Oversight Systems to Demonstrate Innovative Continuous Monitoring Solutions at FEI's Annual Summit in Boston, Massachusetts
Oversight's Platform Transforms Compliance Costs into Process Improvement Profits
ATLANTA (May 21, 2007) - – Oversight Systems, the leading provider of automated continuous monitoring solutions, today announced it will demonstrate its solutions at FEI’s Annual Summit in Boston, Mass., May 21 through 22.
The FEI Summit 2007 will deal with emerging issues and best practices of financial executives. This year, the focus will be on critical issues involving technology, leadership, corporate governance, financial reporting and corporate espionage.
During the summit, Oversight Systems will show how it provides an automated system to drive quality through every transaction and streamline internal controls for SOX compliance. Oversight solutions identify errors and fraud in business transactions. With this timely information, companies can stop errors before they result in financial loss or inaccuracies, take action to correct the problem and prevent it from recurring. Continuous monitoring is an anti-fraud program and control that drives bottom line benefits.
“SOX compliance has absorbed a significant part of many companies’ budgets in recent years. It is a continuing struggle to remain compliant and maintain the quality of business processes,” Oversight Systems CEO Patrick Taylor said. “However, compliance should drive profitability not diminish it, and increasingly organizations demand solutions that both deliver bottom-line benefits and satisfy Sarbanes-Oxley requirements. Oversight provides the complete solution for companies to ensure compliancy and drive operational improvements.”
Real-Time Transaction Monitoring
- Analyze transactions across multiple financial systems and various technology platforms
- Ensure financial process accuracy by inspecting for quality at every transaction
- Eliminate the need for recovery auditors with real-time detection of payment errors
- Address fraudulent financial reporting risk by inspecting General Ledger postings for unusual and suspcious entries.
For more information, please visit: www.oversightsystems.com.
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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