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Oversight Blog

Digital Transformation

CFO’s on a Rising Tide of Change

If you’re lucky enough to be in charge of an organization’s finances, you’ve had your share of headaches. Perhaps none have been as pervasive as the l...

Artificial Intelligence Digital Transformation

Is Digital Transformation Dead? Our Thoughts One Year Later

The Reality of Automating Technology Digital transformation has been a buzzphrase for organizations in recent years. In reality, the term has been aro...

Artificial Intelligence Accounts Payable

Accounts Payables Insights in 2021: A 4th Quarter Review

This time last year we talked about the significant shift in the world of Accounts Payable, as the department moves from a processing department to an...

Travel & Expense Artificial Intelligence Digital Transformation

How AI and Machine Learning Can Increase Insights to Overall Spend

The power of Artificial Intelligence (AI) and Machine Learning (ML) is a fascinating, yet controversial topic in today’s world. While listening to the...

Shared Services Outsourcing Week: The Top 4 Topics Discussed

As we come up on 20 months of COVID-19, people are becoming more eager to travel and meet in person. Oversight was a sponsor at the 25th Annual Shared...

6 Things Companies Should Consider for Post-COVID Business Travel

What is the future of business travel post-pandemic? While personal travel and family vacations seemed to come back in full swing this summer, most pu...

Procure-to-Pay Artificial Intelligence Accounts Payable

How Artificial Intelligence (AI)  Can Help Prevent Duplicate Payments

Did you ever pay an invoice twice? Did you ever find out later that you did?  According to the Institute of Internal Auditors, duplicate payments alon...

Three Actions You Should Consider To Combat Excessive Travel Spend

While the world-wide pandemic halted all travel for quite some time, people are slowly starting to conduct business travel again.   

Understanding Your Risk Profile

Benchmarking your risk and capacity to address it are critical first steps in tackling cost control. Over the past 12 months, we have seen a dramatic ...

Five Things to Know Before you Buy a Spend Optimization Platform

Enterprises across the world are quickly adopting spend optimization platforms to automatically analyze 100% of their transactions. Spend optimization...

July Spend Insights Report Depicts State of Business Travel

Oversight continued to observe notable shifts in spend behaviors and trends in the recent months. As the vaccination rate increases, business travel b...

My Ten Craziest Payables Stories

An excerpt from “The Autobiographical Account of the World’s Most Controversial Employee” I have to confess: I’m not the only one living big. Indeed, ...

Spend Risk Examined: CFOs, Spend Optimization, and Shifting Tides in Tech

Oversight released a new episode of its podcast series, “Spend Risk Examined”, which discusses our recent study commissioned by Oversight and conducte...

Spend Risk Examined: Nothing Gets By You Now

Today, we’re continuing season one of Oversight’s “Spend Risk Examined” podcast with an episode focused on Oversight’s role in improving financial pro...

Nothing Gets by You Now

“Nothing gets by you now.”  It’s something you’ll be hearing from us more frequently. It’s our rallying cry. Our stake in the ground. Our promise to a...

My Ten Most Outlandish Expenses

An excerpt from “The Autobiographical Account of the World’s Most Controversial Employee” You see, it’s a common misconception that the world’s most r...

The Growing Financial Risks From Continued Remote Working

In today's economy, many companies are looking for ways to cut costs and be more efficient. This often means having fewer employees or increasing remo...

Detect the Duplicate, Disarm the Risk

Year after year, organizations are losing millions in duplicate payments. Even the world’s most effective AP departments will encounter duplicates at ...

The Value of Identifying the Repeat Offender

Here’s an interesting fact from the Oversight T&E vault:

Oversight Celebrates Women's History Month

For over a century, International Women’s Day has marked a day of celebration and advocacy for women’s rights and equality around the world. It’s a da...

What is Spend Risk?

Risk is defined as exposure to the chance of injury or loss, or a dangerous gamble. For an enterprise organization, risk is not something to take ligh...

Four Predictions for Corporate Spend in 2021

The early months of 2021 continue to prove the uncertainty surrounding COVID-19. While we continue to face questions around its sustained impact, we a...

The Shift Towards Spend Optimization

Most modern finance teams engage in some form of spend management activity, putting either people, audit processes or financial management systems (FM...

Improving Employee Compliance & Policy Awareness to Minimize Spend Risk

Due to the pandemic and the resulting increase in remote work, a great deal of new spend risk is floating around today’s organizations.

Spend Risk Examined: A Culture of Compliance

In the fifth installment of Oversight's "Spend Risk Examined" podcast, Chief Client Officer Nathanael L'Heureux shares the benefits of building a cult...

Spend Risk Examined: Life in the Fast Lane-Crazy Employees Expenses

In the next chapter of our “Spend Risk Examined” podcast, Oversight’s Client Engagement Manager, Beverly Kays, deep dives into the unbelievable things...

Spend Risk Examined: Shifting Tides of Spend Risk During a Pandemic

With 2021 in clear view, we continue to examine the complexities of spend risk in the current environment through our “Spend Risk Examined” podcast se...

Spend Risk Examined: Discussing the Integrated Risk Strategy

As we wrapped up 2020, we announced the launch of our “Spend Risk Examined” podcast series with our first episode, Finance Re-Transformation. Today, w...

Spend Risk Examined: What to Expect from Oversight Podcast Episode 1

Today, Oversight announces the premiere of its podcast series, “Spend Risk Examined,” which will provide insights, best practices and lessons learned ...

November Spend Insights Report Depicts Increase in Spend Risk

Organizations continue to experience notable shifts in employee spending behaviors and trends during the current COVID-19 pandemic and almost universa...

Accounts Payable

The Important Shift to Strategic Accounts Payable

A significant shift is underway in the world of Accounts Payable, as the department moves from a processing department to an essential financial analy...

Accounts Payable

Siloed AP Data? You’re Not Seeing the Full Picture

Payables is the largest spend channel for most organizations. And, organizations recognize the importance of successfully managing this spend with 55%...

The Alice in Wonderland Effect: Employee Spend During COVID-19

Since the COVID-19 pandemic began, organizations continue to see rapid change in employee spend behaviors.

Top 5 Spending Behaviors That Increase Your Company’s Risk

For enterprise organizations, spend risk comes in many forms. Waste, misuse and fraud can result in devastating losses as the cost of these discrepanc...

Five Ways Duplicates in Your Vendor Master Create Risk

If you tried to maintain an Excel spreadsheet of every supplier you'd ever done business with, you would probably wind up with a list that has a few m...

Employee Spend During the Pandemic: What Can Organizations Learn?

As the pandemic grounded enterprise sales teams and business travelers around the country in March, the impact on T&E -- especially on items like ...

Mitigating Spend Risk in Healthcare

For the healthcare industry, spend risk takes a similar form to the typical challenges faced by other sectors – distributed employees are making purch...

