Investigative Data Mining Fixed fee

IDM will review, for example, the purchasing
and procurement procedures for a single
specified organisation, searching for indicators
of fraud within three core databases; the Supplier Master File, Invoice History and Employee records.

Using the Automated Fraud Detection Module (developed by IDM will review, for example, the purchasing and procurement procedures for a single specified organisation, searching for indicators of fraud within three core databases; the Supplier Master File, Invoice History and Employee records.

Using the Automated Fraud Detection Module (developed by IDM D.A.T.A. Solutions Limited), data will be analysed in a series of risk weighted tests specifically designed to identify potential problems.

The results will be prioritised in descending order of risk and exposure to the organisation. In addition to identifying potential areas of exposure and possible collusive practices the review will highlight data integrity issues which would further reduce the effectiveness of purchasing and procurement policies and procedures.

Other functions can also be reviewed depending on the types of data held within the organisation. For example:

payment systems to identify potential duplicate payments
EPOS to compare the data captured by Electronic Point of Sale terminals
insurance data may be analysed to identify unusual trends
tendering systems to identify collusive patterns in the awarding of major contracts.

Prices will depend on the complexity and volume of data and a fixed fee may be agreed prior to conmencement.