SPSS Business Solutions | Fraud Detection and Prevention

Manage Compliance and Detect Improper Payments

With the complexity of today’s organizations, it’s easy for honest mistakes to occur. Not all mistakes are honest, though. For that reason, recent legislation passed in the U.S. and elsewhere mandates stiff penalties when organizations fail to detect fraud, non-compliance, and other activities, such as improper payments.

Predictive analytics solutions from SPSS Inc. help you detect and control these activities. Our solutions uncover patterns and anomalies so that you can identify unusual activities and take appropriate action

With SPSS solutions, your organization can:

Analyze hundreds, thousands, or millions of cases
Build multi-dimensional profiles incorporating many different characteristics
Use clustering and association techniques to group common behaviors and highlight “outliers” or unusual behaviors
Incorporate data from standard databases with other sources, such as text, Web, and survey data to improve model accuracy

Compared to rules-based methods, predictive analytics solutions help you more reliably identify unusual activities, such as those associated with improper payments. Using SPSS solutions, you can sift through large volumes of records and isolate cases that require targeted investigation—and enjoy a higher success rate—cost effectively.

SPSS solutions also enable you to “close the loop” by providing information about outcomes back into your models. This means your models can automatically adapt to changing patterns in suspicious activities.

Learn more about how predictive analytics help organizations improve their effectiveness.

And see how SPSS data mining, text mining, survey research, and statistical technologies support improved tax collection.

Read customer stories and white papers describing how SPSS solutions can help you manage compliance and detect improper payments.