Spending Risks Shift as the Pandemic Continues

For enterprises of all sizes, the current global pandemic is resulting in new spend behaviors. In fact, Oversight’s recent Spend Insights Report uncov...

Technology Is Not Eliminating Accounts Payable Jobs. It’s Elevating Them.

When imagining artificial intelligence in the workplace, people sometimes consider a grim future – one where technology replaces us entirely. But AI i...

blacklisted

Managing Blacklisted Vendor Risks with AI

In 2019, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), which administers and enforces U.S. economic and trade sanctions, iss...

Integrated Risk Strategy

The Power of an Integrated Risk Strategy for the Three Lines of Defense

For the organizations seeking to improve the management of enterprise spend risk, a best practice for connecting the three lines of defense has emerge...

How to Minimize Spend Risk During the Global Pandemic

How are companies and organizations adapting to challenges stemming from this global pandemic? For many, the coronavirus outbreak resulted in a sharp ...

Travel & Expense

COVID-19 and Employee Spend: 5 Changes to Plan for Now

While most organizations have business continuity plans in place to navigate crisis situations, the unknowns surrounding COVID-19 and its duration are...

Travel & Expense

3 Ways T&E Spend Can Inform Policy

As recently reported by the Center for Audit Quality, organization leaders must partake in proactive and regular assessments of corporate culture to m...

Digital Transformation

3 Steps to Start your Financial Digital Transformation

Risk transformation is one of the most compelling aspects of your organization’s financial digital transformation. Regardless of where you are in your...

Company Culture

Oversight Named A National Standard Among the AJC Top 2020 Workplaces

The Atlanta Journal-Constitution recently named Oversight a "National Standard of Top Workplaces" for 2020, based on the results of a third-party surv...

Digital Transformation

3 Core Objectives of Digital Transformation of Finance Functions

We’ve been talking a lot about financial digital transformation lately, so let’s take a high-level view of the objectives that drive this change.

Artificial Intelligence Digital Transformation

4 Phases of Digital Transformation

In our blog, “What is Digital Transformation?” we mentioned that despite there being no concrete rules for transforming your organization, there are d...

Digital Transformation

What is Digital Transformation?

Digital transformation is the latest buzzword across nearly every industry. Robotic process automation, augmented reality, virtual reality, and artifi...

Travel & Expense

How AI is Turning the World of Finance on its Head

In the age of digital transformation, the role of the CFO and other finance leaders is changing drastically.

Travel & Expense

Using AI to Reduce Fraud, Waste and Non-Compliance

Virtually all companies struggle with some level of fraud and non-compliance in their organization.

Travel & Expense Account Payable Audit

The CFO’s Finance Transformation Journey

In a recent Gartner survey, 82% of CEOs reported having a digital transformation initiative underway in their business.  What does that mean for Finan...

Account Payable Audit

Controlling Corporate Spend is Not About Expense Report Receipts

For the bulk of enterprises, spend audit is like a visit to the doctor today—symptoms get treated with very expensive medications but the underlying d...

Procure-to-Pay

Overcoming ERP Data Silos to Control Risk

Your ERP system is your system of record and source of truth. You rely on it to control business processes and stop cash leakage. And, you’ve invested...

Travel & Expense

Tax Reform to Bring Big Changes for Business and Employee Expenses in 2019

With the Tax Day deadline just a week away, you can’t escape the buzz of people either celebrating or lamenting their tax returns. It seems you’re eit...

Procure-to-Pay

Accounts Payable Recovery Audit Uses the Wrong Yard Stick

Accounts payable recovery audits are common practice to identify losses that ERP systems fail to catch. But does a recovery approach use the right yar...

Procure-to-Pay Travel & Expense Purchase Card Artificial Intelligence

Fortune 500 Company Improved Compliance and Saved Millions [Webinar]

Where is your risk? For most large, global companies with thousands of employees disbursed across locations, this question is hard to answer.

Artificial Intelligence

Reinventing Leadership for the Age of Machine Intelligence

The rise of deep learning and machine learning are radically changing our relationship to data. For evidence, look around you to see the impact that a...

Travel & Expense Purchase Card Company Culture

12 Most Exceptional Business Expenses of 2018

Frankly, it’s not easy coming up with a short list of the most bizarre business expenses for all of 2018. Oversight analyzes more than $2 trillion in ...

Travel & Expense Purchase Card

7 Ways Naughty Employees Try to Cheat on Year-End Expense Reports

The most wonderful time of year doesn’t just bring lots of nice holiday parties, gifts, and good cheer. Like the Grinch who stole Christmas, it also b...

Artificial Intelligence

How AI-Based Finance Process Automation Systems Continually Improve

As artificial intelligence (AI) continues to advance, there seems to be a growing fear that AI systems will replace humans in every conceivable profes...

Artificial Intelligence

How AI is Elevating Finance Jobs in the Back Office

In a fascinating podcast conversation with futurist and author Mike Walsh, Oversight’s Manish Singh shares his perspective on how artificial intellige...

Procure-to-Pay Travel & Expense Purchase Card Artificial Intelligence

How AI and Reason Codes Can Save Your Company Money

The world of corporate finance is rife with the potential risk for fraud, erroneous payments, and a whole slew of employee behaviors that add up over ...

Procure-to-Pay Travel & Expense Purchase Card Artificial Intelligence

[in]sight 2018 Oversight Annual User Conference Recap

[in]sight 2018 brought together customers from some of the world’s largest, most innovative companies for Oversight’s first-annual user conference at ...

Artificial Intelligence

How CFOs Can Tell the Difference Between Little Fence vs. Big Fence Issues

As any good CFO knows, there are significant risks in corporate finance that require the use of financial systems to monitor issues and prevent them f...

Procure-to-Pay Travel & Expense Purchase Card

Trick or Treat: Frights to Look out for in Your Corporate Spend

Watch out for the kids in costumes on the streets of your neighborhood tonight. It’s Halloween, the one night of the year for plenty of treats and a f...

FCPA Procure-to-Pay Travel & Expense Purchase Card Company Culture

Announcing the 2018 Oversight Customer Excellence Award Winners

From left: Neha Wood and Manish Singh, Oversight Systems; Todd DiPietro, Fidelity Investments; Kimberly Simpson, Fidelity Investments; Karen Irish, In...

Company Culture Artificial Intelligence

The Biggest Challenges to Implementing AI and a Robo-Auditing System

If you’re a CFO looking to improve your company’s processes and save money by implementing a robo-auditor, you might be wondering where to start.

Company Culture Artificial Intelligence

How to Get Started with AI and Robo-Auditing

If you’re a CFO who’s decided to implement a robo-auditing system within your company, the question you’re probably asking yourself is: how do I get s...

