$151 billion* in improper payments were made in 2018 based on GAO estimates
*U.S. Government Accountability Office. April 10, 2019
100%
Oversight analyzes 100% of financial transactions for problematic payments
20+
Oversight currently supports the audit and risk management needs of more than 20 U.S. federal agencies
Oversight Partners with MasterCard
Provides Data Analytics and Fraud Detection for GSA's SmartPay
Oversight is a recognized leader in providing State and Federal agencies with the tools needed to identify, manage and prevent improper payments. Leveraging proprietary analytics, Oversight helps more than 20 federal agencies to reduce risk, minimize errors, eliminate duplicates and manage card programs to the strict standards of GSA, DFAS and State regulations.
Stop Improper and Erroneous Payments
Disparate data sources make it challenging to identify payment errors. With continuous monitoring and analysis of individual transactions, Oversight stops improper and duplicate payments before funds are dispersed and helps you meet requirements, such as A-123, IPIA and IPERIA.
Reconcile Accounts More Efficiently
Reconciling disbursement and collection accounts across multiple source systems can be daunting. With Oversight’s AI-powered Government solution, disbursements and collections are matched automatically. The solution also identifies potential risk among unmatched transactions.
Operate in a Secure Data Environment
Making certain your data is protected is top-of-mind in the digital age. With FedRAMP ready status, Oversight upholds the highest standards of data security and ensures compliance with an array of industry standards, including SSAE-18/SOC2 Type 22, EU-U.S., and NIST 800-53.
Prevent Payments to Ineligible Vendors
Comply with U.S. government “Do Not Pay” regulations before issuing payments, including OFAC and AML list checks. Oversight continuously monitors various data sources to check a vendor’s eligibility status before transactions are processed.
Using Oversight, the U.S. Department of Defense's Defense Finance and Accounting Service (DFAS) saved over $4 billion in improper payments in four years.
