

Satori for every Internal Audit Scenario

Satori Accounts Payable Transaction Monitoring

Procurement Monitoring

Use a data-driven approach to ensure procurement process compliance across your organisation and let nothing slip by.

Vendor & 3rd Party Monitoring

Use a data-driven approach to understand your 3rd party risks by continuously monitoring them across multiple data internal and external data sets.
CCM Experts

Continuous Control Monitoring

Ensure policies, procedures, cross-system, and internal controls are effective, efficient, and operating as designed in real-time.
Invoice Monitoring

Accounts Payable Monitoring

Automate monitoring of your Accounts Payable Process and ensure that nothing slips through the cracks.

Conflict of Interest Monitoring

Provide a greater level of assurance to executives, the board and shareholders that Conflict of Interest (COI) and collusion risks are being managed effectively.
Satori Accounts Payable Transaction Monitoring

Fraud Prevention

Greatly reduce fraud risk by continually monitoring policy, process, and control compliance.
Retail Transaction Monitoring

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

What’s included

Performance 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.

WEBINAR

Procure-to-pay – What is your ERP not telling you?

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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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