Travel & Expense Company Culture Artificial Intelligence

3 Processes You Can Transform with Finance Process Automation

The key to making finance process automation successful at your company is not just the analytics but what actions you take based on that analysis. Yo...

Artificial Intelligence

A CFO’s Guide to Setting up a Robo-Auditing System

Artificial intelligence is making it possible for CFOs to improve their corporate financial systems in ways that once would have been unimaginable.

Artificial Intelligence

What Muscle Cars Can Teach CFOs about Less Restrictive Controls

One common obstacle that stops CFOs from implementing a robo-auditing system in their company is a lack of awareness surrounding the benefits of such ...

Travel & Expense Purchase Card Company Culture

When Employee Back-to-School Expenses Become Corporate Expenses

Now that school is back in session, millions of parents are starting to see their back-to-school purchases show up on their monthly credit card statem...

Artificial Intelligence

AI Makes Corporate Finance More Efficient

For decades, the world of corporate financial systems has been black and white. Auditors’ calculations on Excel spreadsheets were crisp, exacting, and...

Artificial Intelligence

The 4 Types of AI That All CFOs Need to Know About

If you’re a CFO, you’re probably familiar with the concept of using a financial auditing system that incorporates artificial intelligence, automation,...

Travel & Expense

How Real-Time AI Can Fix Employee T&E Spending at the Right Time

The adoption of artificial intelligence systems in the world of corporate finance has many benefits, among them the ability to spot issues before they...

Travel & Expense

5 Reasons Why Human Auditors Can’t Compete with Robo-Auditors

Artificial intelligence is slowly taking over roles once reserved for humans. AI can now diagnose pneumonia more accurately than radiologists. In 20 y...

Travel & Expense

Transforming Repeat T&E Policy Offenders into Model Employees with AI

In this week’s blog, Oversight Systems account manager Stephanie R. Yates-Anyabwile discusses how she works with clients to optimize their travel and ...

Artificial Intelligence

Oversight Announces Keynote Speaker for [in]sight 2018 User Conference

We’re excited to announce that business futurist and author Mike Walsh will be our featured keynote speaker for [in]sight 2018 – Oversight Annual User...

Artificial Intelligence

From Factory to Back-Office: Shaw Industries Embraces AI Automation

For decades, manufacturers have been deploying robots to automate many production and operational processes. But now robots are moving rapidly into th...

Travel & Expense Artificial Intelligence

How Companies Can Avoid Falling Prey to T&E and P-Card Fraud

A once prominent physician fraudulently charges the same trip to Japan to three different employers, including two universities and a private firm. Ov...

Travel & Expense Artificial Intelligence

Harnessing AI and the Power of Patterns to Transform Your T&E Audit Process

Earlier waves of travel and expense (T&E) audit technology largely automated elements of the manual review. For example, audit functionality would...

Company Culture

Oversight Systems Names New CEO

Oversight Systems is proud to announce the appointment of our new Chief Executive Officer, Terrence McCrossan, a technology executive with more than 2...

Travel & Expense

Why Your Expense Audit Process is Broken, and How to Fix It

We’re living in exciting times. Digital transformation has made tremendous advances in how we submit, approve, and pay expense reports over the last d...

Travel & Expense Purchase Card

5 signs it’s time to streamline your T&E auditing process

We have seen a thing or two from working with hundreds of Fortune 2000 companies helping them transform their T&E audit process from a transaction...

Travel & Expense Purchase Card

Survey: Men almost twice as likely as women to cheat on expenses

Men, white-collar managers and staff, and younger employees are far more likely to commit expense fraud, according to new survey of 1,200 business tra...

Artificial Intelligence

Harnessing Artificial Intelligence to Deliver Real-Time Intelligence

As demand for data scientists in audit/Governance, risk management and compliance (GRC), and industry in general, outpaces supply, data science in a b...

Procure-to-Pay Travel & Expense Purchase Card Artificial Intelligence

17 Surprising & Not-So-Surprising Findings from 2018 ACFE Fraud Study

The latest Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse from the Association of Certified Fraud Examiners is full of inter...

Travel & Expense Artificial Intelligence

Forbes: The Robots are Coming to Corporate Finance

When you mention robots, most people think of Star Wars or those car-manufacturing assembly lines where giant, agile machines move heavy parts, make s...

Travel & Expense Purchase Card

3 Places Employees Splurge on the Company Dime

There are two distinct mindsets when it comes to work travel: Business travelers who skimp when someone else is picking up the tab and those who splur...

Travel & Expense Purchase Card

Best Practices for Mitigating Financial Risk in P-Card & T&E Programs

$62.30. That’s the average amount that companies save per transaction with their corporate purchase card programs, according to the 2017 Purchasing Ca...

Travel & Expense Artificial Intelligence

AI is (Already) Transforming Expense Management

Everywhere you look these days, artificial intelligence is changing our world – from self-driving cars to smart speakers like Alexa and Google Assista...

Travel & Expense Purchase Card

The Gift that Keeps on Giving: 12 Ways to Tighten Gift Card Policies

Gift cards can offer a convenient raffle prize for team outings. We see them handed out for a job well done, on special occasions, and birthdays. Unfo...

Travel & Expense Purchase Card Artificial Intelligence

6 Tips for Using Keywords to Detect and Prevent T&E and P-Card Fraud

Whenever details are overlooked, problems arise. As the saying goes, “The devil is in the detail.” This idiom holds true in travel and expense (T&...

Travel & Expense Purchase Card Artificial Intelligence

Beware of Double-Dippers: 9 Scams to Look Out for in T&E Fraud & Misuse

Double dippers are everywhere. They lurk at your backyard barbecue and at your neighbor’s Super Bowl party. You know the type – like George Costanza i...

Procure-to-Pay Artificial Intelligence

Duplicate Invoice Payments: How to Avoid Cash Leakage in Accounts Payable

Duplicate invoice payments occur far more often than most realize, resulting in cash leakage. It’s estimated that companies make duplicate payments at...

Artificial Intelligence

Why 2018 will be the Year of Artificial Intelligence

I first learned about artificial intelligence (AI) sitting in a computer science class at University of California, Berkeley. I was immediately hooked...

Travel & Expense

What 4 Business Travel Trends Mean for T&E Risk Management for 2018

Fueled by a strong global economy, business travel spending is expected to grow by a healthy 6.8% in 2018, according to the Global Business Travel Ass...

Procure-to-Pay

Purchase Order Fraud: How to Identify Red Flags in Procure-to-Pay

Purchase Orders (PO) are a key aspect of maintaining accurate, complete financial records. They serve as an internal control mechanism in the procure-...

FCPA

Part 2: A Primer on the DOJ’s “Evaluation of Corporate Compliance Programs”

In Part 1 of this blog series, we explored how the Department of Justice’s “Evaluation of Corporate Compliance Programs” document can help provide a b...

