SAS for Procurement Integrity

According to SAS company the inefficiency of purchasing processes became the reason of deterioration in work about 75% of the organizations, including the companies from the list of Fortune 500, small businesses and the state organizations. Any company to a greater or lesser extent depends on suppliers or other partners who support its business activity and also services help to deliver timely to clients goods. If operations on purchases are adjusted inefficiently and there are out-of-stock situations of resources, it can lead to loss of reputation and financial losses. By market estimates, such damage is 1–4% of total costs for purchases.

The solution SAS for Procurement Integrity integrates tools for data management, risks assessments and visualization of results and thanks to it complex approach for control of purchases allows to implement. Providing easy integration with the main ERP systems, the platform obtains necessary data and analyzes them using four methods of detection of signs of violations.

• The business rules based on certain scenarios are shown by the known cases of fraud, such as discrepancies between data sources or purchases at "unwanted" suppliers.
• Detection of anomalies allows to find deviations in "behavior" of subjects of the analysis, for example, the nature of participation in biddings of some contractor that can serve as an additional flag to which it is worth paying attention.
• Predictive models provide point estimation of risks on the basis of methods of deep data analysis and machine learning that allows to reveal orders, suppliers, invoices for payment and payments with signs of violations which are not visible on a surface.
• The analysis of social communications helps to reveal data on the relations which connect participants of procurement process, and the analysis of unstructured text data defines the additional hidden communications.

The solution SAS for Procurement Integrity allows to consider industry specifics and can be used in the organizations of a different profile: banks, production companies, retail chain stores, in petrogas the sector, state organizations – everywhere where purchases and work with suppliers have significant effect on full implementation of business processes. The solution has high flexibility and can quickly be recustomized in process of change of processes of the organization and statutory requirements. Most procurement experts, internal control and audit specialists, experts in security, legal departments, finance divisions will be able to estimate advantages of application of the solution.