Improve Fiscal Responsibility by Reducing Improper Payments and Enhancing Fraud Detection and Prevention

The Informatica Solution for Improper Payments

For state and municipal administrations, the need to eradicate improper payments is an imperative. Inadequate record keeping, inaccurate eligibility determinations, processing errors, fraud, and the lack of timely and reliable information and documentation all contribute to improper payments. The result is a waste of taxpayer dollars, erosion in the integrity of government programs, and a compromise in the public’s trust in government.

In order to improve their fiscal responsibility, state and local government organizations must collect and display their spending data, ensure its reliability, and broaden the deployment of fraud detection technologies. The challenge in doing so lies in having access to timely and accurate data, regardless of its source or owner. Harnessing the technology that provides this access reduces improper and fraudulent payments and provides unprecedented insight into government efficiency, ultimately bolstering public confidence.

The Informatica Solution for Improper Payments in State and Local Governments

The Informatica solution for improper payments in state and local governments addresses the most common issues that affect agencies and result in massive financial loss—including high error rates and waste, fraud, and abuse. This solution is comprehensive in its approach to improving fiscal processes by reducing improper payments through preventive control methodology and increasing transparency.

With this solution, you can:

• Detect and prevent fraud by recognizing and resolving risks and anomalies and proactively alerting financial analysts to potential errors, fraud, or suspicious activity
• Improve insight, accuracy, and discovery by integrating data sources
• Deliver operational intelligence used to correlate payment events across the organization
• Improve decision making by increasing data quality
• Increase efficiency
• Ensure compliance in reporting and accountability

Key Capabilities of the Informatica Solution for Improper Payments in State and Local Governments

The Informatica solution for improper payments in state and local governments gives operational insight, enables the discovery of obscure relationships, and promotes accountability and fiscal responsibility. Unlike other solutions that focus on recovery after the fact, the Informatica solution uses a control model that prevents improper payments before they occur. With its advanced pattern detection, identity matching, and real-time alerting, agencies are able to improve fiscal stewardship and protect against waste, fraud, and abuse.

The Informatica solution for improper payments in state and local governments is based on the Informatica Platform and features the following capabilities:

Prevention of errors and improper payments

• Delivery of operational intelligence used to correlate events across the enterprise
• Numeric value stratification to identify unusual elements
• Joining of disparate data sources to spot inappropriately matching values

Reduction of waste, fraud, and abuse

• Right-time response to end users across multiple channels when suspicious activities or errors are detected
• Resolution of identities and discovery of obscure relationships through robust linking, search, and match
• Statistical parameter calculation to identify outlying transactions that could indicate fraud
• Data classification to find patterns and associations of groups of data elements