FCPA

Part 1: A Primer on the DOJ’s “Evaluation of Corporate Compliance Programs”

In February 2017, the Department of Justice (DOJ) issued its “Evaluation of Corporate Compliance Programs” document. Exactly a year later, it remains ...

Travel & Expense

3 Ideas to Help Employees LOVE Business Travel Again

On Valentine’s Day, your Facebook page is bound to be riddled with photos of your coupled friends taking off on romantic getaways to popular destinati...

Travel & Expense Purchase Card

5 Things Missing in Travel Policy

When is the last time you updated your travel policy? Many companies write their travel policy once and then forget about it. Despite the seemingly en...

Travel & Expense

AI is the best thing to happen to your travel program

Artificial intelligence (AI) has recently received a lot of ink regarding the impact the technology will have on the workplace and the jobs we do.

Purchase Card

Split Transactions Can Signal Potential Purchase Card Abuse

Shuffling through the purchase card (P-Card) transactions in most organizations can reveal some strange things. We’ve seen some doozies come across sp...

Travel & Expense

How to Deal with Repeat Offenders of T&E Policy

Every company has a few employees who violate company travel policy repeatedly. It seems no matter how many times you remind them, they repeat policy ...

Travel & Expense Purchase Card Artificial Intelligence

To Fight T&E Fraud and Waste, Focus on Repeat Offenders

When he’s on the road, Joe frequents gentlemen’s clubs on the company dime. Before she leaves on a business trip, Melissa boards her dog and later sub...

Travel & Expense Purchase Card

Don’t be Duped by Duplicate Expenses in Corporate Spend Programs

It’s said, “Good things come in pairs.” In the case of travel and expense (T&E) and purchase card (P-Card) transactions, this bit of wisdom could ...

Procure-to-Pay

Four Keys to Reduce Vendor Fraud Risk

You never plan to have inaccurate data in your vendor master file, but it happens over time. Incorrect and unnecessary vendor data builds up, which ca...

Travel & Expense Purchase Card Artificial Intelligence

5 Things that Make Auditing Expense Reports a Total Pain

Expense report auditing remains a highly manual, difficult process for many organizations. So much so that many just skip it. Aberdeen reports that le...

Travel & Expense

9 Questions to Evaluate your T&E Expense Risk

You’ve probably said it before: “We don’t have a fraud problem.”

Travel & Expense Purchase Card

How to Curtail Costs as Global Business Travel Spend Rises

Spending on global business travel is on the rise and expected to reach $1.6 trillion by 2020. That’s a 23% increase over last year. In the United Sta...

FCPA

The Compliance Oversight Review Committee Matters

Do you need a Compliance Oversight Review Committee? I recently read Thomas Fox’s article in FCPA Compliance Report on this very topic. Fox advocates ...

Travel & Expense Purchase Card

10% of Travelers Commit Nearly all High-Risk Purchases

To uncover fraud, waste and misuse in your company’s T&E program, you need only focus on a fraction of your travelers. Oversight’s third annual Sp...

FCPA

FCPA Enforcement under the New Administration

The potential changes coming to the regulatory landscape can get your head spinning. President Trump has demonstrated that he is ready to make changes...

Travel & Expense

Artificial Intelligence (AI) Can Eliminate Manager Approval of Expenses

Employees and managers have been given many wonderful tools to streamline the expense reporting process. Because of technology, employees have the mea...

Travel & Expense Purchase Card

Bleisure Travel is Here to Stay

Imagine this…you walk out of a business meeting on Friday. Instead of rushing to the airport with your carry-on in tow, you leisurely stroll to your h...

Travel & Expense

Battle of the Sexes: Business Travel Edition

In 2017, most road warriors expect to travel for business about the same amount as they did this year, which is good for business. Business travel imp...

FCPA Procure-to-Pay Travel & Expense Purchase Card

AI Will Transform How We Manage Risks – For The Better!

More frequently we read news alerts about cyber attacks. The scary notion is that the cyber world has become a dangerous arena where most anything goe...

Travel & Expense Purchase Card

Millennials Redefine Business Travel

Millennials now make up the majority of the U.S. workforce and by 2020 will account for 50 percent of all business travel spending. But millennials vi...

Travel & Expense

How are Analytics Changing the Way Companies Detect Fraud & Waste?

Ever heard of the project management triangle? It basically states that whenever you’re building something it can either be two of these three things ...

Travel & Expense Purchase Card

Data Driven Truth: Manual Expense Review is Harming Your Company

Our awesome technology partner, Concur, recently released a study that reveals how manual expense management is harming employees and companies. While...

Travel & Expense

Does Satisfied Business Travelers = More Compliant Business Travelers?

The Global Business Travel Association and American Express Global Business Travel teamed up recently to release a report on overall traveler satisfac...

Travel & Expense

Five Business Travel Fraud Schemes and How Oversight Can Protect You

I got very excited reading this great article, “Five Business Travel Fraud Schemes Tech is Dismantling,” because each of the five schemes mentioned is...

Company Culture: Oversight Spotlight Sue Fleming

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

FCPA

Automate Ongoing Transaction Monitoring - Reduce FCPA Risk & DOJ Fines

We come to you with this whitepaper because of the many recent FCPA violations and settlements large companies have faced since the implementation of ...

FCPA

Major League Baseball and FCPA Compliance Aren’t All that Different

Batter up! As we head into Major League Baseball playoffs, it’s a good time to revisit FCPA compliance. That’s right, I said FCPA compliance.

FCPA Procure-to-Pay Travel & Expense Purchase Card

The Easiest Way to ‘Tone at the Top’

I  love this article by Tom Fox for Compliance Week. In the piece he states that ‘Tone at the Top’, while effective, is one of the most clichéd terms ...

Company Culture: Oversight Spotlight Sarah Zoloth

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

FCPA Procure-to-Pay Travel & Expense Purchase Card

2 Ways Visual Analytics Can Help Your Company Be More Strategic

Recently the Wall Street Journal published an article on how modern companies are using analytics to better assess risk and combat fraud. Although the...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Expense Fraud: Fact or Fiction

I recently read this article in Computer Weekly about making fictional expense claims a thing of the past, and I enjoyed it.

FCPA

If You Find Your Company in Violation of the FCPA

Given that we provide technology for ensuring Fortune 500 company’s T&E programs are FCPA compliant, we like to stay abreast of the latest news in...

Travel & Expense

Can Your T&E Compliance Technology Bring Business Travelers Back in Line?

I know, I know. I’m raising a big question in the title of this blog. I’m asking the question because I recently read an article about how a thoughtfu...

Company Culture: Oversight Spotlight Ashlee Holmes

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

Travel & Expense Purchase Card

Addressing Vulnerabilities in Travel Expense Management

Oversight has spent the last 13+ years analyzing the travel and expense transactions for many of the largest business organizations in the world. Afte...

