Spend Analysis is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring controls and compliance
Fraud is the deliberate deception to get financial gain, and comes in the form of misappropriation, falsification, forgery, omitted disclosures, etc.
Continuous Control Monitoring is the use of automated tools and other technologies to monitor business or financial transactions in order to reduce losses.
What do Capital One, Target and Version have in common? They have all been subjected to massive data breaches along with many other organizations, both large and small.
Suspicious transaction analysis plays a crucial role in the fight against money laundering, terrorism financing, and any other transactions which involves funds derived from illegal activities.