CIOs and IT Managers

From the first databases to ERP deployments, IT managers have led projects for financial process improvements. Today, IT managers can enable business process owners to drive fraud, misuse and errors out of their financial transactions through the implementation of continuous controls monitoring and real-time transaction inspection.

Financial systems demand controls that identify and prevent mistakes and violations that can occur in each step of the financial process. While controllers might look to a roomful of internal auditors to provide this level of quality assurance, IT managers readily recognize the potential for technology to automate this task. The Oversight solution automates the work of auditors to continuously monitor financial processes at each step, detecting errors as they happen and identifying potential fraud at the first sign. Built on a comprehensive library of forensic audit best practices, Oversight provides a quickly deployed continuous monitoring system that extracts data from across source systems with little to no operational impact, and minimal reliance on overtaxed IT resources. It also delivers an integrated workflow-enabled investigation and resolution environment with automated audit logging, enabling users to easily research, resolve and document any identified issues.

In today’ economic climate, business process owners face tremendous pressure to decrease their operating costs, improve financial processes, and ensure the highest integrity in their business transactions. IT managers can lead the initiative to quickly deliver necessary process-improvement and quality control of financial applications – and drive a rapid ROI – through the implementation of Oversight’s continuous controls monitoring for transactions.