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FCPA Procure-to-Pay Travel & Expense Purchase Card

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

on March 19, 2015

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 offered on the company’s website. Since March 2014, Oversight has published nearly 100 blog posts, the topics running the gamut from fraud prevention, ensuring FCPA compliance, business & financial best practices, data analysis, and automating transaction monitoring.

Oversight Insights On Demand™ leverages 12 years in the expense analytics/audit space to bring best practices to you to help detect fraud, waste, and misuse in Travel & Expense, Purchase Card, and Procure to Pay programs. The Oversight blog is just the “tip of the iceberg” so-to-speak in the knowledge and expertise we provide to our customers.

Over the next few weeks I’d like to highlight a few posts from the past year, in the hope of emphasizing topics that you should read but may have missed. To start you off, here are the 5 best Oversight posts on how automating transaction analysis can strengthen any compliance process.

Compliance: An Ounce of Prevention is Worth a Pound of Cure- Often the cost of an effective compliance program are significantly smaller than what an FCPA fine, reputational damage, and legal fees turn out to be for those who don’t follow business policy.

The Software Guy’s Perspective on Compliance – This blog asks the question, “What does an effective compliance program look like?” Chris Rossie says,  “I read this question from the perspective of a data analysis software provider and wonder why everyone else doesn’t see the obvious.” Find out more by reading the full blog post here.

The Link Between Blue Ocean Leadership, Data Analysis and Compliance – “Blue Ocean” is a popular leadership strategy to get employees of an organization to “buy in” to the organization’s goals by making them feel as if they have a say in the way the business runs. Many would be surprised to learn that having a successful compliance program also runs in much the same way!

The NFL, Compliance, Ethics and You – In the wake of the Ray Rice scandal in 2014, Oversight Executive Vice President (and Oversight’s resident blog leader) draws parallels between the NFL’s handling of the scandal and how many businesses fail in compliance because they do not align their core business values with their actions.

Avon’s FCPA Action and the Cost of Internal Controls – In many cases, FCPA actions and fines are simply seen as “the cost of doing business”, especially if a particular advantage gained outweighs the cost of the fine itself.

Lauren Bowling

Lauren Bowling works for Oversight and contributes to the Oversight Blog.