FCPA

How to Build a Substantive Culture of Compliance

FCPA – we’re talking about it all month long. If you keep up with FCPA news (like we do) you’ll know that creating a culture of compliance is more imp...

FCPA

FCPA Month + Building a Better Program

We’re unofficially calling June “FCPA month” here on the Oversight blog.  But why is FCPA compliance so important? In this piece on The FCPA Blog (whi...

Travel & Expense

How Much is Business Expense Fraud Costing Your Business?

A recent survey of 1,000 business travelers revealed that business travel fraud is costing businesses up to 2.8 billion per year. 

Company Culture: Oversighter Spotlight Julia Versaci

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

The Oversight Shadowing Program

In the past, I’ve talked a lot about how Oversight makes an effort to develop our career skills and present us with opportunities to take on new roles...

Company Culture: Oversighter Spotlight Samantha Dolan

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

FCPA Procure-to-Pay Travel & Expense Purchase Card

The Biggest Reason to Consider Insights as a Service

We loved seeing this Information Week Article by Lisa Morgan on the “8 Reasons to Consider Insights-As-A-Service.” While some of the reasons given are...

Company Culture: Being a Part of the Oversight Family

Today Account Manager, Stephanie Yates, shares a bit about her experience working at Oversight.

FCPA Procure-to-Pay Travel & Expense Purchase Card

If You Only Have 10 Minutes to Learn about Oversight-Read Three Things

When researching what a company is all about online, it’s easy to become overwhelmed by the amount of information available. Particularly with a compa...

FCPA

How Proactive Monitoring Can Save You Millions

Recently, Novartis came to a settlement with the SEC about an FCPA action.  In case you are unfamiliar, the key points of the violation are this: 

Travel & Expense

The Art of Navigating Concur Fusion, Oversight Style

The 2016 Concur Fusion conference was held in Las Vegas, NV at the Venetian Hotel. The week-long event was filled with gatherings related to the most ...

Company Culture: Oversighter Spotlight Hendrik Kriek

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

Travel & Expense Purchase Card

Can Monitoring Card Spend Equal Healthier Spending Habits?

Nearly a year ago a Delaware media outlet published a story on state workers and their astronomical fast food spending. State employees of Delaware ap...

FCPA

Compliance Week Webinar - Q & A with Patrick Taylor

On February18th, Compliance Week held a webinar presented by Oversight’s CEO, Patrick Taylor. In excess of 700 corporate compliance executives registe...

FCPA Procure-to-Pay Travel & Expense Purchase Card

You Can Have It Both Ways with Oversight Insights On Demand™

Some believe that they only have two choices to improve compliance within their disbursement processes:

Company Culture: Oversighter Spotlight Neha Wood

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

Travel & Expense

Get to Know the Insights - Unusual Mileage

Since 2015, many exciting things have happened at Oversight Systems, including the launch of a handful of new Insights in the T&E module. Let’s ta...

Oversight Excels at Promoting from Within

When I started on the Demand Generation team almost two years ago, there was a total of five of us. In the early days of the program it was up to us t...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Oversight vs. Valentine’s Day: 5 Reasons Why You Should Love Us

Whether or not you believe that Valentine’s Day is a money-suck, chances are you’ll buy flowers for that special someone in your life. To cover the ba...

FCPA

Taking Dynamic Steps to Reduce FCPA Risk in 2016

Writing about FCPA compliance and the reduction of FCPA risk is well tread territory on the Oversight blog. It’s also a big topic in the news and on s...

Meet the 2016 Oversight Blog Squad!

Mid-2015 you may have noticed a shift on the Oversight blog: we went from having three regular contributors to six! By doubling the amount of people w...

Travel & Expense

Recapping the Concur Ignite Event

During the week of January 11th, Oversight took part in Ignite, Concur’s annual sales kickoff event. Ignite attendees traveled from all over the globe...

Company Culture: Oversighter Spotlight Jessica Kirk

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

A Better Way to Audit Expenses in 2016

The beginning of a new year is a great time to reflect back on the accomplishments of the previous year. At Oversight, we had a lot of exciting things...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Oversight vs. Thanksgiving: 5 Reasons to Eat Up

It’s that time of year again. You know the one—with the bird and the cinnamon and football. It’s time for friends and family and thankfulness. Unfortu...

Travel & Expense

Oversight’s Top 5 Posts About Why Insights On Demand is for You

With Thanksgiving just around the corner, everyone is likely preparing for a big meal and time off with friends and loved ones. Also around this time ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Oversight Systems Participates in Anti-Fraud Collaboration Webinar

On Tuesday, October 27th 2015 Oversight’s CEO Patrick Taylor participated in a joint webinar with the Anti-Fraud collaboration. The webinar featured M...

FCPA

FCPA Enforcement: A Serious Business

I was recently researching the Foreign Corrupt Practices Act (FCPA) while developing sales material for Oversight's FCPA monitoring solution. While vi...

Travel & Expense Purchase Card

The 9 Spookiest Things We’ve Found in T&E Spend

After twelve years of monitoring over 2 trillion transactions, you can bet we have uncovered a few ghosts and goblins. In fact, some of the charges ar...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Customer Feedback: 3 Reasons Why

During the trial process many of our prospects like to ask us this question: “Why did your clients select you?” This is an excellent question, and whi...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Live Demonstrations: A Trick or a Treat?

For any prospective client, an important step in evaluating the value of Oversight Insights On Demand is taking advantage of our Free Test Drive. This...

Travel & Expense

Sometimes Your T&E Program Can Be a Little Scary

Darkness falls. The hairs stiffen on the back of your neck. Fog ensues. These are familiar horror movie tropes, but I think they can also apply to a c...

FCPA

Oversight FCPA Solutions: NOT a check-the-box exercise, Pt 4- Tracking

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments?” by Thomas Fox. In this i...

Travel & Expense

Recapping the Concur Chicago Event

This month I attended my first conference representing Oversight along with my colleague, Sam Haase. I was able to attend the Concur event at the McCo...

Travel & Expense Purchase Card

Travelers Spending Badly-- Whose Fault Is It?

Coming just after Payroll, T&E is the second largest controllable expense for most companies, and it’s pretty standard practice now for companies ...

Company Culture: Oversight’s Logo Signing Tradition

When entering Oversight’s headquarters, the first thing you’ll notice is a long wall, lined with framed logos representing our customer base. When I s...

Travel & Expense Purchase Card

The Difference Between P-Cards and Corporate Travel Cards

An outsider not in the corporate finance world may have never heard of a purchase card (or “P-Card” for short.) Similar to a corporate credit card, P-...

