The use of corporate credit cards is on the rise, for everything from office supplies, to temporary employment services, to fuel, to telecommunications and travel expenses. According to the Global Business Travel Association, business travel expenses are expected to rise 7.2% in 2014, to over $288.8 billion. [i] Corporate cards help corral this spending for corporate procurement, T&E, and AP departments while delivering tremendous economic benefit to companies in terms of expanded buying power and ease of use—not to mention card-issuer incentives.
ATLANTA – May 21, 2014 – Oversight Systems, a leading operational analysis software company, announced today the launch of its latest family of Insights. Oversight Insights On Demand for Procure-to-Pay (P2P) is a web-based application focused on automated analysis of corporate payment transactions to prevent and detect fraud, misuse and other improper payments resulting from errors.