India's largest platform for AI & Analytics leaders, professionals & aspirants

Sign in

India's largest platform for AI & Analytics leaders, professionals & aspirants

3AI Digital Library

Anomaly Detection

September 6, 2020

Talent Analytics

Problem Statement

  • Expense reports for reimbursement are created under different allowances categories. Expense report goes to pre-pay auditor for approval.
  • Currently, PPA is expected to review all the reports irrespective of the transactional amount.
  • Aim of the study is to identify the rules for outlier reports to reduce workload on pre-pay auditor.

Analytics Led Approach

  • Use analytics to uncover compliance and fraud in internal transactions to enable prepay auditors to improve compliance and reduce loss.
  • Outlier removal based on the  historical approval and rejections patterns of the prepay auditor


Business Impact

  • Patterns identified and new business rules obtained from the analysis.
  • Establish rules to be implemented in the system based on transaction amount, expense type and associate profile.


Critical Success Factors

  • Data process analysis
  • Fraud and rejection pattern formulation
  • Bucketing Expense Report on risk factor
  • Business rule to predict behavior of an expense report

    3AI Trending Articles

  • Salesforce embraces the public cloud with Hyperforce

    Salesforce is letting CIOs choose where they run its software, easing compliance with data protection and data sovereignty laws. Salesforce.com President and COO Bret Taylor believes the SaaS vendor has made “probably the most significant technological shift” since its CRM platform first launched 21 years ago. But Taylor wasn’t talking about the company’s agreement to acquire […]

  • The Best Practices for IoT Analytics

    In most ways, Internet of Things analytics is like any other analytics. However, the need to distribute some IoT analytics to edge sites, and to use some technologies not commonly employed elsewhere, requires business intelligence and analytics leaders to adopt new best practices and software. There are certain prominent challenges that Analytics Vendors are facing […]

  • Redefining Business with Algorithms

    Algorithms will not only drive scores of business processes, but also build other algorithms, much as robots can build other robots. And rather than using apps, future users’ lives will revolve around cloud-based agents enabled by algorithms. Gartner expects that by 2020, smart agents will facilitate 40% of all digital interactions. Organizations will license, trade, […]

  • IIT Kanpur introduces Master’s programs in Cybersecurity

    IIT Kanpur has introduced three new cybersecurity postgraduate programs with intent to to address the need of cybersecurity personnel by ensuring training of dedicated and highly skilled manpower.   With a view to meet the shortfall in trained and skilled cybersecurity personnel in the country, the Indian Institute of Technology, Kanpur has decided to introduce […]