Location History:
- Yorktown, NY (US) (2014)
- Briarcliff Manor, NY (US) (2019)
Company Filing History:
Years Active: 2014-2019
Title: Bruce C. Graves: Innovator in Procurement Compliance
Introduction
Bruce C. Graves is a notable inventor based in Briarcliff Manor, NY (US). He has made significant contributions to the field of procurement compliance through his innovative inventions. With a total of 2 patents, Graves has developed methods and systems that enhance the efficiency and security of procurement processes.
Latest Patents
One of Bruce C. Graves' latest patents is titled "Ranking and tracking suspicious procurement entities." This invention provides an apparatus, method, and computer program product for identifying fraud in transaction data. The method involves receiving invoice data that includes a vendor, a requestor, and various events. It also incorporates public and private data sources to compute a vendor risk score and a requestor risk score. When the active invoice score exceeds a predetermined threshold, the system blocks the invoice data to prevent fraudulent transactions.
Another significant patent by Graves is "Optimizing procurement spend compliance." This invention focuses on managing spend compliance by receiving a set of spend transaction records along with compliance business rules and investment scenarios. The compliance rules are applied to the transaction records to identify segments with high savings opportunities. Ultimately, a prioritized investment plan is generated to yield an optimized return on investment.
Career Highlights
Bruce C. Graves is currently employed at International Business Machines Corporation (IBM), where he continues to innovate in the field of procurement compliance. His work has had a profound impact on how organizations manage their procurement processes, ensuring greater transparency and efficiency.
Collaborations
Throughout his career, Graves has collaborated with talented individuals such as Amit Dhurandhar and Markus Ettl. These collaborations have further enriched his work and contributed to the development of his innovative patents.
Conclusion
In summary, Bruce C. Graves is a distinguished inventor whose work in procurement compliance has led to the development of valuable patents. His contributions continue to shape the landscape of procurement processes, making them more secure and efficient.