Big Data Artificial Intelligence

Star Trek…The Next Generation of Business Intelligence

Our approach, and the approach that I believe is the next generation of business intelligence, is what I like to call the "Star Trek" approach. Even i...

FCPA Procure-to-Pay Travel & Expense Purchase Card

The 3 Best Reasons to Take a Test Drive of Insights On Demand

Here are three of the most common objections I hear to people declining the FREE trial of our software.

FCPA Procure-to-Pay Travel & Expense Purchase Card

Who is Your Account Manager, and What Do They Do?

My favorite Arnold Schwarzenegger movie is Kindergarten Cop (Twins is a close second). If you haven’t seen the movie (do so immediately), it’s about a...

FCPA

Want to Learn More about FCPA Prevention? Read these Four Posts

Following up on Julia Versaci’s series on Oversight’s technology solution for FCPA, we would like to highlight additional important FCPA blog posts fr...

FCPA

Oversight FCPA Solutions: NOT a check-the-box exercise, Pt 3- Context

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments?" by Thomas Fox. In this b...

Travel & Expense

Fighting Fraud: Best Practices for Auditing Your T&E Program

It’s no secret that Oversight and Concur go together like Peanut Butter and Jelly (see our white paper on this very subject!) We love being a Concur a...

Travel & Expense Purchase Card

Don’t Skimp on Support for Your Operational Expense Programs

A shocking study by the University of Notre Dame’s Mendoza College of Business has discovered that non-profit organizations make accounting errors at ...

Oversight Company Culture: The Pixar Story Telling Contest

I recently read about an approach to story telling that Pixar uses during the initial creative development of their movies. Former Pixar story artist,...

FCPA

Oversight FCPA Solutions: NOT a check-the-box exercise, Pt 2-Languages

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments? by Thomas Fox. In this in...

FCPA Procure-to-Pay Travel & Expense Purchase Card

After You Become An Oversight Insights On Demand Customer- Part II

Working as an account manager for Oversight Systems, I get a lot of questions from new customers who want to know about the system: Where do we start?...

Travel & Expense Purchase Card

Why We’re Being More Prescriptive With Data Science and Compliance

For a long time, Oversight did things quite differently when it came to helping others monitor their T&E spending for fraud, waste, and misuse. Pr...

Travel & Expense

What Do You Get in a Handful of Marbles?

What happens if you put your hand into a bag of assorted marbles and pull out a handful? Well, there’s a chance that you’ll grab the red ones, but the...

FCPA

Oversight FCPA Solutions: NOT a check-the-box exercise, Pt 1- Risk

Julia Versaci As one of the solution designers for Oversight’s FCPA compliance modules, I keep an eye on the news regarding FCPA to make sure that our...

FCPA Travel & Expense Purchase Card

How to Get Employees Attention When it Comes to Your Spending Policy

On June 23rd I had the pleasure of co-hosting a webinar with Eric A. Sohn, Director of Business Product for Dow Jones Risk and Compliance. The webinar...

Company Culture: The Oversight Blog Squad

  At Oversight, we’re big on promoting thought leadership and sharing cool content via our twice-weekly blog posts. We’re a truly collaborative office...

FCPA Travel & Expense

Oversight’s Two Most Important Rules for Ensuring Compliance

Mike Kenealy, COO of Insiders Integrity, is involved in a project on the Philippines designed to take on ethics at the local level.  The project has f...

Travel & Expense Purchase Card

Is It Time to Take Manager Approval Out of the T&E Loop?

Google the phrase “travel manager” or “travel and expense” and a variety of news articles come up on any given day. It seems like in the last two year...

FCPA

Why Guidance is Missing from FCPA Investigations

The Economist, in its May 9 article, “The anti-bribery business”, takes to task both the US Department of Justice (DOJ) and “FCPA Inc.”  The DOJ is cr...

Company Culture: The Oversight “Lunch and Learn” Program

When I graduated from college and began working at Oversight last year, I wasn’t sure what to expect at my first “real world” job. Thankfully, the exp...

FCPA Procure-to-Pay Travel & Expense Purchase Card

5 Timely Expense Audit White Papers from the Oversight Vault

Oversight’s commitment to furthering thought leadership in our industry is evident in the white papers, reports, and blog content produced for both cu...

FCPA Procure-to-Pay Travel & Expense Purchase Card

The Strength of Keeping Analysis Within the Cloud

I love LinkedIn. I think the reason I love the platform the most is because it provides access to groups full of like-minded individuals in the data a...

Purchase Card

3 Posts on the Importance of P-Card Monitoring

Oversight writes a lot about T&E: how to make travel spending better, easier, and more compliant for businesses. For all our emphasis on T&E, ...

FCPA

A New Whitepaper - What Major League Baseball Has in Common with the FCPA

There have been several high-profile scandals in all sports including doping in track and field, cycling (Lance Armstrong, anyone?), American football...

Travel & Expense Purchase Card

Government Agencies, Adult Entertainment, and Bad Apples

I recently uncovered a super interesting article about an investigation into Pentagon employee’s spending a reported $950,000 at casinos and close to ...

Procure-to-Pay Travel & Expense Purchase Card

Why Everyone Should Be Under the Audit Microscope

The indictment of Washington state auditor Troy X. Kelley is a case study in the inter-connected activities of an alleged fraudster. As we have discus...

Purchase Card

Recapping the 16th Annual NAPCP Commercial Card and Payment Conference

It has been a very busy April for the Oversight sales team, as two of our biggest events, Concur Fusion and the 16th Annual NAPCP Commercial Card and ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Interested in Big Data? We’ve got BIG Blog Posts for Your Business

Each week I’ve been aggregating great pieces of thought leadership we’ve put out on the blog that you may have missed. This week we’re focusing on Big...

FCPA

Oversight CEO Featured on The FCPA Compliance and Ethics Report

Oversight is no stranger to Tom Fox’s blog and podcast The FCPA Compliance and Ethics Report. Having last appeared on the show over a year ago, Patric...

Travel & Expense

Why the Answer Shouldn’t be “No”

My name is Sarah Zoloth—I am team lead for, and a member of, our Demand Generation team at Oversight. This means I have spent most of the last 10 mont...

Procure-to-Pay Travel & Expense Purchase Card

6 Great Posts for Fraud Prevention Month

Did you know that April is Fraud Prevention Month? It snuck up on me too. But it is perfect timing as this week I’m going to highlight some of Oversig...

Purchase Card

Why Purchase Cards Aren’t the Enemy

For someone who happily resides in Georgia, the Dekalb County P-Card scandal with Commissioner Elaine Boyer hit very close to home. (Former DeKalb Cou...

Travel & Expense

5 Take Aways from Concur Fusion 2015

My name is Tyler Davis, and I started at Oversight over a year ago as a DG rep, then became an Account Executive. As one of the newer members of the O...

