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The energy sector is ranked No. 2 for fraud, waste and abuse, with losses estimated at 1 to 4% of total procurement spending. The ramifications, if left undetected, include an increase in unnecessary spending, operational disruption, reputational risk, legal action and financial loss. SAS' modular approach for continuous monitoring uses automation to accelerate the process and free up valuable resources for more consistency. By bringing together data from disparate external sources, you can then gain better situational awareness.
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Gain better situational awareness by bringing together data from disparate external sources.
Copyright © 2022, SAS Institute Inc. All rights reserved.
How continuous monitoring with smart analytics can reduce fraud, waste and abuse
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