Procurement Fraud is recognized as the second largest economic crime in the world. Preventing procurement or supplier fraud is an ongoing process that requires constant vigilance and an analytic partner that understands your business and has proven experience solving fraud problems .
Wikipedia–“Procurement fraud can be defined as dishonestly obtaining an advantage, avoiding an obligation or causing a loss to public property or various means during the procurement process by public servants, contractors or any other person involved in the procurement.”
According to a 2014 global economic survey conducted by PwC, twenty-nine percent (29%) of global organizations had experienced procurement fraud.
Zencos has worked with government and private sector clients helping them solve their fraud problems. We have implemented multiple solutions from SAS Institute to help to solve an array of fraud problems. In addition, we have solved some of the same issues facing the industry by leveraging non-SAS commercial and open source software.