FCPA & Travel & Expense | Two Keys to FCPA Compliance with Technology
You’re sitting at your desk when you get a call. “This is Tom from the Department of Justice (DOJ), we have reason to believe your company may be out of compliance to the FCPA. We are sending in auditors to assess the situation.”
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FCPA Compliance Software | Oversight Data Analytics
Today I’d like to talk about FCPA compliance in a more general way. FCPA compliance software is the key to success to ensure risk mitigation, or at least prove due diligence has occurred to prevent compliance violations. The benefit of the software is that it automates the production of FCPA data...
Oversight can detect things you can't detect. You can write the rules the way you need to catch the errors. It is an amazing beast of an application, slicing and dicing everything!
The greatest benefit is being able to catch what we couldn't catch before, but also to have good reporting to show upper leadership. If anyone is thinking about using Oversight, or is unsure, just take a look at it. You'll be amazed!
Some of the biggest benefits we’ve received with Oversight is the change in employee behavior. The more employees we engage and make aware of the policy, the more the exception rate for the employee decreases.
Since using Oversight, we have been able to mitigate risk, see behavioral changes within the company to align with company policy, find duplications, and actually get those corrected before they're fully processed.
We had a small team of people managing the T&E process for thousands of employees around the globe. We could only do spot checks based on certain criteria so we knew we had gaps in our process. But manually reviewing so much data felt like I was trying to swallow the ocean.
The Oversight for Payments product module came with a library of predefined integrity checks. By enabling is to easily identify the root cause of errors, Oversight is helping us develop and implement best practices for our transactional processes.
