The Rise of Procurement Fraud
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Transcript of The Rise of Procurement Fraud
The Rise of Procurement Fraud
29% of organizations worldwide have been victims of procurement fraud
PwC
blurgroup.com
40%Approximate percentage of total global claims pertaining to procurement fraud.Chubb Group
52%Percentage of companies, worldwide, who have invested in staff training on procurement fraud & implemented whistle blower hotlines.
Kroll
$42bThe estimated amount lost to procurement fraud nationwide every year in the US.
Department of Defense, Inspector General
£2.3bEstimated annual
loss due to procurement fraud
for the UK government in 2013.National Fraud
Authority
$2.9 trillionThe potential global loss due to
procurement fraud.
Association of Certified Fraud Examiners
Percentage of the Chartered Institute of Purchasing Managers that think
procurement fraud poses a significant threat to their
organizations.
Of all reported types of fraud are related to procurement fraud... making it the second most
common type of economic crime.PwCEuropean Commission
Report
How to reduce procurement fraudCIPS, Global Procurement Fraud Advisor
Since 2010, blur Group has been helping enterprises worldwide eliminate waste and inefficiency in their procurement process.
Our customers use blur's Platform to manage spend and immediately address key procurement challenges including tail
spend, supplier relationships and ecosystem development. Strategic sourcing, SOW creation, project management and
payment processing become manageable through one single system.
Leading multi-nationals including GE, Solvay, Argos and Danone trust blur's global marketplace of 65,000 vetted service providers to buy everything from marketing to technology and professional
services.
US 1 (855) 702-8794INT +44 (0) 800 048 8644
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