Aggregate Limits Detection
Written by Michelle Henley
Updated at September 16th, 2024
Table of Contents
Use Case
- Allows for the creation of specific rules for calculating the value or volume of particular transactions over a period of time.
- Proves invaluable for scrutinizing the company's adherence to policies and procedures in cases where controls are absent or insufficient within the source systems.
- Identify and address distinctive risk scenarios that may pertain to the company as a whole (e.g., based on historical issues), the industry it operates in, and/or the geographical region where its business activities are conducted.
| Description | Identification of transactions for a subject where an aggregate limit rule (configured by the customer) is met. Aggregate limit rules combine a period of time, selection of transaction spend classifications/types, and sum of value or volume |
| Domain(s) | Vendor |
| Analysis Type | Context Flag |
| Focus Area | Context Analysis |
| Score Methodology | The aggregate value or volume of transactions |
Default Scoring Criteria
Importance: 4 (default)
Enabled: True (default)
| Risk Result | Default Value | Notation |
|---|---|---|
| Weak | N/A - No rules are configured by default. Rules must be set by user. | |
| Moderate | ||
| Strong | ||
| Auto |
Rule Configuration
To configure a rule for this risk analysis, open the settings page from Risk Analysis Settings → Aggregate Limits Detection (Vendor Domain) and click Add Rule.
The following rule fields are required:
| Rule Field | Description | Settings Options |
|---|---|---|
| Name | Name for the specific rule | Free text |
| Description | Description of the rule | Free text |
| Context Period in Day | The period of time from the spend date for which transactions are considered by the rule | 1 - 365 Days |
| Spend Measure | The measure computed (after rule components are applied) and compared with the Scoring and Automatic Criteria | Amount or Frequency |
Next, click Add A Rule Component.
To set a component, select from the Field and Search Type drop-down lists.
The Value field will appear once a Field and Search Type are selected.
Below is a description of each Field & Search Type and Value available:
| Field | Search Type | Value Type |
|---|---|---|
| Company | Includes OR Excludes | List is populated from customer data* |
| Expense Type | Includes OR Excludes | Checkboxes. Preset list. |
| GL Account | Includes OR Excludes | List is populated from customer data* |
| GL Account Group | Includes OR Excludes | List is populated from customer data*. |
| GL Account Group (Consolidated) | Includes OR Excludes | Checkboxes. Preset list. |
| Payment Method | Includes OR Excludes | Checkboxes. Preset list. |
| Subject Classification | Includes OR Excludes | List is populated from customer data* |
| Vendor | Includes OR Excludes | List is populated from customer data* |
*For values populated from customer data, value lists will not populate if data is not available.
Note: Where multiple rule components are set, they operate only in an “and” manner.
Exclusions
None