Artificial Intelligence (AI) and Cognitive Related Services to Enhance the Review of Expenses

Artificial Intelligence (AI) and Cognitive Related Services to Enhance the Review of Expenses

Artificial Intelligence (AI) and Cognitive Related Services to Enhance the Review of Expenses

The World Bank Group (hereafter referred to as “WBG”) includes the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). WBG provides travel services for Executive Directors, Advisors, Alternates, WBG staff and their families, consultants, visitors and various program participants.

Established in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions.

Travel is one of the largest components of the World Bank Group’s (WBG) administrative budget and business travel is an integral part of the WBG operations. WBG provides travel services for Executive Directors, Advisors, Alternates, WBG staff and their families, consultants, visitors and various program participants. PCard is also widely used for expenses, in both Washington DC and country offices across the world.

The purpose of this RFP is to hire a vendor to provide a third-party assurance solution to assist with fraud detection and policy control on expenses, particularly travel reimbursements, PCard charges and business-related expenses paid ‘out of pocket’ by staff. The solution must leverage Artificial Intelligence (AI), Machine Learning (ML) and Cognitive methods to reduce incidences of false positives and identify patterns and behaviors including duplicates, fraud, patterns of abuse/misuse, non-compliance with policies and other ineligible charges for additional review.

The solicitation may be obtained by sending an email to the designated Category Manager, referencing the following information:

1. Solicitation Number

2. Company Name

3. Contact Person Name and Title

4. Address

5. Telephone Number

6. Fax Number

7. Contact’s Email Address

A copy of the solicitation will be sent to organizations that have replied to and are eligible to receive this advertisement. All requests and questions regarding this solicitation shall be directed to the following designated Corporate Procurement Category Manager(s):

Roman Majtan at rmajtan@worldbank.org (mailto: rmajtan@worldbank.org ) and

Narayanan Ramesh at nramesh@worldbank.org (mailto: nramesh@worldbank.org )

The WBG reserves the right to publicly disclose contract award information, including but not limited to, name of company receiving the award, brief description of services, and contract award amount, for any contract award valued over US$250,000. Offeror’s proposal and contractual documents will remain confidential and therefore not subject to disclosure.

The World Bank reserves the right to reject any or all responses without recourse.

CLOSING DATE AND TIME: MARCH 1, 2021 @ 6.00 PM EST

  • To help us track our procurement effort, please indicate in your email where (ngotenders.net) you saw this tender/procurement notice
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