Improvements through audit
Governance is less about the mechanics and more about the dynamics.
Contracts do not belong in the bottom draw.
Although it seems the hard work is done once contracts are signed, it’s not. The terms of the contract need to be operationalised – and made real for stakeholders and suppliers alike.
Yet, it doesn’t always happen this way. People come and go, conditions change. What was agreed may be overlooked… until a problem emerges. It could be small like spend leakage or order splitting and sometimes more serious, like fraud. Proactivity in your audit and compliance is the way to minimise such risks.
Comprara is the Lead Reviewer, Auditor and Accreditor for various programs. In this capacity we make an expert assessment of the procurement function. We focus on how an organisation can improve its controls, practices and processes around delegations and authority. We look for risk and recommend resolution.
Take action to keep your operation air tight.
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