Web-based tool assists procurement's struggle against fraud and corruption

Whistle-Blower.jpgLexisNexis Risk Management has launched a web-based system to assist in identifying and preventing fraud and corruption within the procurement environment.

The ‘ProcureCheck’ system gathers information needed to conduct due diligence and vetting on vendors and employees, such as information relating to property, people, companies and close corporations, Rudi Kruger, General Manager of LexisNexis Risk Management, told SmartProcurement.

The system enables procurement departments to access the information through a single, easy-to-use website at anytime.

ProcureCheck can assist users to recognise conflicts of interest within their organisations and potential supply chain partners by identifying potential connections and ownership of property, highlighting business interests of employees within an organisation and, through the South African Fraud Prevention Services, identify possible fraudulent activity within vendors and employees.

Promoting ethics in Procurement

ProcureCheck promotes a culture of strong ethical standards and good business practice in supply chain management, helping to eliminate corruption and fraud.

Organisations tend to focus on reducing their negative ethics risks, since they understand that unethical practices can expose them to financial loss owing to theft, fraud and corruption. However, it is equally important that organisations focus on the benefits of a strong ethical culture. In the contemporary business environment, organisations with a strong ethical culture will have a competitive edge over their unethical counterparts.

ProcureCheck assists in building an environment where business can be conducted with integrity, respect and mutual trust among those involved in the procurement process in order to comply with the highest ethical standards, in accordance with 16A8.1 of the Public Finance Management Act (PFMA).

The system can ensure that supply chain officials meet all conditions as stipulated in 16A8.3 of the PFMA by identifying possible conflicts of interest that may arise during the co-ownership of property, additional directorship of conflicting or bidding organisations, or through the acceptance of gifts in the form of immovable property, thus combating corruption and fraud within the supply chain management system.

Reports generated by ProcureCheck can also be used by accounting officers when submitting information to the relevant treasury (16A11 of the Act).

ProcureCheck offers some of the following features:
• Provides automated irregularity alert reports.
• Provides vendor and staff reports (useful for King III Committees).
• Allows the creation of internal vendor lists (preferred and blacklisted vendor indicators).
• Vendor vetting (on an ad hoc or batch basis).
• Ongoing monitoring.
• Detailed conflict of interest report.
• Manage Reputational Risk.

For more information on ProcureCheck email contact@lnrm.co.za.

Leave a comment

SmartProcurement Newsletter

Please enter your details below to receive the SmartProcurement Newsletter for FREE on a regular basis.

As part of the SmartProcurement Newsletter you will be receiving World Class Procurement News, Tools, Tips, Tactics, Procurement Training updates, Upcoming Events, and the latest Procurement Career Openings.

* Email Address:
* Title:
* First Name:
* Surname:
* Company:
* Country:
* Public / Private:



Career opportunites

Warehouse Manager

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
R400 000 - R480 000 CTC per annum.Location: ...More

Supply Chain Analyst

  • <500 000 Analyst Permanent Supply Chain Western Cape
R400 000 - R500 000 per annum.Location: Cape ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Consultant
R650 000 - R750 000 per annumLocation: Cape ...More

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
Salary: R 800 000 - R 900 000 ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
Salary: R 600 000 - R 650 000 ...More

Supply Chain Analyst

  • <500 000 Analyst Gauteng Permanent Supply Chain
R600 000 - R700 000 per annum Location: ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Management
R850 000 - R1 000 000 per annumLocation: ...More

Commodity Manager

  • <500 000 Commodities Permanent Procurement Management Western Cape
R700 000 - R850 000 per annum,Location: Western ...More

National Supply Chain Manager

  • <500 000 Across borders Permanent Procurement Management Supply Chain
R750 000 - R1 000 000 per annum,Location: ...More

Industrial Engineer

  • <500 000 >500 000 Industrial Engineer Operations, Planning & Inventory Permanent Western Cape
R450 000- R500 000 CTC per annum,Location: Western ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Management
Category: Procurement,Salary: R700 000 - R800 000 per ...More

Supply Chain Manager

  • <500 000 Gauteng Permanent Procurement Management Supply Chain
Category: Consulting,Salary: R750 000 - R800 000 CTC ...More

Logistics Manager

  • <500 000 Across borders Logistics & Warehousing Permanent Procurement Management
Category: Logistics,Salary: R900 000 - R1 000 000 ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
Area of Specialisation: Planning,Salary: R500 000 - R650 ...More

Industrial Engineer

  • <500 000 Analyst Gauteng Industrial Engineer Permanent
R800 000 - R850 000 CTC per annum.Location: ...More

Security Manager

  • <500 000 Analyst Gauteng Permanent Procurement Officer / Specialist
(Total Cost to Company R350K - R550K).This is ...More

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
(Total Cost to Company R650k - R750k) excluding

Commodity Manager Raw Materials

  • <500 000 Commodities Gauteng Permanent Strategic Sourcing
(Total Cost to Company R980k - R800k) excluding ...More

Commodity Manager Logistics

  • <500 000 Commodities Gauteng Logistics & Warehousing Permanent
(Total Cost to Company R1mil - R900k).Industry: Engineering

Procurement Consultant

  • <500 000 Gauteng Permanent Procurement Consultant Procurement Management
(Total Cost To Company 550K - 450K) includes ...More