SAS® For Procurement Integrity

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Overview

Continuously monitor staff and supplier activity to spot early-warning signs. More effective monitoring starts with better data management. SAS For Procurement Integrity combines data management, analytics and intellectual property to minimize procurement losses, make organizations more efficient and maintain compliance in an ever more complicated regulatory environment. The solution comes with predefined fraud scenarios and advanced analytics to identify fraudulent behavior in the complex networks that exist within procurement.

Key Features

Business rule deployment and learning cycle:Imports business rules from existing rules engines for known risks.Uses an iterative, closed loop process to capture and maintain changes to the business rules engine as new schemes are uncovered.

Anomaly detection: Identify unusual patterns and behaviors hidden within hundreds of thousands of transactional details

Predictive models: Predictive capabilities help root out the often-hidden hallmarks of known fraud behaviors

Alert and Risk Indicators: Assembles alerts from multiple monitoring systems and associates them with common individuals.Calculates risk scores based on specific characteristics of the activity

Social network analysis: Helps customers focus on the red flags in the links between vendor owners, companies, employees and more

Key Benefits

Smart and focused audit. SAS provides you with comprehensive decision management

Automation. Use more automated processes to ingest data, apply data quality assistance and generate risk scores to look at more aspects from more data sources

Better accuracy. With cleaner data and extensive scenario management (risk scoring rules) capabilities, your analysts get the insights they need to increase accuracy and reduce false negatives – as well as false positives

Speed to intelligence. The big data analytics capabilities of SAS for Procurement Integrity enable quick decisions about whether to stop invoices, payments or purchase orders.

Product/Service details

SOLUTION OR SERVICE TYPE
Geographic Availability
Europe, North America