Transparency and Control with our Audit Logs
There is not doubt that Procurement is expected to be everywhere, and not only supposed to care about core procurement tasks. Transparency and compliance are one of those tasks that can fall in between cracks, and not getting the right focus until questions are being asked: Who changed this supplier? When was this order approved and by whom? When was this document updated, and who is the owner?
If not managed in a structured manner, these areas can lead to a lack of insight, which in turn can result in inefficiencies, errors, and potential compliance issues, ultimately requiring more time than necessary.
We understand the importance of transparency in the procurement space. That's why we've also developed a focus on Audit Logs in P2Connct, providing our customers with more and easier insights into platform activities. Now, let's see how our Audit Logs can support your organisation in tracking, monitoring, and analysing actions within the system effectively.
What Are our Audit Logs?
The Audit Logs record most actions and changes made within the P2Connct platform. From supplier changes, order updates and document updates, interactions are logged with detailed information, including the user responsible, timestamp, and nature of the action. This level of granularity ensures that nothing goes unnoticed, allowing you to maintain complete visibility and control over your processes.
Great Insight and Transparency
One of the primary challenges organisations face is the lack of visibility into who did what and when. With audit logs, this challenge becomes a thing of the past. Suppose you need to track a supplier change made three months ago? In that case, you can easily access the Audit Logs and pinpoint the exact user who initiated the change, along with the action’s timestamp. This level of transparency empowers you to identify potential discrepancies, resolve issues promptly, and enhance accountability across your procurement operations.
Streamlined Audits and Compliance
In today's regulatory landscape, compliance and details are essential components of doing business. Integrated Audit Logs play an important role in ensuring compliance by providing a detailed trail of activities for auditing purposes. Whether it's internal audits or regulatory inspections, having easy access to detailed Audit Logs simplifies the process and demonstrates your organisation's commitment to compliance and governance standards.
Enhanced Decision-Making
Access to accurate and timely information is essential for making informed decisions. Audit logs provides you with the data you need to analyse trends, identify patterns, and make decisions that drive efficiency and find potential cost savings in your process and setup. By understanding user behaviours and system interactions, you can optimise processes, mitigate risks, and drive continuous improvement across your procurement workflows.
How P2Connct Benefits You
With P2Connct's Audit Logs, gaining visibility and control over your indirect procurement process has never been easier. Here's how P2Connct can empower you:
- Simplified Audits: Instantly access real-time logs of all platform activities, streamlining audit processes and ensuring compliance.
- Enhanced Transparency: Gain great insight into user actions, enabling you to track changes and resolve discrepancies effectively.
- Improved Decision-Making: Utilise data-driven insights from Audit Logs to make informed decisions that drive operational efficiency and cost savings.
Curious to learn more? Reach out to us and schedule a short call to explore how P2Connct can help mature your procurement processes. Get in touch with the team via chat, or even book a dem here.
