Oversight Systems identify fraud, misuse and errors in business transactions and master data files for some of the world’s largest companies and institutions.
Oversight’s Continuous Transaction Monitoring software is capable of processing and comparing data across multiple and often disparate systems. Oversight harnesses powerful analytics which excel at finding problems and add real value by offering an investigator’s workbench for identifying and fixing problems. This process drives users to efficiently correct exceptions and provides management with actionable information for continuous financial and operational improvement. Customers typically find their annual return on investment to be between 45 and 60 days.
Designed specifically for heterogeneous environments, Oversight consolidates transactional detail into a common data model with robust audit trail features. Integrity Check™ libraries – pre-defined, customizable best practices modules – then precisely identify potential problems in the following areas:
- Card Spend and T&E
- Accounting & Reporting
- HR & Payroll
Oversight’s intelligent workbench, dashboards and reporting streamline problem resolution. Analysis results and remediation efforts are stored automatically in a data warehouse, which enables long-term performance management, as well as simplified documentation of regulatory compliance.
Rapid Deployment Solutions
Oversight Systems now offers four of the most popular Continuous Analysis applications in a new Rapid Deployment Solution (RDS) format. These streamlined versions carry no up-front costs, are rapidly deployed and typically deliver a full return on investment (ROI) in as little as 4-6 weeks following implementation. As a result, they represent an exceptional value for organisations seeking an introduction to Oversight’s proven benefits.
Assured Best Price RDS ensures that every purchase, not just the most expensive, comes at the best price possible. Real-time predictive analytics deliver plain-language alerts to purchasing managers whenever an opportunity for savings presents itself. Supervisors are notified when a vendor relationship needs to be renegotiated, or when fraudulent activity is taking place.
Unusual Purchasing Behavior RDS generates real-time, plain language alerts when potentially fraudulent purchasing activity appears – even across global organisations using disparate financial systems. These intuitive, actionable insights help managers act before cash is disbursed or the organisation is exposed to financial or legal liability.
Purchase Card Program Risk RDS profiles improper or fraudulent purchase card transactions before payments are disbursed. This real-time solution helps enforce proper vendor/organisation relationships and correct duplicate or incorrect vendor descriptions within the purchasing system.
Payment Fraud Alerts RDS automatically analyses every purchasing transaction to identify duplicate, improper or fraudulent payments before payments are disbursed. This real-time solution also helps enforce proper vendor/organisation relationships and correct duplicate or incorrect vendor descriptions within the purchasing system.
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