Executive Briefings

Few Use Analytics to Mitigate Supply Chain, Financial Fraud, Poll Finds

A large percentage of companies continue to experience supply chain fraud and many of those may not be doing enough to address the problem, according to a new survey by Deloitte.

Few Use Analytics to Mitigate Supply Chain, Financial Fraud, Poll Finds

The consulting firm polled more than 2,600 professionals, finding that for a third consecutive year about 30 percent of them said their companies experienced supply chain fraud, waste or abuse in the past year.

Project managers and invoice approvers (26 percent) and procurement professionals (24.7 percent) present the largest risk of fraud, the survey found.

However, only 29.3 percent respondents use analytics to mitigate supply chain fraud and financial risks, with two-thirds (67.1 percent) saying they are confident employees will report any scams they see in the coming year.

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The consulting firm polled more than 2,600 professionals, finding that for a third consecutive year about 30 percent of them said their companies experienced supply chain fraud, waste or abuse in the past year.

Project managers and invoice approvers (26 percent) and procurement professionals (24.7 percent) present the largest risk of fraud, the survey found.

However, only 29.3 percent respondents use analytics to mitigate supply chain fraud and financial risks, with two-thirds (67.1 percent) saying they are confident employees will report any scams they see in the coming year.

Read Full Article

Few Use Analytics to Mitigate Supply Chain, Financial Fraud, Poll Finds