Procurement Integrity for Utilities
Proactively and continuously prevent, detect and respond to suboptimal business decisions, misconduct and inconsistent controls with improved procurement processes.
How SAS® Helps Ensure Procurement Integrity
SAS combines data management, analytics and intellectual property to help you minimize procurement losses. Quickly decide whether to stop invoices, payments or purchase orders. Detect even the most obscure instances of error or abuse. And reduce disruption and delays caused by low-risk items.
More effective monitoring
- Combine structured and unstructured data from virtually any source.
- Create a single, holistic view of a person or entity by automatically applying sophisticated data quality techniques.
- Quickly identify high-risk events that warrant further investigation – before money goes out the door – by continuously monitoring all activities.
Automated data analytics & reporting
- Streamline operations with a single platform that enables users to review all relevant data, perform advanced searches and apply temporal or geospatial methodologies.
- Go beyond individual invoice or payment views to analyze all related activities and entity relationships at a network dimension.
- Provide key decision makers with information via dashboards, portals, web analytics, mobile reporting, briefings, alerts and more.
Faster investigation processes
- Provide investigators with ready access to data and fraud signals in investigative workspaces.
- Facilitate collaboration, compliance and efficiency with an easy-to-use interface that provides interactive visualization and search components.
Domain expertise
- Take advantage of our extensive experience in text mining, machine learning and AI, which adds significant value beyond traditional rules-based approaches.
- Accelerate time to value with procurement models that provide objective, data-driven risk screening to identify high- and low-risk purchase orders, suppliers, invoices and payments.
- Empower procurement officers to remediate high-risk processes and secure financial positions quickly.
Why do utilities choose SAS® for procurement integrity?
SAS enables a multifaceted approach that combines internal controls, audits and an analytics platform to surface high-risk concerns before significant losses occur.
Continuously monitor activity to spot early-warning signs
Aggregate data from all relevant sources, both internal and external, using a common data model that facilitates continuous data analysis. Apply advanced analytics using predefined and customized scenarios to surface issues fast.
Quickly distinguish high-risk procurement activities from low-risk ones
Use a combination of analytical techniques, such as clustering, segmentation, pattern recognition and associations, to assess the overall risk posed by each payment, invoice, supplier or purchase order. This enables you to focus valuable resources on the threats that pose the highest risk.
Improve analyst & investigator productivity
Streamline operations by automating data management, alert generation and workflows, and provide analysts and investigators with an easy-to-use interface for exploring, visualizing and manipulating data pertinent to investigations.
Uncover instances of procurement fraud you would otherwise miss
Use the latest advanced analytics and AI capabilities to effortlessly sift through huge quantities of data, spotting anomalies and patterns quickly. Employ machine learning models.
SAS® Software Used
How does a national utility company with nearly 18,000 suppliers and 25,000 employees prevent significant losses due to procurement fraud and realize an immediate return on investment?
SAS helped the company:
- Identify $16.8 million in duplicate invoicing that had not yet been paid.
- Enable utility management to improve profitability by highlighting issues within the supply chain, including identifying:
- $500 million in payments without receipt of goods.
- Relationships between employees and suppliers.
- 25 ghost employees representing internal fraud.
Related Products & Solutions
- Data Connectors강력한 연결, 클라우드 데이터 통합, 최적화된 프로세싱을 통해 데이터에 쉽게 액세스할 수 있습니다.
- SAS® Intelligent Decisioning분석에 기반한 강력한 비즈니스 규칙을 손쉽게 생성, 관리, 통제하여 대규모 의사결정을 지원합니다.
- SAS® Payment Integrity for ProcurementContinuously monitor procurement data and systems to reduce losses and optimize procurement processes.
- SAS® Visual Analytics데이터 안에 담긴 중요한 관계를 발견하고 인사이트를 공유할 수 있습니다.
- SAS® Visual Data Mining and Machine LearningSAS 비주얼 데이터 마이닝 및 머신 러닝은 통합적인 시각화 인터페이스를 통해 모든 데이터 마이닝, 머신러닝 프로세스를 지원할 수 있습니다.
- SAS® Visual Investigator다양한 인텔리전스 분석 및 조사관리 니즈를 신속하면서도 정확하게 해결할 수 있습니다.
- SAS® Visual Text AnalyticsSAS 비주얼 텍스트 애널리틱스는 자연어 처리, 머신 러닝 및 언어학적 규칙을 결합하여 비정형 데이터에 숨어있는 인사이트를 제공할 수 있습니다.
전 세계 수 많은 기업들이 SAS와 함께 발전하고 있습니다.
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