The customer is a leading Pharma company based in New York, with a valuation of over $25 Billion and a headcount of over 20,000.
The organization had been investing significant time addressing business disruptions caused by fraudulent vendor transactions. Fraudulent transactions impact the supply chain in the following ways:
Brillio implemented an AI powered – Real Time Vendor Transaction Anomaly Detection solution that is able to identify potential fraudulent vendor transactions and profiles in near real-time, thereby enabling rapid intervention. This solution also quantified risks associated with adding new vendors, which tend to bring more risk exposure.
The four pillars that form the crux of this AI Solution are as follows: –
1. Audit Execution
2. Continuous Tracking
4. Automated Model Refresh and Maintenance
The AI-powered fraud detection solution enabled:
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