A procurement monitoring that prevents revenue loss from fraud, abuse and waste >
Gain control of your expenses
Alessa offers a transaction monitoring and fraud detection platform that prevents revenue loss from fraud, abuse and waste in expense and procurement programs. Designed for public and private institutions of all sizes, it is configurable as an end-to-end enterprise solution or as a modular solution for comprehensive:
- Purchasing card (P-Card) monitoring
- Travel and entertainment (T&E) expenses monitoring
- Anti-bribery, anti-corruption (ABAC)
- Vendor risk management
- Materials management
How Alessa helps reduce costs and losses in procurement cycles
Know who you are doing business with and whether you should do business with them
Monitor all transactions and actively block suspicious activities for investigation
To detect complex fraud schemes across departments and systems
Realistic assessment of risks based on entity profile and activity that is configurable
Configurable workflows and case management tools for investigations and remediation
Quickly evaluate program performance and identify sources of revenue leakage
Detect fraud, misuse and abuse
Avoid costly investigations and prosecutions by detecting potentially fraudulent behavior and transactions in P-Card, travel and entertainment (T&E) and other procurement and expense management processes. Use data to build program-level metrics and detect waste and abuse such as elevated liabilities, out-of-policy purchases, use of non-preferred vendors and more.
Prevent improper payments
Immediately detect fraudulent, erroneous or duplicate payments and avoid business transactions with unapproved or potentially duplicate vendors.
Eliminate cost-recovery services
Identify and resolve control failures as they occur, eliminating reliance on post-recovery audits and cost recovery services.
Protect against vendor risks
Use real-time screening during onboarding and continuous vendor screening against sanctions and internal lists to avoid doing business with risky vendors. Develop vendor profiles, enforce vendor selection and usage policies, and implement fraud detection analytics.
Vendor Risk Management: New search features pinpoint risks and fraud quickly
Users can now search more data sources and find more relevant data quickly when assessing the risk of customers, vendors and transactions.Read about new features
Procurement Monitoring for Drilling Company
Learn how this company found millions in elevated liability, transaction splitting, personal and out-of-policy purchases, and charges to inactive cards.Read more
Kalpataru Group - Procurement Monitoring
Read how this conglomerate is continuously monitoring all purchasing activities and providing value across three companies within the group.Read more
Ready to learn about how Alessa can help your organization?
Get in touch to learn more about how Alessa can specifically help provide solutions for your organization.