How to Prevent Unauthorised Purchases

For many organisations, the purchasing processes that take place are far from ideal. There is often far too much inefficiency, such as, purchases made without proper authorisation, purchases made from non-preferred suppliers, no visibility of purchasing commitments and so on. To add to this, costs can be attributed to the wrong accounts or departments,...

Staff in many organisations struggle to identify the most appropriate suppliers from whom to purchase the products and services they require. This often leads to ill-informed purchasing decisions being made, which in turn results in higher costs along with an increase in administrative time being spent.

It is important for organisations to have full visibility into the processes that drive their businesses as it can show if the processes in place are accurate and consistent. Business process visibility is described by TechTarget as, ‘…the ability to accurately and completely view the processes, transactions and other activities operating within an...