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Oversight Blog

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

How a 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.

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...

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 ...

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 Systems Customer Excellence Award Winners

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

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...

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...

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

17 Surprising (and Not-So-Surprising) Findings from the 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 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 Your P-Card and T&E Programs [Webinar]

$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 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...

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...

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 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 ...

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 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...

Travel & Expense Purchase Card

Spend Analysis Report Vol. 3: 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...

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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...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Artificial Intelligence 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 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...

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 ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

2 Ways Visual Analytics Can Help Your Company Be More Strategic with Your Anti-Fraud Efforts

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.

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 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...

FCPA Procure-to-Pay Travel & Expense Purchase Card

If You Only Have 10 Minutes to Learn about Oversight… Read These 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...

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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 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:

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 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...

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...

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 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 ...

Travel & Expense Purchase Card

The Difference Between P-Cards and Corporate Travel Cards and Why You Need an Audit Tool for All

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-...

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...

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 ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

What Happens 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 When It Comes to 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...

FCPA Travel & Expense Purchase Card

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

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...

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 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, ...

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...

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...

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 ...

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!

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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...

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

A New Whitepaper - 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...

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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...

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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...

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...

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.”

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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 ...

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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...