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Spend Risk Examined: Discussing the Integrated Risk Strategy

on January 05, 2021

As we wrapped up 2020, we announced the launch of our “Spend Risk Examined” podcast series with our first episode, Finance Re-Transformation. Today, we’re excited to share that our second episode, The Integrated Risk Strategy, is now live and ready for listening at info.oversight.com/podcast.

This second episode features insights from Oversight’s Senior Director of Sales, Chris Elliott, about a new best practice for risk mitigation, which involves connecting the three lines of defense -- finance operations, compliance and internal audit.

Traditionally, these three departments operated in siloes, with little interaction or connection. But for leaders in the marketplace today, the Integrated Risk Strategy provides the answer for connecting the three lines and optimizing employee and vendor spend auditing practices.

As explained by Elliott during the episode, “What we’re seeing is that business process quality has largely been automated entirely. It doesn’t require significant human intervention to alert to anomalies, so that means that operators on the finance teams can play a higher-level role for the organization and start to focus in on things that, historically, may have been very retroactive and owned by a team outside of finance altogether.”

Episode 2 of the “Spend Risk Examined” series continues our focus on providing finance leaders with insights, best practices, and lessons learned to disarm risk and elevate the role of finance. This first season includes diverse voices and perspectives from the Oversight team about the intricacies of spend risk for enterprise organizations.

You can subscribe to “Spend Risk Examined” and listen to Episodes 1 and 2 today at info.oversight.com/podcast or on your preferred podcast streaming service. Also, stay tuned for Episode 3, “The Shifting Tides of Spend Risk During a Global Pandemic,” with Oversight’s VP of Product Management, Jon Lawrence. It’s scheduled to air January 15.

Jill Winkler

Jill Winkler is the Product Marketing Manager at Oversight.