Procurement Cards

In the current economic and political climates, it is ever more important for organisations to have the right means by which they can be seen to be protecting
their business from risk. One such mechanism is to ensure there is
adequate accountability and transparency in procurement
card expenditure.

Our Corporate Procurement Card Profiler (CPCP) is a specialist,
hi-tech, counter-fraud and risk application that can be used to
provide a range of procurement card related assurance services:

Procurement Card Usage Governance

Do you need help in identifying fraudulent, inappropriate or unusual
uses of your organisation's credit cards, fuel cards etc.? Are you
sure that your procurement card expense policies are adhered to?
Whilst your card provider will minimise the impact of external fraud,
our technology will help you spot internal issues.

Duplicate Expenses and Payments

Do you know if you are paying the same expenses more than once? Our technology can help you compare your procurement card data with your accounts payable data to see if there are deliberate attempts to submit supplier invoices for goods or services that have already been paid on a procurement card. Any recoveries of such duplicate payments can be classified as savings to the organisation.

Anti-Corruption and Conflicts of Interest

Do you know if there are any unknown links or relationships between your authorised cardholders and your suppliers? Our technology can help perform a due diligence review on your procurement card data and crossmatch with other systems to see if there are any undisclosed risks to your organisation.

Anti-Money Laundering

Every organisation has a need to protect its reputation and consequently has a requirement to be aware of, and use, external sources of valuable information so that they know who they are doing business with. Our technology can assist you in analysing procurement card data and crossmatching against a number of recognized "watch lists".