|
Continuous Protection Against Fraud, Misuse and Errors
Oversight analyzes every step in the business process holistically to identify issues that may be costing your organization hundreds of thousands even millions of dollars. With nine patents pending, Oversight uniquely combines continuous monitoring and continuous auditing with powerful investigation, resolution and tracking capabilities, for continuous protection against fraud, misuse and errors in your business transactions. Through real-time transaction integrity analysis, Oversight serves as a "virtual auditor, uncovering fraudulent and erroneous financial transactions. Further, Oversight facilitates exception resolution and process improvement, through integrated investigation, reconciliation and documentation features. With Oversight, companies achieve higher levels of performance and compliance, while reducing costs.
The Oversight Extractor can access data from multiple financial systems, including Oracle, SAP, PeopleSoft, JD Edwards, Lawson, MFG Pro, Infinium, Geac, Baan, Ross Systems, Siebel and custom applications. The data is consolidated into a secure Data Locker based on a common data model, which also incorporates robust audit trail and version tracking features. The analytics incorporated in the Collaborative Reasoning Engine (CoRE) and sophisticated integrity checks in the Knowledge Libraries combine the tests and heuristics used by forensic accountants, auditors and fraud examiners to precisely identify fraud, misuse and errors in business transactions. The intelligent workflow management and link analysis features of the Workbench make the resolution process efficient, and results, decisions and remediation actions are automatically tracked in a comprehensive investigative log. Customizable management-level views and drill-down capabilities in Dashboard facilitate compliance health-checks and business process improvement. |
