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.

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