Oversight is trusted by the world’s largest companies to detect enterprise spend risk.
Oversight’s AI-powered audit and risk management platform digitally transforms how organizations monitor, analyze and mitigate their enterprise spend risk – across travel & expense, purchase and fleet cards, payables, procurement, and general ledger entries. Working across these disparate financial data sources, Oversight leverages patented and proven analytical techniques to automatically uncover fraud, misuse and errors, as well as hidden risks and patterns that would lead to greater financial loss if left undetected.
By identifying process breakdowns and making corrections early, Oversight helps create a culture of compliance that reduces out-of-policy spending by 70% while maximizing audit efficiency and eliminating cash leakage.
Our customers point to several key areas where Oversight has a significant impact on their business:
Reduces the Cost of Audit
Many organizations today utilize teams of clerical auditors, in addition to manager inspection, to perform random sample audits on a small percentage of spend. With Oversight’s technology, organizations significantly reduce the labor and effort involved, while using machine automation to perform higher accuracy checks on 100% of spend.
Our customers utilize up to 90% less effort while significantly expanding their inspection process.
Identifies and Mitigates Spend Risk More Effectively
Disparate data sources, eye-ball inspections and a lack of modern tools leave most organizations with a high likelihood of fraud and misuse. Oversight’s patented technology identifies patterns of risk across financial systems, time horizons and transactional details to pinpoint the employees, vendors and transactions that pose financial risk to your organization.
Our customers have reduced non-compliant spend by 70% in the first year.
Improves the Nature of Controls
Most customers rely on point-in-time, manually administered control processes to satisfy operational and regulatory compliance requirements. Oversight enables a continuous monitoring environment that dynamically learns spend patterns to identify new and changing risk profiles. This process is critical for simultaneously satisfying the control needs of operations, audit and compliance audiences across the business.
Many of our customers rely on Oversight as the governing control in their SOX, FCPA, Improper Pay and Do Not Pay audits and sign-offs.
Hear from Brian Friedman at HD Supply on partnering with Oversight.
Trusted by the World's Most Advanced Companies
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