In the fifth installment of Oversight's "Spend Risk Examined" podcast, Chief Client Officer Nathanael L'Heureux shares the benefits of building a culture of compliance and the steps to creating one.
Throughout the episode, A Culture of Compliance, L'Heureux details the three most common types of spenders within an organization - those who comply with company guidelines, those who violate guidelines but do so unwittingly, and the serially uncompliant.
"Those persons who are engaging in risky behavior, whether it's intentional or accidental, do it more than once. Sometimes they are just dipping their toe in the water and seeing what they can get away with, but then it continues. The behavior advances and typically will escalate over time," said L'Heureux.
The discussion also highlights the value of evaluating spend patterns to identify repeat offenders and spot how policies should be communicated, amended, or developed to address non-compliance.
Episode Five of the "Spend Risk Examined" series continues our focus on providing finance leaders with insights, best practices and lessons learned to disarm risk and elevate finance across an enterprise. Our first season includes diverse voices and perspectives from the Oversight team to explore the varied intricacies of enterprise spend risk.
You can subscribe to "Spend Risk Examined" and listen to all five episodes today, or on your preferred podcast streaming service.