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Detect Risk and Errors Through Automated Travel & Expense Audit.

 

Ensure Compliance and Identify Risk within your Employee Expense Management Systems. 

Drive Efficiency

Your team no longer has to spend time laboriously auditing random expense claim samples. With Oversight, auditors are armed with complete visibility into T&E spend and trends. Through artificial intelligence and machine learning, your auditors will be alerted to the prioritized exceptions. They can focus efforts on high-risk transactions, streamline your spend risk management and travel and expense auditing procedures, and prevent financial loss.
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Deepen Visibility

With less effort than it takes your team to perform a random audit of 20% of your T&E spend, you can analyze 100% of expense claims across all channels. Oversight takes the manual effort required in traditional travel and expense auditing and replaces it with exception-based continuous monitoring. Your expense reports, receipts, and credit card data are comprehensively analyzed so you can identify and prioritize spend risk that would otherwise go undetected.
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Discern Compliance

Compliance with internal spending policies or government regulations such as Foreign Corrupt Practices Act (FCPA) can be overwhelming. Analyzing transactions over an extended period for inconsistencies with previous spending, rounded transaction amounts, and origin from a high-risk account are potential indicators of suspicious activities. Travel and expense auditing using AI brings clues together to identify risks and enable you to determine the root cause.
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End-to-End Approach to Employee Expense Auditing

T&E Website

What’s different about Oversight? Our end-to-end approach toward employee travel and expense auditing. Company managers weren’t meant to be expense report auditors. They are not trained as such and have other priorities. They are less likely to find discrepancies in an employee’s expense report. Automated expense management systems provide more controls and speed up the expense process, but human auditors are still needed. The mounds of data, across different ERP and expense management platforms, make it impossible for human auditors to stop cash leakage or change spending behavior.

Our robust end-to-end auditing systems help to create a culture of compliance. Oversight’s Pre-Payment System uses OCR to match expense line items to the MCC codes on the receipt to validate the expenses are legitimate (available only for Concur Expense).  

After the expense report has been processed, Oversight’s AI and advanced analytics looks at the employee’s historical expense claims to identify patterns of potential misuse, such as hotel rooms bought but no airline ticket purchased.

Testimonials

What our clients say

You are essentially flying blind if you do not have a tool like Oversight. They can analyze data in a way that the human eye cannot. I'd rather have Oversight than an army of people trying to do the analysis.

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Jon Feiwell
American Bureau of Shipping

The ROI on this tool has been 6.5x what we paid for it We now have visibility into every single expense report, which is invaluable.

 

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Carolyn Hardee
AutoDesk

The biggest value is having T&E, P-Card, and Payables together. Looking for duplicate payments is the value we see with having the full platform. 

 

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Texas A&M University

Over time we see a decline in exceptions simply because we are reviewing them.

 

 

 

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White Cap

We had a team of dedicated Data Scientists work for three years to try to do what Oversight does. 

 

 

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Media Company

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. 

 

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Brian Friedman
HD Supply
Partners

Concur Detect by Oversight

Use AI and machine learning to automatically analyze expense reports, speed up the auditing process, and resolve issues before and after reimbursement.

 

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