Emptoris Compliance

Improve Operational and Regulatory Compliance

As organizations grapple with multi-pronged compliance initiatives, CFOs and COOs are striving to optimize these and squeeze as much value from them as possible. One major area of focus is around process and control compliance. Companies are negotiating billions of dollars in savings through their sourcing programs but failing to realize much of that due to process disconnects between what they contract to spend and what they actually do. They need seamless integration between strategic and transactional systems—from sourcing to contract to procure-to-pay processes and systems.

Yet, grappling with increasingly complex, vendor specific contract terms, this is becoming only harder, not easier to manage through traditional processes. Moreover, they often struggle to review processes because they lack a means of control across multiple business units and a wide range of business agreements. Often companies are unable to evaluate all the transactions in their procurement systems against their contracts. They frequently lose earned discounts and rebates, and suffer potential material event exposure when their suppliers miss milestones and fail to meet their service level agreements.

Emptoris helps enterprises overcome these challenges in two key ways. First, it enables tight integration from sourcing to contract management to procurement processes to ensure that savings negotiated during the sourcing process are realized downstream. Second, it monitors all purchasing transactions enterprise-wide for both control violations and alignment between contracted terms and actual spending. It tightens the process and then monitors for any additional leakage that may occur. The net result is improved adherence to many regulatory requirements, such as Sarbanes-Oxley, and more efficient and effective business processes that can drive millions to the bottom-line.

Why Emptoris Compliance?

• Prevent Negotiated Savings From Leaking Away. Emptoris Compliance helps you ensure transactional systems are in compliance through the tightest integration across sourcing, contract, and distributed transaction systems and processes. Emptoris empowers you to stop the leakage with transaction analysis that compares actual spend data with negotiated contract terms.
  
  
• Gain Proper Visibility To Monitor Financial Condition, Operations Changes, And Contract Commitments. Monitoring all your contractual commitments across your customer and supply base, Emptoris Compliance provides a single, comprehensive dashboard that provides proper visibility into day-to-day operations, and monitors the details of your procure-to-pay transactions regardless of the system of record for control violations, potential fraud, and opportunities for greater efficiency.
  
  
• Get Control Of Your Business And Reduce Audit Costs. Emptoris Compliance provides organizations with a documented contract controls process, along with the appropriate checks, balances and audit trails for proper policy oversight and enforcement across all business units.
  
  
• Realize immediate and sustainable value. With Emptoris automated compliance analysis, your ability to identify control violations is no longer restricted by selective, periodic, time-consuming, and manual audits. Now, all of your transactions can be continuously monitored for greater and more efficient compliance across your enterprise.

Emptoris Compliance Capabilities

Emptoris Compliance consists of four key capabilities, Spend and Contract Visibility, Procure-to-Pay Control Monitoring, Contract Compliance for SAP Solutions, and SOX 404 Reporting.

To learn even more about what Emptoris can deliver for your company, please view our on demand Executive Webcast titled "Emptoris 6: Accelerating Profitable Growth."
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