Lapasar
Compliance & Governance

Audit Trail

An audit trail is a complete, time-stamped record of every action in a process, showing who did what and when, so transactions can be traced and verified.

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In procurement, an audit trail records the full history of a purchase — the requisition, approvals, the purchase order, receipt, invoice and payment, with the user and timestamp for each step. It lets auditors verify that spending followed policy and lets teams investigate discrepancies.

Manual, paper-based processes make audit trails patchy and hard to reconstruct. Digital procurement systems capture the trail automatically, which is essential for compliance, dispute resolution and demonstrating good governance — particularly for government-linked companies.

Frequently asked questions

What is an audit trail?
An audit trail is a complete, time-stamped record of every action in a process — who did what and when — so transactions can be traced, verified and audited.
Why is an audit trail important in procurement?
It proves spending followed policy, supports compliance and audit, helps resolve disputes, and demonstrates good governance — especially important for regulated and government-linked organisations.

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Operating model · diagram

  1. 01

    AI-first software

    AI-first procurement software for long-tail spend

  2. 02

    Live marketplace

    A live B2B marketplace

  3. 03

    Human services

    Human sourcing and support

  4. 04

    Optional add-on

    Fulfilment support for merchants