Precise, Pre-Built Analytics that Find Real Issues
The Oversight Collaborative Reasoning Engine™ (CoRE) offers precise, near-human reasoning capability to identify potential instances of fraud or misuse. The CoRE employs sophisticated statistical and probabilistic analysis, applying a wide range of Integrity Checks to your transactional data. The use of distinctive reasoning technology – incorporating both temporal and state analyses – identifies sequences and concealment activities that other systems cannot, offering your business a heightened level of protection.
Our use of multiple positive and negative dynamic reasoning indicators provides rich, high-confidence conclusions. The CoRE helps eliminate the potentially catastrophic effects of false negatives, while at the same time reducing the resource drain of false positives.
Similarity analysis is enabled through the correlation of exceptions across entities to highlight seemingly innocuous patterns. For example, when two invoices exist for the same amount and item quantity, but are shipped to separate business units, the CoRE validates invoices against a clean master file to verify that these invoices are not duplicates.
Advanced Heuristics Technology
Oversight’s advanced level of logic identifies transactions and processes where fraud or misuse may be taking place. The CoRE features:
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Intelligent reasoning thatreplicates auditor’s tests and heuristics
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A large library of pre-defined best practice analytics
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The ability to extend existing analytics or quickly develop custom analytics
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An exception database that creates a single permanent record of each issue
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Sophisticated Integrity Checks – including the ability to adjust and create new Integrity Checks.
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A Bayesian-based Scoring mechanism that helps prioritize issues for resolution |
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Oversight Integrity Checks
Oversight Systems increases the quality of your financial operations through Integrity Checks that identify defects in financial processes. Oversight’s Integrity Checks analyze thousands of combinations and permutations of events and transactions covering exhaustive scenarios across your organization’s systems and business processes. For example, Oversight’s Integrity Checks inspect journal entry amounts (or aggregate amounts for collections of journal entries) in context of what is usual, flagging outliers that might signal management override of controls.
Our real-time transaction inspection automates the analysis and testing of auditors and fraud examiners for every transaction. We start with the identification of users who have violated segregation of duties principles in the past, and move on to inspect each new transaction in real time, catching errors and control violations before they impact the business. Our complex and detailed analysis correlates results with transactions from all other financial systems.
Oversight’s library of pre-defined Integrity Checks represents the best practices of auditors, and our intuitive interface empowers non-technical users to apply advanced analysis to deliver precise results. Non-technical users can easily create new Integrity Checks that are customized for real-time transaction inspection of company-specific processes.
Oversight’s Integrity Checks integrate multiple techniques of advanced reasoning, including:
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Symbolic reasoning based on known signatures
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Incremental reasoning that links the results of individual tests
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Contextual reasoning that considers surrounding information
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Comparative reasoning based on inexact similarities
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Cross-source reasoning that correlates information from multiple systems
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Temporal reasoning that relates events to time. |
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