Probity is defined as complete and confirmed integrity, uprightness and honesty. Upholding the highest standard of probity and integrity enables organisations to safeguard procurement activities to ensure those activities and processes are robust and can withstand scrutiny.
Probity is critical to an organisation’s ethical decision-making and incorporates the principles of accountability, impartiality and transparency.
We offer transparent, activity-based probity advisory and auditing services for a variety of transactions, including procurement, divestment, re-contracting and recruitment. Our bespoke Probity Methodology ensures that key probity elements are incorporated in every aspect of your transaction – ie Transparency, Accountability, Fairness, Value-for-Money, Issue Management and Conflict of Interest Management.
An organisation’s procurement function can be its key business strategy enabler. We provide our clients with best practice and market leading experience to improve the efficiency and effectiveness of the Procurement function and thereby enhance the financial performance of the business.
A key element in providing quality probity advice is an understanding of the transaction and the associated issues and risks.Our probity methodology is risk-based and consists of several core components.
Firstly, we partner with clients to identify and implement implicit, explicit and transaction-specific controls. Secondly, we maintain a resource toolbox of controls which are easily customisable and ready to use. Finally, we work with our clients to build organisational and team maturity across the probity elements.
How we can help:
We support our clients to build internal probity and procurement capacity and capability, by delivering a combination of standardised process documents and tailored staff development and e-learning solutions.
Our service offerings include:
We review transactions and undertake investigations to ensure compliance with relevant regulations, legislation, policies, probity plans and key probity elements.
This includes the following:
In recent years, procurement has become recognised as a fundamental enabler of business strategy and a preferred method for achieving sustainable cost reduction. It is often a source of opportunity for process simplification and technology enablement, and better-informed decision making that is based on enhanced data and information analytics.
How we can help:
We assist our clients to ensure that their investment in procurement activities can be quickly realised through strong contract and vendor management. This includes executing and monitoring contracts for the purpose of maximising financial and operational performance, minimising risk and maintaining statutory compliance.
Contract and vendor management is inextricably intertwined with procurement, as it generally entails the negotiation and drafting of purchasing and supply contracts. As a result, the strength of a company’s contract and vendor management frameworks strongly influences the results of its procurement management and vice versa.
Centium can assist with the: