Business Activity Monitoring

Interest in preventing waste, fraud, and abuse runs high in the federal government these days. Yet fraudulent contractors and healthcare providers continue to get paid so financial functions within agencies are always looking for a better mousetrap. For instance, The Association of Government Accountants released a study this May of best practices for scanning large data sets using the latest data analytics technologies for identifying potential improper payments.

Health and Human Services and the Defense Department account for most of the federal government’s annual improper payment tab. The 2011 figure was down a little, to $115 billion, thanks to some concerted agency work and prodding by the Office of Management and Budget. Keep reading →