Data Collection and Integration
The system efficiently gathers and consolidates data from multiple sources to enhance the detection of procurement fraud and corruption. Key sources include:
Internal ERP systems. Seamless integration with your organization's ERP system ensures access to crucial procurement data, such as contracts, purchase orders, and supplier information.
External data sources. The solution connects with external platforms like e-Bidding and public procurement databases, providing a comprehensive view of material pricing and trends.
Supplier data: Red Flags Management can be integrated with data providers like LexisNexis or Dun & Bradstreet to collect and analyzes supplier performance data, financial information, and other relevant metrics to identify potential risks and assess supplier reliability.