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Postings from the India IDEA data Analysis software users group

Description

This forum will contian tips from the India IDEA Data Analysis Software Users Group. If you are interested in joining them you can find them on google groups at http://groups.google.com/group/idea-data-analysis-software-users---india

Anti-Bribery and Anti-Corruption Analytics - Transactions with Black-Listed Countries

Hi All,

One of the key tests for anti-bribery and anti-corruption analytics is to identify any business transaction with entities in black-listed countries.

So if we match our database of cross-border financial transactions with the Financial Action Task Force (FATF) list of "Non-Cooperative Countries or Territories" (NCCTs); i.e., countries perceived to be non-cooperative in the global fight against money laundering and terrorist financing we can identify potential transactions with such countries.

IDEA can play a very useful role in this regard.

Duplicate Vendor Invoice Match in IDEA - Raise the Bar

Hi All,

While performing an exact (same) Duplicate Key Detection in IDEA on the fields Vendor Code, Vendor Invoice Reference and Vendor Invoice Amount in IDEA you may not receive any cases of potential duplicates owing to standard controls in the user Procure to Pay (P2P) application.

However, let us envisage a case where Vendor Invoice Reference 'a b-c/56-u' is booked again as 'ABC56u' against the same Vendor with the same amount, this case would not get detected directly through an exact (same) Duplicate Key Detection.