Many government agencies, especially those with high capital and service expenditures, experience errors, waste, and/or abuse within the procurement process. When left unchecked, this can amount to a tremendous amount of funds lost over many years.
Infrastructure agencies and departments such as those overseeing utilities, transportation, and energy are particularly vulnerable to lost funds due to the amount of procurement that occurs. Procurement offices will benefit from augmenting internal controls with continuously monitored data and robust data analysis for timely risk detection and prevention that quickly and cost-effectively brings potential risk to the forefront.
By incorporating advanced analytics and artificial intelligence solutions in a continuous monitoring cycle, you can detect anomalies and patterns quickly – and act before it’s too late.
As such, SAS & Public Sector Networks’ Global Virtual Procurement Roundtable seeks to bring in experts to highlight how they can better protect public funds, provide a faster and more effective response to loss-causing events, identify strategies around new-age modern procurement policies, with the overall goal of increasing and effectively increase available funds for investment into citizen services.
Join today to discuss and learn from subject matter experts on a global scale, with representatives tuning in from the US, Canada, EMEA, and more!
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