I’m newer in Process Mining. So, i want to know how can process mining techniques help control public spending? I mean determining the list of expenditures that are at risk of irregularity.
Process Mining uses the power of AI to determine the bottlenecks, risks and inefficiencies in a business end to end process. Based on the logs ingested to the PM we have configure the criteria for such discrepancies. I’ll give you few examples:
In a Procurement to Pay process, suppose 10 % of the Payments have been carried out without approval , the root cause analysis can be done.
We can detect Maverick Buying
In Accounts Payable we can see how much portion Invoices have been paid after the due date and thus incurred any discount loss.
All such Variations can be observed in depth in various formats such as charts, table or even case level (Individual POs, Teams, Invoices) to track them further.