Recent government accountability reports reveal massive, widespread losses due to fraud, waste, and abuse – requiring all public sector organizations to take specific measures to ensure program integrity.
By shifting the fraud paradigm from detection to prevention, agencies can actively protect the government and taxpayers from fraud, waste, and abuse through verification, authentication, and risk assessment. Dun & Bradstreet helps agencies implement a disciplined approach to upfront vetting and due diligence that requires a combination of new technologies and methodologies, including:
Agencies responsible for loan and grant management are bound by stringent transparency, oversight, and accountability standards. This heightened emphasis on program integrity strengthens government programs; yet, in order to meet accountability expectations, agencies must improve the quality of inputs, systems, and processes that support data collection and management.
Dun & Bradstreet helps government organizations meet accountability standards by enabling precise tracking of business loans and grants. By matching agency entity data with Dun & Bradstreet's robust business entity identification numbering system, the Dun & Bradstreet D-U-N-S® Number, agencies can significantly improve data quality and reliability.
Agencies that handle large loan programs have long struggled to collect the necessary data and put in place the information systems, analytical models, and technical processes necessary for robust risk management. Without the right tools and data, agencies are vulnerable to fraud, cascading defaults, and other risks that could undermine their missions – while jeopardizing significant segments of the economy and taxpayer dollars.
Agencies can mitigate risk in their loan portfolios and better evaluate who is receiving government funds with Dun & Bradstreet's risk mitigation best practices. Strengthen your agency's accountability, reduce risk, and drive better outcomes throughout the entire loan and grant management process:
Through the world's largest database of global businesses – public and private, small and large – agencies can access the deep insights needed to understand the qualifications and risks in business relationships. Dun & Bradstreet improves program integrity and adds precision to processes for managing the use of government funds: