AI-driven spend management & forensic audit

Combined real-time spend management & forensic audit capabilities to detect risk and optimize procurement practices

The challenge

The client was experiencing challenges with its internal audit process. The audit revealed numerous dubious transactions, including duplicate payments, out-of-policy expenses, and suspicious vendor payments. The manual audit process was slow and prone to human error, allowing risks to go undetected.

The solution

We implemented an AI-powered audit tool for automating transaction monitoring, flagging high-risk transactions in real-time, assessing vendor contract compliance, and tracking employee expenses. It generates real-time reports using risk signatures, improving audit efficiency, fraud mitigation, and compliance.

Measured impact

40%

Faster audit-to-report cycle time,

5x

More precise targeting of high-risk transactions,

90%

Reduction in manual audit workload