Developing a corporate culture which embraces spend management is vital for compliance when employees are purchasing goods and services, according to the latest AirPlus Advises white paper.
The procurement team must embed best practice in compliant behaviour from employees across all spending processes in the organisation, advises AirPlus International’s white paper, ‘Driving compliance: what you need to know’.
The cost, legal implications and impact on the reputation of the procurement function caused by poor levels of compliance are significant: so it’s vital to put into place processes that eliminate maverick spending and unreported procurement.
Adopting practice procurement, such as buying from preferred suppliers and using the lowest cost payment process can help protect organisations from fraud, diminished savings and jeopardised visibility of spend.
The white paper outlines what non-compliance looks like and what steps companies – and procurement professionals – can take to ensure compliance.
The second in the ‘AirPlus Advises’ series of white papers addressing various issues in this sector, ‘Driving compliance: what you need to know’ can be found in the AirPlus International corporate payment zone on the Supply Management website.