What does SAS Payment Integrity for Procurement do?
SAS Payment Integrity for Procurement continuously monitors your vendor and supplier data using advanced AI and machine learning to proactively reduce financial losses. It automatically detects and prioritizes high-risk transactions – such as duplicate invoicing, overbilling, collusion and bid rigging – earlier than traditional audit methods, protecting your organization's budget and reputation.
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Continuously monitor supplier, vendor, contract & staff activity to spot early warning signs
More effective monitoring starts with better procurement data management. Combine structured and unstructured data from virtually any source across databases, systems, agencies and even third parties. Sophisticated data quality techniques – including data matching, deduplication and entity resolution – are applied automatically to create a single, holistic view of a vendor. Continuous monitoring of all activities lets you quickly identify high-risk events that warrant further review – before money goes out the door.
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Quickly distinguish high-risk procurement activities from low-risk ones
Our procurement data management model combines AI, procurement-specific scenarios and decades of forensic expertise. It uses a hybrid detection approach with a risk-scoring engine that integrates business rules, anomaly detection, predictive modeling and link analysis to identify suspicious activities with greater accuracy. Risk and value-based scoring models automatically prioritize alerts, reducing false positives and allowing staff to focus on high-risk items.
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Boost staff productivity across the procure-to-pay life cycle
An intuitive interface offers powerful analysis tools, including interactive visualizations and advanced search capabilities, for precise data retrieval, enabling thorough vendor and network risk assessments. Quickly identify potential issues and make informed decisions with detailed vendor profiles, risk breakdowns and interactive timelines. Our streamlined platform empowers your team to optimize the procure-to-pay process, boosting productivity and minimizing risks.
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Make faster decisions with automated analysis & reporting
We've automated much of the procurement data management, alert generation and workflow to streamline operations and enable staff to make decisions quickly. Users can review all relevant data, perform advanced searches and apply time-bound or geospatial capabilities in a single platform. Automated reporting provides information to key decision makers in the form of dashboards, portals, web analytics, mobile reporting, briefing, alerts and more.
Key features: How SAS Payment Integrity for Procurement solves procurement problems
Spot early warning signs that could indicate procurement risks and improve your investigative processes with advanced procurement data management tools for analysis.
Data management
Accesses, combines, cleanses and compares all relevant structured and unstructured data from disparate internal and external data sources, including third parties.
Powerful advanced AI & analytics
Includes a procurement analytics data model, procurement-specific scenarios and a large set of predefined scenarios developed using decades of experience and expertise.
Business rule development
Lets you import existing business rules and add to or modify them as new schemes are uncovered using a closed-loop learning system.
Detection & alert generation
Scores transactions with an online scoring engine that uses a hybrid approach – including business rules, anomaly detection, predictive modeling and associative link analysis – to spot suspicious activity.
Alert management
Combines alerts from multiple monitoring systems, associates them with common data and provides a more complete view of procurement risk.
Social network analysis
Goes beyond individual invoices, payments and purchase orders to analyze all related activities and relationships at a network dimension. Provides an intuitive interface that lets staff identify linkages among seemingly unrelated events and entities.
Case management
Enables disposition of high-risk vendors, contractors or suppliers to case management workflows that allow interested parties to assess risk and make determinations on a case.
Interoperability
Open APIs support application access to and from SAS to leverage non SAS corporate assets and infrastructure so everyone can make data-driven decisions.
Proactively prevent procurement fraud with SAS Payment Integrity for Procurement
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SAS Payment Integrity for Procurement frequently asked questions
What is SAS Payment Integrity for Procurement?
SAS Payment Integrity for Procurement continuously monitors and analyzes supplier, contract and transaction data to proactively detect and prevent fraud, waste, abuse and error throughout the procure-to-pay life cycle
What are the main types of procurement fraud?
Procurement fraud encompasses several common schemes, including phantom vendors (fake supplier accounts), bid rigging and collusion between vendors, conflicts of interest and manipulating invoices or contracts. SAS Payment Integrity for Procurement is designed to proactively detect these high-risk activities throughout the procure-to-pay life cycle.
How does SAS help prevent procurement fraud?
SAS uses a hybrid approach that combines:
- AI and predictive modeling.
- Anomaly detection and outlier risks.
- Business rules around payments and procurements.
- Network analysis to accurately score transactions and prioritize high-risk alerts that may involve a number of vendors or connected parties.
How can I detect fraud and red flags in the procure-to-pay process?
Detection requires continuous data monitoring and advanced analytics to identify anomalies. Red flags include duplicate payments, single-source procurement without justification, inflated invoices and unexplained changes in vendor details or behavior. SAS uses a hybrid AI approach to automatically flag and prioritize these specific risks.
What are the biggest risks in the procure-to-pay process besides fraud?
Beyond intentional fraud, major procure-to-pay risks include human error (resulting in duplicate records), noncompliance with internal and external regulations, and additional costs from missed early payment discounts. These are often rooted in disconnected, manual workflows and a lack of real-time visibility.