Travel & Expense

CEO Tells Other CEO’s How to Learn More About Company Business Travel

As the CEO of Oversight Systems, I particularly loved this post on Click Travel about “6 Things Your CEO Wants to Know About Business Travel.” Since O...

Travel & Expense

Oversight’s Top 5 Blog Posts on Travel Spending and Traveler Management

In case you missed it last week, I’m highlighting posts from the past year in the hopes of emphasizing topics you may have missed. Last week I covered...

FCPA

Best of Both Worlds: Why Automated Transaction Monitoring is Better

Recently, I read an article on the Wall Street journal about an SEC official giving a talk on how an effective compliance program can limit FCPA risk ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

What Happens At Oversight After You Become a Customer

My name is Ashlee and I started with Oversight in January 2014. I spent over a year on the Demand Generation team, driving sales for Oversight Insight...

FCPA Procure-to-Pay Travel & Expense Purchase Card

5 Posts on Financial Compliance You Can’t Live Without Reading

When I came on board the marketing department at Oversight Systems, a little over a year ago, I was pleasantly surprised by the wealth of information ...

Travel & Expense

Oversight’s Thoughts on the Top Travel Management Priorities of 2015

Tnooz recently republished a great infographic by Carson Wagonlit Travel compiling priorities within the TMC world from over 1300 respondents. While O...

FCPA Travel & Expense

Transaction Monitoring With Human Intelligence- Is it Possible?

Jonny Frank and Rex Homme do a nice job of succinctly addressing why transaction monitoring is the next “must have” anti-corruption tool (http://shar....

Travel & Expense

Oversight, Data Management, and Spring Planting

I recently conducted an interview with The Company Dime on the value of data management and it reminded me of a story I wanted to share with you. For ...

FCPA

The Risk-Reward Equation for Executives and Compliance Leaders.

Sonny Carpenter, in his Criminal Justice article, “Avoid an Investigation: Automate FCPA Compliance”, makes one of the more succinct and clearly reaso...

FCPA Travel & Expense

Misconduct Tales for the Oversight Vault

I confess to having grown weary of companies in the data analysis and/or compliance business that scream tales of fear, uncertainty, and doubt (AKA, “...

FCPA

What Major League Baseball Has in Common with the FCPA

Reconciling sales strategy with FCPA compliance seems like a difficult task, particularly in high-risk markets that offer the evil twins of big market...

Travel & Expense

The Oversight Recap of Concur Ignite 2015

Oversight had the opportunity to participate in the Concur Ignite 2015 sales kickoff last week in Bellevue, Washington. Concur is a strategic Oversigh...

FCPA

“Good” is Often Better Than Doing Nothing At All When It Comes to FCPA

I just read a great article from FCPAblog.com about how transaction monitoring (what we here at Oversight specialize in) is the new “must have” item f...

Travel & Expense

Expense Management and Transaction Monitoring, the PB&J of Finance

Oversight is excited to present our first white paper of 2015, “Expense Management and Transaction Monitoring, the PB&J of Finance.” Written speci...

Why You Should Take Our Call

Oversight Note: Today on the blog we have our Account Development team lead, Sarah Zoloth to provide a fresh perspective on Oversight’s Insights On De...

Travel & Expense

How to Get the Most Out of Your Concur T&E Program

Recently a prospective customer asked the question, “Since we are using Concur doesn’t it already do everything that your product does?”  One simple a...

FCPA Procure-to-Pay Travel & Expense Purchase Card Concur

Highlights from 2014

2014 has been a great year for Oversight. So great, in fact, that we wanted to highlight 10 moments and relive it all again. What a year!

Travel & Expense Company Culture

Simple Beauty Needed: Technology To the Rescue?

It has always been the thought that technology is supposed to help us do more, and do it better and faster than before. Unfortunately the theory and t...

Purchase Card

When Expense Fraud Happens in Higher Education

Recent problems at the Georgia Institute of Technology (Georgia Tech) in the Georgia Tech Research Institute (GTRI) Advanced Concepts Lab are represen...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Data Rich and Information Poor

I recently read a great article from CFO.com about how Chief Financial Officers can generate more value in their offices. The article gives great tact...

Travel & Expense

Why Asking for Physical Receipts is Old School…and Won’t Prevent Fraud

Original expense receipt requirements are an old school approach to expense control.  In fact, I saw a recent list of the top five reasons why most co...

Travel & Expense

The Most Important Thing You Can Do To Reduce Expense Fraud

I recently uncovered a great Entrepreneur article on five ways to reduce expense fraud. Although we have extensively covered this topic in a few of ou...

Travel & Expense

Managing Traveler Friction with Data Analysis

We don’t talk about the aspects of traveling much here on the blog, but today I wanted to comment on an interesting article on traveller friction. Man...

Travel & Expense

The NFL, Compliance, Ethics and You

Football season is in full swing, and you’ve been living under a rock if you haven’t heard about the widely publicized scandal involving the Baltimore...

FCPA Procure-to-Pay Travel & Expense Purchase Card Company Culture

The Emperor Has No Clothes! Does Your Dashboard?

Have you ever looked at the dashboards in your business intelligence tool and thought….what stunning conclusion am I supposed to see?

Purchase Card

5 Tips for Unlocking Answers Hidden in Your P-Card Transaction Data

Oversight has been hard at work creating a white paper specifically for our customers who leverage purchase cards to manage their corporate spending p...

Travel & Expense Purchase Card

The #3 Problem Lurking in Corporate Travel Programs- MISUSE

A few weeks ago, Oversight announced its first-ever Spend Analysis Report. For this compilation of data Oversight analyzed 10 million transactions, a ...

Procure-to-Pay Travel & Expense Purchase Card

When it Comes to Data- Don’t Spend On a Celebrity Quarterback

It’s the beginning of the National Football League (NFL) season in the US and the Barclay’s Premier League (BPL) season in England.  At the beginning ...

Procure-to-Pay Travel & Expense Purchase Card

The #2 problem lurking in corporate spending programs: Waste.

Last week, Oversight debuted its first-ever Spend Analysis Report, a compilation of data we gathered from an analysis of 10 million transactions. Thos...

Travel & Expense Artificial Intelligence

The Six-Million Dollar Man Meets Business Analytics

I remember as a kid watching the TV show “The Six-Million Dollar Man”; the scientists and doctors got together and made the man “better, stronger, fas...

Purchase Card

Oversight Featured on Pymnts.com Podcast

Oversight recently had the honor of being featured on a podcast for Pymnts.com. Katie Harrison, the Associate Product Director at TSYS, and Manish Sin...

Big Data

You Don’t Have to Win the IT Tug of War

I recently read a great article from CIOonline about the need for a good relationship between the Chief Information Officer and Chief Marketing Office...

