E-Book
Public procurement integrity at risk
How data and AI can strengthen the procure-to-pay life cycle
E-Book
How data and AI can strengthen the procure-to-pay life cycle
Fraud, waste and abuse (FWA) take many forms, from duplicate invoices, ghost vendors and fake invoices to overbilling billing for goods. Bad actors exploit loopholes in procurement processes. They exploit the government’s inability to connect the dots between the data to see the bigger picture. What’s more, complex, decentralized procurement processes leave room for errors and abuse.
Deceptive and inefficient practices drain government resources – both employees and taxpayer funds. Many departments and agencies are realizing the significance of the funds lost to procurement FWA and are setting up ethics, counter-fraud and governance missions to address the challenge.
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