Act on your biggest payment risks in near real-time using AI and machine learning, Oversight’s payables platform continuously monitors and analyzes 100% of your vendors, purchase orders, and invoices allowing you to identify potential fraud, errors, and waste before you make a payment.
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With a complete view of spend activity, you can better manage risk as well as identify opportunities for improved controls. Oversight gives you the visibility needed to improve internal controls around payments, track and document root cause and remediation, and minimize cash leakage.
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Stop duplicate and overpayments as well as identify invoices with unusual characteristics before they are processed. Our patented and proven analytics identify anomalies in your payables data, including unusual purchasing activities, split invoices, and human error.
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Stay compliant by avoiding risky vendors. Oversight compares your vendor master data to the OFAC (Office of Foreign Asset Control) SDN list and can cross-reference this data based on national, global, government, and politically exposed watchlists.
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Duplicates in your vendor master can be precursors to duplicate invoices. Oversight helps mitigate risks within your vendor master by identifying duplicate and invalid vendors, as well as, incomplete records.
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