F500 Construction Supplier Transforms
Audit Process and Improves Compliance
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"With Oversight, we have a tool to transform our audit process, so our team can redirect their time on value-added tasks to run the business."

Brian Friedman, Director, Asset Protection and Chief Security Officer, HD Supply

HD Supply Achieves 100% ROI in less than 6 Months

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Overview

Oversight enables HD Supply to enforce inventory purchasing protocols and travel & expense policy to match its business profile.

Business Challenge

The Fortune 500 company relied on a manual audit process to monitor compliance and uncover theft, fraud, and profit leakage across the company. Their manual process took a great deal of effort and risk was going undetected.

 

Solution

HD Supply transformed its audit and risk mitigation process by implementing Oversight Insights On Demand, eliminating the need for the team to spend hours searching for issues. Powerful reporting, dashboard, and integrated case management capabilities enable the team to detect and resolve high-risk cases much more effectively.

 

Results

  • Immediately identified potential duplicate procure-to-pay transactions totaling more than $3 million dollars
  • Stopped or recovered more than $170,000 in duplicate payments within six months of implementing Oversight
  • Eliminated manual sample audits of invoices and expenses, freeing up staff to focus on more value-added tasks
  • Provided reporting and dashboard to measure the effectiveness of their auditing efforts
  • Enabled the company to monitor T&E spending and identify employees who need coaching to stop wasteful or questionable spending

 
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All Rights Reserved Worldwide