The Four Step FCPA Compliance Checklist
We entered a new phase in the fight against corporate bribery on June 21, 2022, when the UK company Glencore admitted to bribery after an investigation by the UK's Serious Fraud Office (SFO). The company also recently pled guilty in bribery investigations of several other countries including the...
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 FCPA compliance. We are sending in auditors to assess the situation.”
AI Corporate Expense Management | How AI Can Uncover Hidden Expense Fraud
Staying ahead of fraud in the corporate world can be a challenge. Expense management is one of the most easily defrauded systems in a corporation. Utilizing AI to combat fraud is an increasing necessity in an evolving world.
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.
