Risk Management

Nothing gets by you now

Oversight AI empowers you to take a proactive approach to risk management. With active and continuous monitoring, you can identify risks as they happen and take immediate action to mitigate them.

Nothing Gets By You Now.

 

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The risk is in the details

Every payment process has underlying risks that can impact any organization’s bottom line. While risk assessments can identify gaps in payment process controls, they often only occur every two to three years.

Oversight can detect risks within your vendor master, invoice payments, expense reports, and card transactions, including:

  • Data entry errors
  • Missing information
  • Duplicate and erroneous payments
  • Potential regulatory violations
  • Split transactions
  • Multiple reimbursement schemes
  • Unusual or suspicious activity
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Yale logo
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Carrier logo
The Texas A & M University System logo
Tyson logo
GE Appliances logo
BASF logo
Autodesk logo
Duracell logo
Caterpillar Inc. logo
XPO Logistics logo
Yale logo
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Helpful Resources

White Papers and Guides
The Next Era in Spend Management is AI and Machine Learning
The Next Era in Spend Management is AI and Machine Learning AI is pervasive within our consumer lives. This real-world technology makes our lives easier, helps us make more informed decisions, and saves time and money...
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White Papers and Guides
The DOJ, the FCPA, and the Impact of the Yates Memo
The DOJ, the FCPA, and the Impact of the Yates Memo What It All Means, and How to Avoid Violations Using Data Analytics. A look at best practice approaches to identifying possible FCPA violations and...
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White Papers and Guides
How to Detect and Stop Fraud, Waste & Misuse in Employee Expenses
How to Detect and Stop Fraud, Waste & Misuse in Employee Expenses A Best Practices Guide Mitigating Purchase Card and Travel & Expense Risks
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White Papers and Guides
Creating a Culture of Corporate Card Compliance
Creating a Culture of Corporate Card Compliance While travel cards and P-cards offer a certain level of convenience and distributed buying power, they can also significantly increase the chances for non-compliant spend behavior…
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White Papers and Guides
Oversight for FCPA Transaction Monitoring
Oversight for FCPA Transaction Monitoring Our analytics look for behaviors or patterns of FCPA risk across expense reports and card transactions in T&E, or invoices and payments in AP
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White Papers and Guides
Disarming Risk in Accounts Payable
Disarming Risk in Accounts Payable The highest-performing finance teams in the Fortune 500 are deploying AI-powered technology to improve controls and reduce fraud, error, misconduct, and noncompliance.
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White Papers and Guides
Keys to Successfully Adopting an Integrated Risk Strategy
Keys to Successfully Adopting an Integrated Risk Strategy An integrated risk strategy is emerging as a best practice for connecting the three lines of defense to not only uncover and resolve spend risk, but to also improve compliance with better policy administration.
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Spend Insights Report
Q3 2021 Spend Insights Report The New Normal for Travel & Entertainment:
Q3 2021 Spend Insights Report The New Normal for Travel & Entertainment: How increased Travel is Impacting Employee Compliance: While business travel remains significantly below pre-pandemic levels, down from Q3 2019 by 77.93%, there are signs that it is starting to rebound...
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Spend Insights Report
SAP Concur + Oversight 2021 Spend Insights Report
SAP Concur + Oversight 2021 Spend Insights Report A better understanding of 2021 for a better view of 2022
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Spend Insights Report
Q1 2022 Spend Insights Report
Q1 2022 Spend Insights Report A strategic look at Q1 spending to set the course for the balance of 2022: As we come to the end of Q2, organizations are challenged by economic headwinds. We must reinforce financially impactful processes…
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Spend Insights Report
Oversight Spend Insights Report Fall 2022 Edition:
Oversight Spend Insights Report Fall 2022 Edition: A strategic look at spending and risk through mid-year 2022: Just when business, investment, travel, and work habits began approaching the “old normal”, the macro-economic climate...
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Webinars
Not Investing in Compliance Could be Costly
Not Investing in Compliance Could be Costly Your anti-bribery, anti-corruption compliance program may have the basics covered – training, hotlines, and vendor credentialing. But is that really enough?
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Webinars
Oversight Resolution Service: Optimize Your T&E, P-Card, and Payables Program From Start to Finish
Oversight Resolution Service: Optimize Your T&E, P-Card, and Payables Program From Start to Finish See how our analysts work within your instance of the Oversight T&E, P-Card, or Payables solution to assist with key tasks, such as managing and resolving exceptions, developing standard operating procedures…
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Webinars
Why Organizations Need AI to Monitor Card Spend
