Where procurement goes next
Virtually all organizations strive to operate with integrity and prevent procurement fraud before losses occur. But this demands modernized technology and adoption of an integrated, data-driven analytics approach. Without automated technology to quickly and cost-effectively surface potential risks, millions will be lost to procurement FWA. Analytics can catch people trying to dodge controls and procedures, as well as any conflicts of interest.
Modernizing procurement oversight requires more than dashboards or periodic audits – it demands technology that unifies data, proactively detects risk and guides teams to the right investigative actions. SAS brings these capabilities together in a single platform that automatically monitors supplier contract and transaction data to automatically surface high-risk activities, including duplicate invoicing,…
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