with a better browsing experience; allow us to assess, monitor, and improve the website’s
performance; and enable our partners to advertise to you. You may disable the cookies by changing
the settings in your browser, and you may tell us not to share your cookie data with third parties.
The controls used to gauge fiscal responsibility are evolving. Analytics and Big Data technologies are removing the constraints of manual processes and enabling new approaches to financial stewardship. For universities receiving federal awards, this new approach to risk management can help protect existing grants while preserving eligibility for future awards.
FICO® Falcon® Assurance Navigator allows CFOs and CPOs to continually monitor 100% of spend, including discretionary expenses, for indications of non-compliance or abuse. This expanded transaction coverage means organizations can now evolve from partial detection of noncompliant spend towards comprehensive prevention of risk.
FICO® Falcon® Assurance Navigator relies on FICO’s 25 years of anomalous transaction detection experience to deliver a new, data-driven approach to spend control and audit preparedness. The solution applies text analytics, optical character recognition, outlier detection algorithms, and expert rules to continuously monitor all transactions for indicators of non-compliance, excessive spending and fraud.
Specific strategies to comply with A-81 guidelines.
Continuous risk monitoring across the procure to pay cycle.
Comprehensive coverage – evaluate all actions as they occur in the system.
Focused analytics target the transactions and lines requiring review.
Less time spent investigating each case.
Lower overall manual review volume.
Scoring models Auto-update to prioritize repeat offenders.
Custom workflows enable cross-functional review and decisioning.
Elastic search enables ad-hoc monitoring based on user input.
Visualizations demonstrate outcomes and trends over time.
The word “analytics” means different things to different people. Depending on the analytical maturity of your organization, analytics could mean reports on your performance, predictive models or fully optimized analytic decisions.
With their high volume of transactions, universities do not have the staff to manually review 100% of procure-to-pay transactions. FICO® Falcon® Assurance Navigator enables organizations to continually monitor 100% of spend from procuremen...
States and local governments are not resourced to manually review 100% of financial transactions. By definition, sampling means that not all transactions are reviewed. FICO® Falcon® Assurance Navigator enables government entities to contin...
FICO® Falcon® Assurance Navigator is a turnkey approach to identifying improper spending that:
Continually monitors 100% of expenses for indications of noncompliance or excessive spending
Reduces time per case and manual revi...