Oversight Blog

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. Uti...

Employee Purchase Cards, or P-Cards, are work credit cards that allow employees to make smaller, routine purchases. P-Cards can lower operational cost...

Organizations around the world lose approximately five percent of their annual revenues to financial fraud, according to a survey by The Association o...

One of the most effective and intimidating advancements in finance is the adoption of artificial intelligence (AI)  to transform the industry with str...

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...

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

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

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...

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, ...

“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...

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...

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

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...

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...

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

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

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

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...

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...

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

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

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

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

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

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...

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

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

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

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

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

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

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

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.

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

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

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

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...

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...

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...

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

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...

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

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

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

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...

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...

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...

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

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

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

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

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...

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

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

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...

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...

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

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...

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...

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...

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...

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...

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

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 ...

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

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

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...

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 ...

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...

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

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

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...

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...

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...

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...

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 ...

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

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

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

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...

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

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.

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 ...

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

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...

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...

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...

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 – 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...

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...

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

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...

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...

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...

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: 

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...

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...

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...

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...

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...

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...

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 ...

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

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

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...

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...

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...

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...

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...

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

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...

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-...

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...

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

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...

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...

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...

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

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

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?...

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...

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...

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...

  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...

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...

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...

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...

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...

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

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...

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, ...

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

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

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...

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 ...

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...

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...

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...

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...

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...

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...

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...

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...

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 ...

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...

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 ...

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

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....

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 ...

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

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, “...

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

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

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...

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

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...

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!

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

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...

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...

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...

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...

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...

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

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

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

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 ...

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

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...

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

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...

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

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...

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...

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...

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...

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...

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...

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...

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

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

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...

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.”

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...

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

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

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 ...

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

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

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

since fraud prevention, misuse, and compliance violations in T&E, P-Card and AP programs are a main component of our web-based application, I thou...

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”....

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...

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

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...

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...

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

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

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...

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