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External auditors confirm that BuyIn has established effective measures against antitrust violations, highlighting several measures as best practices.

Independent auditors from KPMG certify in their report that antitrust compliance is deeply integrated in relevant procurement processes at BuyIn. The company has established Antitrust Guidelines that outline specific rules to ensure antitrust compliance while successfully doing business. “I’m delighted that independent auditors have endorsed BuyIn’s system, which focuses on our employees’ understanding of the Guidelines and their integration into the daily business. Combined with smart tools, we manage to deliver the highest standard of antitrust compliance for our Alliance members,” says Sven Büschgens Compliance Officer at BuyIn.

The audit report contains no material findings or recommendations, but identifies BuyIn as a company with several best practices.

BuyIn’s Compliance best practices

  • Innovative preventive IT controls embedded in business processes that efficiently manage antitrust risks
  • Strong monitoring of compliance measures and controls (quarterly self-assessments by individual teams) and additional monitoring by the Compliance team.
  • Intensive, regular exchanges between the Compliance function and the rest of the company, leading to a high acceptance of the rules as well as of the team itself
  • A high level of professional training within the Compliance department

You can see the details of the audit, its content and the audited units in the official report.

“This is a great result that all the teams at BuyIn can be proud of. The most important factor in running a successful business is that our customers, business partners and employees are confident in our company and the work we do,” says Guillaume Breton, CFO and General Secretary at BuyIn.

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