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

Sign in

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

3AI Digital Library

Anomaly Detection

3AI 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

  • ISRO Regional Academic Centre for Space at IIT-BHU

    IIT-BHU director Prof P.K. Jain said that the RAC-S will act as a major facilitator for promoting space technology activities in the states of Uttar Pradesh, Madhya Pradesh, and Chhattisgarh. VARANASI: The Indian Space Research Organisation (ISRO) will set up its Regional Academic Centre for Space (RAC-S) at IIT-BHU here. A memorandum of understanding (MoU) […]

  • Infosys shifting from IT services to hyper automation and analytics

    Infosys is preparing for the AI revolution, a shift from IT services to hyper automation and analytics IT major Infosys has been making progress in exponential technologies such as Artificial Intelligence (AI), a significant shift from the usual IT services. This has been further accelerated by the lockdown and subsequent need to adopt AI and cloud based […]

  • Lessons in Failing to Apply Blockchain to combat C19

    This year 2020 has seen quite a variety of exciting developments in the blockchain space. To name just a few: the emergence of decentralized finance (DeFi) and non-fungible tokens (NFTs) as major economic forces and sources of crypto network user tractions, the maturation of layer 2 Ethereum solutions and the rollout of a variety of […]

  • The Dynamic Duo of AI and Data: Unlocking Intelligent Solutions and Powering Future Capabilities

    Featured Article: Author: Manoj Suryadevara, Walmart Global Tech Introduction  Artificial Intelligence (AI) and data convergence have emerged as a mighty force driving innovation and reshaping industries worldwide in this digital age. AI enables machines to simulate human-like intelligence while data fuel AI algorithms. This symbiotic relationship between AI and data is at the heart of […]