Why Organizations Need AI to Monitor Card Spend Learn how the University of Washington identifies where risk resides in T&E and P-Card spend, and creating a culture of compliance with Oversight
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Webinars
The Biggest AP Mistakes in 2022 and How to Avoid Them in 2023
The Biggest AP Mistakes in 2022 and How to Avoid Them in 2023 Your ERP and AP automation platforms are not effective audit controls. Oversight helped our clients identify $232M in duplicate entries, overpayments, and fraud. $145M in split invoices. $74M in purchase order issues. Even the simplest keying errors are slipping past your internal controls…
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Webinars
Survive the Shock Waves of Economic Upheaval
Survive the Shock Waves of Economic Upheaval See how your company stacks up against these spend trends in your Travel & Expense, Purchase Card, and Accounts Payable programs while gaining access to strategies for implementing and improving your cost-cutting, quality control and compliance initiatives.
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Webinars
Discover the AP Process Control Secrets that Saved BNSF Railway Millions
Discover the AP Process Control Secrets that Saved BNSF Railway Millions Watch our exclusive webinar to discover the process control secrets BNSF Railway uses and how you can apply these to your organization. Today, AP teams face numerous risks and compliance challenges…
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Videos
Purchase Card Monitoring
Purchase Card Monitoring Asset misappropriation schemes, including the misuse of Purchase Cards, represent 86% of all fraud cases. Oversight's AI-empowered solutions analyze every transaction, comparing data across employees, business units, and merchants, saving our typical client $500,000 per year.
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Videos
Who is Oversight?
Who is Oversight? For 20 years, Oversight has led the industry in applying Artificial Intelligence and advanced Machine-Learning to identify risk and to transform finance teams so that nothing gets by them now!
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Videos
Optimize Your Audit and Risk Management Outcomes
Optimize Your Audit and Risk Management Outcomes How Oversight’s Resolutions Services work with you, your team, and your organization to identify risk, ensure ongoing compliance, and optimize your systems for ongoing and effective risk management.
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Videos
FCPA/OFAC Monitoring
FCPA/OFAC Monitoring The SEC filed 760 enforcement actions in just one year, totaling $6.4Bn in FCPA penalties. Bribery, corruption, and regulatory non-compliance could be happening in your organization right now! Are you using the right tools to protect your company from this risk?
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Videos
Travel & Expense Monitoring
Travel & Expense Monitoring One in every five expense reports contains errors, and 75% of employees have admitted to stealing from their employer at least once, costing US businesses $1B per year. See how Oversight protects your bottom line.
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Videos
Accounts Payable Monitoring
Accounts Payable Monitoring For every 10,000 invoices processed, nearly 200 will result in a duplicate or erroneous payment. Your ERP and automation platforms are not effective audit controls. See how Oversight uses AI and Machine-Learning to let you See it All.
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Videos
Oversight Resolution Services
Oversight Resolution Services Oversight’s AI Auditing Platform lets you truly See it All with automated analysis of 100% of transactions across all spend channels.
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Videos
There are Holes in Your Expense Controls
There are Holes in Your Expense Controls Oversight is the firewall that catches wasteful, non-compliant spending in real-time, 100% of the time. See it All. Spot the Patterns. Steer the Future.
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Videos
ERP Platforms are Not Effective Audit Controls
ERP Platforms are Not Effective Audit Controls Research shows that 5% of revenue can be lost annually to fraud and that 2% of invoice payments are duplicates. Cash leakage, keying errors, and fraud can go undetected for months. See how Oversight lets you See it All; in real-time, 100% of the time.
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Spend Insights Report
Oversight's Spend Insights Report: Travel and Expense
Oversight's Spend Insights Report: Travel and Expense In this latest installment of our Spend Insights Report, we’ll look at Travel and Expense spend risk across the market and our client ecosystem for the entirety of 2022 and its effect on current spend trends in 2023.
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Published Articles
Technology that is Changing the Financial Audit Function
Technology that is Changing the Financial Audit Function Over 80% of a finance team’s time is spent manually gathering, verifying, and consolidating data. That leaves very little time for analysis and follow-up. With Oversight, the company turns that equation on its ear. Oversight’s artificial intelligence platform will not only reduce audit effort by over 70 percent but can pinpoint the specific transactions, vendors and employees that are worth investigating.
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Published Articles
Artificial Intelligence – For Finance Professionals It’s The Natural Way Forward
