Identify Potential Procurement Fraud Using Forensic Data Analysis
Uncover potential financial anomalies within procurement and disbursement activity. Advanced data mining and intelligent algorithms identify issues, strengthen financial governance, minimise risk, and help recover lost funds.
Detect. Prevent. Recover.
Benefits
Identify fraudulent behaviour by vendors and employees.
Strengthen governance, risk, and compliance efforts.
Drive business process improvements across procurement.
Improve cash flow and overall financial performance.
Reduce financial risk and lower internal audit costs.
Features
Simple and intuitive data upload
Automated processes transform your data into pre-designed reports and
Uses 10+ proprietary algorithms, compared to the typical three or four.
Employs fuzzy matching logic for vendor and transaction records.
Analyses invoice chronology, header data, and user input patterns.
Ranks vendors and transactions to prioritise internal audit effort.
Supports internal investigations with expert-led audit services.
Detects vendors issuing invoices with rounded amounts.
Detects sudden or irregular spikes in invoice volumes.
Detects invoices submitted just below known approval thresholds.
Detects payments made on weekends or to PO Box-only vendors.
Detects suspicious sequences of invoice numbers.
Detects digit distribution anomalies using Benford’s Law.
Detects connections between vendor and employee records via shared
Choose the level of help you need.
Self Service
Upload files of up to 50,000 rows per
Hybrid Service
Securely transfer larger datasets to
Managed Service
AnyData provides a complete end-to-end
Optional Add-ons
See Financial Data Forensics / Fraud in action.
Book a personalised demo with our team and explore how this fits your data and processes.