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Oversight Systems’ Patrick Taylor to Speak at Dow Jones Symposium

Tue, Apr 02, 2013

Leading Experts, Earl Devaney and Thomas Fox, Join Taylor to Discuss How Data Analysis and Transaction Monitoring Strengthen Compliance and Anti-Corruption Measures

ATLANTA, GA – Patrick Taylor, CEO of Oversight Systems, an innovative data analysis company, will lead an industry panel at the Dow Jones Global Compliance Symposium on Wednesday in Washington D.C. The panel, entitled “Ongoing Transaction Monitoring: Continuous Enforcement of Your Compliance Program,” will also feature leading compliance expert panelists, The Honorable Earl Devaney, president of The Devaney Group; and Tom Fox, principal of Tom Fox Law.

“There is a huge opportunity for companies to utilize big data analytic techniques to gain visibility and immediate insights into their compliance policies as means of tracking progress, protecting themselves and strengthening their programs,” said Patrick Taylor, CEO of Oversight.

The Department of Justice and U.S. Securities and Exchange Commission’s November 2012 Foreign Corrupt Practices Act (FCPA) Resource Guide outlined the principles for best practices compliance programs. The Guide and the recent settlement with Morgan Stanley established precedents for protecting the corporation from corruption related prosecutions. In this session, panelists will share tips and real world experience with attendees so they can gain insight into how ongoing transaction monitoring can create an active anti-corruption policy management program that defends corporations.

In addition to speaking, Oversight will also showcase its customer-proven, Anti-Corruption Insights and Foreign Corrupt Practices Act (FCPA) Automated Transaction Monitoring Solution for preventing corruption, fraud and significant financial loss. Visitors to Oversight’s booth (#10) can see and learn how ongoing transaction monitoring is a critical component of an effective compliance strategy. This solution dramatically reduces the amount of time and costs associated with analyzing transactions manually.

About the Oversight Anti-Corruption Solution

Oversight’s Anti-Corruption Solution includes Automated Risk Identification and Tracking for proactively addressing potential FCPA risks, Global Risk Analysis for a holistic view of transaction risk across the entire global enterprise; and a highly intelligent Suspicion Index for applying multi-layer analysis to all actors associated with an organization whether that is an employee, partner, distributor, vendor or agent. For more information, visit Oversight, email sales@oversightsystems.com, or call the company at 770-984-4650.

About Oversight Systems

An innovative data analysis software company, Oversight Systems acts like a virtual data analyst transforming big data into targeted actionable insights for enterprises and government organizations. Oversight’s Operational Intelligence Platform acquires data from multiple sources including ERP systems, external and unstructured data, precisely applies predictive analytics, transaction monitoring and evidential reasoning analysis to deliver insights and drive action at the front lines for better decisions. Oversight's platform is newly available for consultants and other third parties to develop and add their own expertise. In addition to its platform, Oversight provides operational intelligence point solutions designed to target specific areas of risk and opportunity including corruption, fraud, payment/billing errors, customer retention and revenue management. An SAP and Oracle partner, Oversight customers include a range of Global Fortune 500 and government organizations.