Artificial Intelligence – For Finance Professionals It’s The Natural Way Forward Artificial Intelligence has caught the attention and imagination of the world. It will transform the way we do many things, not least in finance. Yet instead of being something to fear, Nathanael Lheureux, Chief Client Officer at Oversight, argues that this technology is a natural extension of a well-established trend among finance professionals: applying the best available tools for the job.
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Spend Insights Report
Oversight's Spend Insights Report: Accounts Payable
Oversight's Spend Insights Report: Accounts Payable In this latest installment of our Spend Insights Report, we’ll look at Accounts Payable spend risk across the market and our client ecosystem for the entirety of 2022 and its effect on current spend trends in 2023.
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White Papers and Guides
Examining the impact of the Foreign Corrupt Practices Act
Examining the impact of the Foreign Corrupt Practices Act The FCPA was enacted to address the widespread problem of corrupt practices in international business transactions. Prior to the FCPA, bribery was often seen as a necessary cost of doing business overseas. However, the act changed that perception and made it illegal for companies to offer or make payments to foreign officials to obtain or retain business.
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Published Articles
Forrester Spend Optimization Study
Forrester Spend Optimization Study Companies that do not have timely, complete, and granular spend data are at a disadvantage when it comes to controlling costs and identifying opportunities to spend dollars more strategically. Our recently commissioned report with Forrester looks at the state of spend.
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Videos
AI and AP | The Changes, Challenges and Opportunities
AI and AP | The Changes, Challenges and Opportunities Nathanael L’Heureux, Oversight's Chief Solutions Ambassador recently examined the impact AI is having on AP on a recent edition of AP Now, with Mary Schaeffer.
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Videos
Shaping the Financial Landscape with Artificial Intelligence
Shaping the Financial Landscape with Artificial Intelligence Nathanael L’Heureux, Oversight's Chief Solutions Ambassador discusses the impact of AI and Machine Learning on the finance function, and across the entire enterprise.
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Videos
AI-Powered Accounts Payable Transformation - AP Automation
AI-Powered Accounts Payable Transformation - AP Automation Nathanael L’Heureux, Oversight's Chief Solutions Ambassador hosts a webinar for the Shared Services and Outsourcing Network on AI and AP
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Videos
IOFM Town Hall- Where AP Goes from Here – What AP Leaders Need to Do Next
IOFM Town Hall- Where AP Goes from Here – What AP Leaders Need to Do Next Nathanael L’Heureux, Oversight's Chief Solutions joins The Institute of Finance & Management virtual town Hall to discuss the future of AI in finance
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Videos
IOFM Town Hall The Accounts Payable Answer Forum: Your Ultimate Solutions Hub
IOFM Town Hall The Accounts Payable Answer Forum: Your Ultimate Solutions Hub Oversight's Chief Solutions Ambassador, Nathanael L’Heureux discusses cutting-edge techniques and tips and tricks for solving your biggest AP challenges.
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Published Articles
Optimizing Financial Performance through Strategic Contract Analysis and Compliance Management
Optimizing Financial Performance through Strategic Contract Analysis and Compliance Management Financial leakage, particularly from invoices and contracts, presents a formidable challenge that organizations encounter, affecting their bottom line and operational efficacy significantly. In the realm of contract analysis, understanding financial leakages entails recognizing the gap between the expected and the realized value derived from contracts.
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Expense Management & Transaction Monitoring: The Perfect Pairing for Mitigating Spend Risk
Expense Management & Transaction Monitoring: The Perfect Pairing for Mitigating Spend Risk A Whitepaper on the perfect pairing for mitigating spend risk: Expense Management & Transaction Monitoring
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Using AI and Advanced Analytics to Change behavior
Using AI and Advanced Analytics to Change behavior It's more important now than ever to pay close attention to both card and travel spend, plus ensure you have the appropriate controls in place to mitigate the risk of cash leakage, wasteful spend, duplicate expense submissions, as well as erroneous charges.
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Is AI coming for YOUR job? (Spoiler alert: No!)
Is AI coming for YOUR job? (Spoiler alert: No!) It seems endless. The talk of AI as a sinister and heartless job stealer. But, as Dustin Armstrong, a data scientist at Oversight, an industry leader in the application of Machine Learning to spend monitoring and financial risk reduction, argues, the reality is much more nuanced and way more positive.
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Monaco Memo
Monaco Memo The Monaco Memo is a pivotal refinement of the Department of Justice’s (DOJ) approach to Foreign Corrupt Practices Act (FCPA) enforcement and the evaluation of corporate compliance programs. This memo, complemented by speeches from high-ranking DOJ officials, collectively forms the “Monaco Doctrine.”
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IOFM Virtual Demo -Oversight AI and AP
IOFM Virtual Demo -Oversight AI and AP Nathanael L’Heureux, Oversight's Chief Solutions Ambassador hosts a discussion on AI trends, risks and rewards.
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