Lexis Nexis
-
Procurement fraud is a leading commercial risk and organisations must implement every possible preventative measure to ensure it does not impact the business. -
The need for greater transparency in compliance and procurement has never been more important - businesses have no choice but to implement a comprehensive vetting process to ensure complete transparency and honesty in their dealings. -
Companies evolve and so do their needs. More often than not, third parties are essential for organisations to function and meet their own outputs. -
Procurement fraud can be committed by employees acting alone or in collusion with vendors. -
Suppliers play a huge role in the operational capacity of a business and with a mutually healthy relationship, trusted suppliers can help a business satisfy customer needs, even in a pinch. -
Technological innovation benefits business by putting pioneering solutions in the hands of busy professionals, thus promoting self-sufficiency and accuracy. -
Businesses and third parties share complex relations. While each will prioritise their own bottom line, they need each other in order to operate.