Risk & Spend Analysis Service
Same Data – One Truth – Multiple Uses
To help organisations comply with the requirements of The Judicial Matters Amendment Act 2023:
Proactive Risk Analysis – ensuring compliance & governance
Identifying employee – vendor associations
Identifying and verifying UBO's
Rating each supplier based on all internal control weaknesses, associations and credit bureau information (‘total risk’)
Rating spend categories and internal departments according to total risk profiles
To assist companies with compliance:
- Compliance and spend analysis
- Category management
- Strategic sourcing
- Supplier rationalisation
- Value delivery, e.g. recognising low-value transactions, etc.
Monitoring progress on achieving targets set for procurement and risk. Providing proactive risk analysis.
Practical Examples
Identify Fraud/ Waste Risk
Identify employee-vendor conflict
Detect Actual Fraud/Waste
Analyse spend with conflicted vendor (or employee involvement)
Identify Spend Anomalies
Analyse Spend
Identify Anomaly-driver
Identify employee-vendor conflict driving spend anomaly/fraud
Example of Risk Analysis Dashboard
Example of Category Manager’s Dashboard
Example of Total Process Risk by Supplier
Single Source of Truth
The Organisation
ONE TRUTH (VIEW) FOR THE WHOLE COMPANY
DATA
KNOWLEDGE
