From blind spots to insights: uncovering procurement fraud with data analytics​

This webinar will explore how advanced analytics can transform fraud prevention and detection capabilities.​

Procurement fraud is a serious threat that can cause significant financial losses, reputational damage and disruption to operations. According to the Association of Certified Fraud Examiners (ACFE), organizations lose an estimated 5% of their annual revenue to fraud. With schemes ranging from inflated invoices and bid rigging to kickbacks and conflicts of interest, procurement remains a high-risk area. Furthermore, sophisticated fraudsters are exploiting vulnerabilities in today's increasingly complex supply chains, leaving many businesses unaware of the true extent of their losses.​

In this webinar, we will dive into how advanced analytics can transform your fraud prevention and detection capabilities. You will learn to move beyond traditional, reactive audit methods and establish a proactive, data-driven defense. By leveraging the power of artificial intelligence (AI) and machine learning, you can uncover hidden anomalies, detect collusive behavior and gain real-time visibility into your spending, protecting your company's bottom line and reputation.​

Key topics that would be covered include:​

• Key procurement risks impacting an organization and leveraging data analytics to identify these risks.​
• Ability to authenticate procurement invoices and supporting documents to detect potentially forged documents.​
• Managing third-party risks throughout the lifespan of the relationship.​
• Demonstration of the procurement fraud monitoring solution, leveraging AI and machine learning to intelligently detect risks in data and documents.​

Speakers and panelists​

• Ramesh Moosa, EY Asean and Singapore Forensic & Integrity Services Leader​
• Stacy Chai, Partner, Forensic & Integrity Services, Ernst & Young Advisory Pte. Ltd.​
• Krishna Pandala, Director, Forensic & Integrity Services, Ernst & Young Advisory Pte. Ltd  ​
• Kumar Sai, Partner, Forensic & Integrity Services, Ernst & Young LLP​
• Stevanus Alexander B. P. Sianturi, Partner, Forensic & Integrity Services, PT Ernst & Young Indonesia​
• Joyce Lim, Partner, Forensic & Integrity Services, Ernst & Young Consulting Sdn. Bhd.​
• Roderick M. Vega, Partner, Forensic & Integrity Services, SGV & Co​
• Hiranthi Fonseka, Partner, Forensic & Integrity Services, Ernst & Young LLP​
• Wilaiporn Ittiwiroon, Partner, Forensic & Integrity Services, EY Corporate Services Ltd.​
• Saman Wijaya Bandara, Partner, Forensic & Integrity Services, Ernst & Young Vietnam Ltd.​

Please register your interest if you wish to join this event. You will receive a confirmation email if your registration is successful.

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