[NetEase smart news October 21 news] Coupa Software recently announced that it will acquire Deep Relevance Corporation, which is headquartered in San Francisco, has a platform to detect whether there is fraud in corporate spending.
Coupa develops cloud-based expenditure management software. The company said it plans to apply the artificial intelligence model developed by Deep Relevance to spending data collected from its customer community.
Coupa pointed out that by doing so, the company will create a fraud file based on analysis of aggregated community data from expenditures, purchase orders, and invoices. Then, you can use the appropriate file score to remind the company's internal auditors or finance team to conduct further reviews and actions on suspicious activities.
"The unique application of Deep Relevance to artificial intelligence has enabled us to accelerate our vision of helping customers reduce fraud through Coupa Community Intelligence," said Rauphamed, vice president of Coupa's products. "We are very pleased to work with the Deep Relevance team to apply the most advanced fraud detection algorithms to Coupa's hundreds of billions of dollars in administrative expenses."
Coupa advertises itself as a savings-as-a-service provider, which means it can help customers spend less on long-term use. The company uses a collective bargaining approach to provide customers with a range of corporate services, including Salesforce, Container Store, Box and pharmaceutical company Sanofi. (From: ZDNET Translation: Netease Robot Checkout: Xiaowei)
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