Oversight 3.8 Introduces Open Knowledge for Customized Analysis & Testing
Web-based interface allows users to create & modify Oversight’s Integrity Checks
ATLANTA (April 24, 2006) - Oversight Systems Inc. today announced the launch of Oversight 3.8 which extends Oversight’s continuous controls monitoring software by allowing users to easily customize their analysis and build upon Oversight’s best practices in transaction inspection and continuous monitoring.
For more than two years, Fortune 500 companies have relied upon Oversight’s real-time transaction inspection software to automate the analysis and testing of auditors and fraud examiners across their heterogeneous financial systems. With real-time inspection over every transaction, Oversight identifies all errors and control violations, drives defect-free financial processes, and sustains Sarbanes-Oxley compliance by providing a wide range of automated mitigating controls.
"Oversight continues to expand upon our library of Integrity Checks that encapsulate the best practices of auditors and our intuitive interface empowers non-technical users to apply Oversight’s advanced analysis engine to deliver precise results for their specific needs, processes and applications," Oversight Systems CEO Patrick Taylor said.
Oversight 3.8 provides a secure medium for authorized users to tune the configuration of Integrity Checks. Non-technical users can create new Integrity Checks for real-time transaction inspection that are customized for company-specific processes. Oversight partners are leveraging the capabilities to develop monitoring solutions for trade promotion, Basel II, license enforcement and OMB A-123.
"Grant Thornton recognized the emerging demand for continuous monitoring solutions to maintain financial integrity within ERP systems, so we’ve partnered with Oversight Systems to incorporate Oversight’s real-time transaction inspection into the Grant Thornton Financial Integrity Workstream offering," said Rhoda Canter, Partner, Grant Thornton Global Public Sector.
About Oversight Systems, Inc.
Oversight takes continuous monitoring to the next level by combining an audit data warehouse, advanced analytics and workflow into a single, integrated, application. By inspecting each step of individual transactions across systems, Oversight identifies errors, control violations and fraud to drive higher levels of performance and compliance. Oversight's platform automates the entire life cycle finding problems in business processes, fixing those problems and proving the problems were resolved. Oversight is the solution of choice for those CFO's, CIO's and CISO's serious about compliance and enhancing their financial performance. For more information, visit www.oversightsystems.com.
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