Reduce Improper Payments and Enhance Fraud Detection and Prevention to Improve Fiscal Responsibility

The Informatica Solution for Improper Payments

Payment data in the federal government is fragmented across disparate systems and agencies. The growth in this data increases rates of error and variation in the identity information associated with records. As a result, fraudulent activities and capabilities have become more pervasive and sophisticated.

To minimize the incidence of improper payments by the government, President Obama signed The Improper Payments Elimination and Recovery Improvement Act in January 2013. This law established the Do Not Pay Initiative, requiring agencies to take additional measures to reduce error rates and detect fraudulent activities before payments are made.

To comply with the law and improve fiscal responsibility, organizations need to collect spending data, ensure its reliability, and widen the deployment of fraud detection technologies. Deploying technology that provides this access reduces fraudulent and improper payments and provides unparalleled insight into government efficiency.

The Informatica Solution for Improper Payments in Federal Government

The Informatica solution for improper payments in federal government can save money by making government work better. This comprehensive solution for improper payments addresses the most common problems that plague agencies and result in significant financial loss—including high error rates and waste, fraud, and abuse. It empowers government organizations with preventive control and transparency into their fiscal processes

With this solution for improper payments, you can:

• Increase efficiency by proactively alerting data and financial analysts to potential errors, fraud, or suspicious activity
• Improve decision making by increasing data quality
• Boost productivity by discovering relationships and gaining a holistic view of entities
• Improve insight, accuracy, and discovery by integrating all data sources
• Deliver operational intelligence used to correlate payment events across the enterprise

Key Capabilities of the Informatica Solution for Improper Payments in Federal Government

The Informatica solution for improper payments in federal government provides operational insight, enables the discovery of obscure relationships, and promotes accountability and fiscal responsibility. Unlike other improper payment offerings focused on recovery after the fact, the Informatica solution for improper payments is based on a preventive control model that stops improper payments before they happen. Using its advanced identity matching, pattern detection, and real-time alerting, organizations are empowered to enhance fiscal stewardship and protect against waste, fraud, and abuse.

Based on a single, comprehensive platform, the Informatica solution for improper payments in federal government features the following capabilities:

Reduction of waste, fraud, and abuse

• Classification of data to find patterns and associations of groups of data elements
• Calculation of statistical parameters to identify outlying transactions that could indicate fraud
• Discovery of obscure relationships and resolution of identities through advanced linking, search, and match
• Right-time response to end users across multiple channels when errors or suspicious activities are detected

Prevention of errors and improper payments

• Joining of different data sources to identify inappropriately matching values
• Stratification of numeric values to spot unusual elements
• Delivery of operational intelligence used to correlate events across the enterprise