Case Study: Large International Offshore Drilling Company reduces P-Card risk and saves millions with Alessa by Tier1 Financial Solutions

Alessa for Purchase Card Monitoring

Large International Offshore Drilling Company, a global offshore drilling operator with nearly two dozen offices, more than 50 rigs, and over $5 billion in annual revenue, needed better oversight of its purchasing card program. Manual reviews covered only a small percentage of transactions, making it difficult to catch fraud, policy violations, and out-of-policy spending across a highly varied workforce and frequently changing employee roles. Alessa, by Tier1 Financial Solutions, was brought in to help monitor P-Card activity.

Alessa, by Tier1 Financial Solutions, implemented a continuous controls monitoring platform to automatically review all P-Card transactions, apply rules-based policies, and integrate HR data to flag exceptions. The solution uncovered more than 85 risks and, in an initial focus on 20 key risks, identified nearly $30 million in anomalies, including $20 million in elevated card liability, $7 million in transaction splitting, and $1.5 million in personal purchases. It also found terminated or on-leave employee spending, inactive employee cards, and unpaid personal purchases, helping the company reduce card limits, improve compliance, and prevent tens of millions in future losses.