Big Data

Leveraging Data Context to Evaluate SEC Football Coaches’ Salaries

Douglas Merrill is spot on in his assessment of the “button effect” with data analysis; the “button effect” being the instance when someone becomes so...

FCPA

The One Tool You Need for an Effective FCPA Compliance Program

In Rebekah Mintzer’s Corporate Counsel article, “Stepping Up Your FCPA Compliance Program”, she quotes experts who accurately point to the positive, a...

Travel & Expense

How To Work With Sharing Economy Companies In Business Travel Market

Expenses software giant Concur is always looking for ways to grow their partner network (Oversight is a partner and offers a connector for Concur cust...

Travel & Expense

Why You Need Automated Case Management

In my previous blog post for Oversight, I detailed how Excel no longer cuts it for expense reporting. In the world of reporting and analysis, Excel is...

Purchase Card

A New Whitepaper - Creating a Culture of Corporate Card Compliance

At Oversight, we wait on pins and needles every other month for the analysis subject experts to reveal the latest white paper. We’ve already brought t...

FCPA

Meet the Newest Industry: FCPA Investigations

I recently read an article on the Foreign Corrupt Practices act has become an industry unto itself, and I couldn’t agree more. With the exorbitant ris...

Travel & Expense Big Data

When it Comes to Big Data Challenges, Improved Reporting Isn’t the Answer

Forrester’s “The Power of Real-Time Insight” survey (done in conjunction with Oversight partner, Concur) is an interesting view of the realities of tr...

Travel & Expense Purchase Card

99 Problems, but T&E Shouldn’t be One

If you keep up with the Oversight Blog, you know there are two things we cite regularly: The Hawthorne Effect, or the phenomenon that employees improv...

Big Data

Big Data for SME’s: One Baby Step at a Time

Enjoyed this blog post by Julien Rio, about his recent presentation at The Big Data and Innovation Conference that small and medium enterprises can, i...

Travel & Expense

Thoughts on the State of T&E Spend

Concur recently released a survey on the state of T&E spend (conducted in conjunction with Forrester Research.) We at Oversight are very excited a...

FCPA

The link between Blue Ocean Leadership, Data Analysis, and Compliance

Tom Fox suggests that “Blue Ocean Leadership” has implications for how Chief Compliance Officers (CCO) and other compliance practitioners can influenc...

FCPA

Walmart’s New List of Compliance Measures

Walmart has become the hot topic in anti-bribery and corruption/FCPA circles.  FCPA professionals, commentators, and other interested parties have com...

FCPA

The Software Guy’s Perspective On Compliance

What does an effective compliance program look like?  CEOs read this question and think about it from the perspective of, “What do we need to do to ma...

Travel & Expense

The Power of Multi-Dimensional Analysis

Consider this scenario: You are a travel program administrator at a Fortune 500 company. You are tasked with managing the travel program, making sure ...

Purchase Card

A New Whitepaper: 2 Secrets to Fighting Company Card Fraud

Oversight has done it again, and we are pleased to announce the debut of our May digital download, “2 Secrets to Fighting Company Card Fraud.”

Travel & Expense

Preventive and Detective Controls

I recently read a great blog on GTI Travel about how strict travel policies are absolutely necessary in order to save money and prevent waste and abus...

FCPA

Thoughts on Walmart’s FCPA Investigation

The big news in the compliance world lately has been the enormous costs associated with FCPA probes and Investigation for Fortune 500 companies. First...

Travel & Expense

The Importance of Benchmarking and the BTN Corporate Travel Index

Back in March, Business Travel News unveiled their annual Corporate Travel Index. 2014 marked the 30th compilation of the average business traveler pe...

Travel & Expense Big Data

How Big Data Can Help You Make Better Business Decisions

I enjoyed this article from Robert Kugel, and thoroughly agree with its premise: that big data and analytics can be leveraged to make better business ...

Travel & Expense

A New Whitepaper - 6 Tips to Reduce T&E Waste

Did you know that behind payroll, T&E is your company’s largest discretionary expense? Travel and entertainment spending can represent as much as ...

Purchase Card

Recapping the 15th Annual NAPCP Commercial Card and Payment Conference

Last week, Oversight Systems traveled to Palm Springs, California to participate in the NAPCP 15th Annual Commercial Card and Payment Conference.  The...

Travel & Expense Purchase Card

Unintended Consequences

Today's cloud-based travel and expense systems have significantly advanced since the days of manual report processing. These modern systems promise to...

Procure-to-Pay Travel & Expense Purchase Card

Why Fraud Prevention Should be Important To Your Organization

Did you know it is National Fraud Prevention month? Since preventing fraud, misuse, and compliance violations in T&E, P-Card and AP programs is a ...

FCPA Travel & Expense Purchase Card

FCPA Compliance Needs More Than PEP Lists

I used to think that for FCPA, Politically Exposed Persons (PEP) lists were “the bomb.” I thought that the lists were both a) required and b) THE key ...

Travel & Expense

More than Just a Report: How Monitoring in Context is Essential

The BCBS of Western New York case study featured in Business Travel News is a nice example of realizing the benefits of “inspecting what is expected”....

Big Data

Insights Needed from Analytics to Drive Frontline Business Decisions

The Future of CIO blog hit the nail on the head with the posting “Predictive Analytics vs. Prescriptive Analytics”, when it raised the key question on...

Purchase Card

The Open Booking Debate

The Beat recently published an opinion-based article entitled, The Business Reality of Open Booking that I thought presented a good opportunity for de...

Travel & Expense

T&E Automated Analytics Make Travel Transactions Cool & Easy

The recent article “How to Make Expense Reports Cool” in Fortune Magazine highlighted insights from the Concur CEO Steve Singh on the future of travel...

Travel & Expense

Open Bookings: Do You Want to Encourage an Empowerment Company Culture?

There’s an important cultural dimension companies should consider for Open Bookings. Do we have (or do we want to encourage) an empowerment culture? O...

Big Data

Want Meaningful Analytics? Focus On Results, Not on the Analytics

I recently read a LinkedIn discussion in the Gartner Business Intelligence & Information Management (Xchange) group that was started by analyst Do...

Travel & Expense

Open Bookings Evolve TMCs’ Thinking & Approach to Managing Travelers

Travel Market Report recently reported on how open booking demands a shift in the thinking of TMCs. With open bookings, travelers have more discretion...

Travel & Expense

Evolving Business Travel Tools Drive New “Trust but Verify” Approach

A recent Fast Company article by Kim Goodwin forecasted what business travel will look like in 2014. The writer keenly noted: “One trend that was abun...

Travel & Expense Big Data

Travel Managers: Don’t Retool IT Operations to Get the Answers You Need

A recent piece in Travel Market Report notes this commentary from Harvard Business School visiting professor Thomas Davenport, Ph.D.: “For travel sell...