Oversight Systems Blog

Account Payable Audit

Controlling Corporate Spend is Not About Expense Report Receipts, it’s About Behavior

For the bulk of enterprises, spend audit is like a visit to the doctor today—symptoms get treated with very expensive medications but the underlying d...

Procure-to-Pay

Overcoming ERP Data Silos to Control Risk

Your ERP system is your system of record and source of truth. You rely on it to control business processes and stop cash leakage. And, you’ve invested...

Travel & Expense

Tax Reform to Bring Big Changes for Business and Employee Expenses in 2019

With the Tax Day deadline just a week away, you can’t escape the buzz of people either celebrating or lamenting their tax returns. It seems you’re eit...

Procure-to-Pay

Accounts Payable Recovery Audit Uses the Wrong Yard Stick

Accounts payable recovery audits are common practice to identify losses that ERP systems fail to catch. But does a recovery approach use the right yar...

Procure-to-Pay Travel & Expense Purchase Card Artificial Intelligence

How a Fortune 500 Company Improved Compliance and Saved Millions [Webinar]

Where is your risk? For most large, global companies with thousands of employees disbursed across locations, this question is hard to answer.

Artificial Intelligence

Reinventing Leadership for the Age of Machine Intelligence

The rise of deep learning and machine learning are radically changing our relationship to data. For evidence, look around you to see the impact that a...

Travel & Expense Purchase Card Company Culture

12 Most Exceptional Business Expenses of 2018

Frankly, it’s not easy coming up with a short list of the most bizarre business expenses for all of 2018. Oversight analyzes more than $2 trillion in ...

Travel & Expense Purchase Card

7 Ways Naughty Employees Try to Cheat on Year-End Expense Reports

The most wonderful time of year doesn’t just bring lots of nice holiday parties, gifts, and good cheer. Like the Grinch who stole Christmas, it also b...

Artificial Intelligence

How AI-Based Finance Process Automation Systems Continually Improve

As artificial intelligence (AI) continues to advance, there seems to be a growing fear that AI systems will replace humans in every conceivable profes...

Artificial Intelligence

Podcast: How AI is Elevating Finance Jobs in the Back Office

In a fascinating podcast conversation with futurist and author Mike Walsh, Oversight’s Manish Singh shares his perspective on how artificial intellige...

Procure-to-Pay Travel & Expense Purchase Card Artificial Intelligence

How AI and Reason Codes Can Save Your Company Money

The world of corporate finance is rife with the potential risk for fraud, erroneous payments, and a whole slew of employee behaviors that add up over ...

Procure-to-Pay Travel & Expense Purchase Card Artificial Intelligence

[in]sight 2018 Oversight Annual User Conference Recap

[in]sight 2018 brought together customers from some of the world’s largest, most innovative companies for Oversight’s first-annual user conference at ...

Artificial Intelligence

How CFOs Can Tell the Difference Between Little Fence vs. Big Fence Issues

As any good CFO knows, there are significant risks in corporate finance that require the use of financial systems to monitor issues and prevent them f...

Procure-to-Pay Travel & Expense Purchase Card

Trick or Treat: Frights to Look out for in Your Corporate Spend

Watch out for the kids in costumes on the streets of your neighborhood tonight. It’s Halloween, the one night of the year for plenty of treats and a f...

FCPA Procure-to-Pay Travel & Expense Purchase Card Company Culture

Announcing the 2018 Oversight Systems Customer Excellence Award Winners

From left: Neha Wood and Manish Singh, Oversight Systems; Todd DiPietro, Fidelity Investments; Kimberly Simpson, Fidelity Investments; Karen Irish, In...

Company Culture Artificial Intelligence

The Biggest Challenges to Implementing AI and a Robo-Auditing System

If you’re a CFO looking to improve your company’s processes and save money by implementing a robo-auditor, you might be wondering where to start.

Company Culture Artificial Intelligence

How to Get Started with AI and Robo-Auditing

If you’re a CFO who’s decided to implement a robo-auditing system within your company, the question you’re probably asking yourself is: how do I get s...

Travel & Expense Company Culture Artificial Intelligence

3 Processes You Can Transform with Finance Process Automation

The key to making finance process automation successful at your company is not just the analytics but what actions you take based on that analysis. Yo...

Artificial Intelligence

A CFO’s Guide to Setting up a Robo-Auditing System

Artificial intelligence is making it possible for CFOs to improve their corporate financial systems in ways that once would have been unimaginable.

Artificial Intelligence

What Muscle Cars Can Teach CFOs about Less Restrictive Controls

One common obstacle that stops CFOs from implementing a robo-auditing system in their company is a lack of awareness surrounding the benefits of such ...

Travel & Expense Purchase Card Company Culture

When Employee Back-to-School Expenses Become Corporate Expenses

Now that school is back in session, millions of parents are starting to see their back-to-school purchases show up on their monthly credit card statem...

Artificial Intelligence

AI Makes Corporate Finance More Efficient

For decades, the world of corporate financial systems has been black and white. Auditors’ calculations on Excel spreadsheets were crisp, exacting, and...

Artificial Intelligence

The 4 Types of AI That All CFOs Need to Know About

If you’re a CFO, you’re probably familiar with the concept of using a financial auditing system that incorporates artificial intelligence, automation,...

Travel & Expense

How Real-Time AI Can Fix Employee T&E Spending at the Right Time

The adoption of artificial intelligence systems in the world of corporate finance has many benefits, among them the ability to spot issues before they...

Travel & Expense

5 Reasons Why Human Auditors Can’t Compete with Robo-Auditors

Artificial intelligence is slowly taking over roles once reserved for humans. AI can now diagnose pneumonia more accurately than radiologists. In 20 y...

Travel & Expense

Transforming Repeat T&E Policy Offenders into Model Employees with AI-Powered Analytics

In this week’s blog, Oversight Systems account manager Stephanie R. Yates-Anyabwile discusses how she works with clients to optimize their travel and ...

Artificial Intelligence

Oversight Announces Keynote Speaker for [in]sight 2018 User Conference

We’re excited to announce that business futurist and author Mike Walsh will be our featured keynote speaker for [in]sight 2018 – Oversight Annual User...

Artificial Intelligence

From Factory Floor to Back-Office: Shaw Industries Embraces AI and Finance Process Automation

For decades, manufacturers have been deploying robots to automate many production and operational processes. But now robots are moving rapidly into th...

Travel & Expense Artificial Intelligence

A Cautionary Tale: How Companies Can Avoid Falling Prey to T&E and P-Card Fraud

A once prominent physician fraudulently charges the same trip to Japan to three different employers, including two universities and a private firm. Ov...

Travel & Expense Artificial Intelligence

Harnessing AI and the Power of Patterns to Transform Your T&E Audit Process

Earlier waves of travel and expense (T&E) audit technology largely automated elements of the manual review. For example, audit functionality would fla...

Company Culture

Oversight Systems Names New CEO

Oversight Systems is proud to announce the appointment of our new Chief Executive Officer, Terrence McCrossan, a technology executive with more than 2...

Travel & Expense

Why Your Expense Audit Process is Broken, and How to Fix It

We’re living in exciting times. Digital transformation has made tremendous advances in how we submit, approve, and pay expense reports over the last d...

Travel & Expense Purchase Card

5 signs it’s time to streamline your T&E auditing process

We have seen a thing or two from working with hundreds of Fortune 2000 companies helping them transform their T&E audit process from a transactional e...

Travel & Expense Purchase Card

Survey: Men almost twice as likely as women to cheat on expenses

Men, white-collar managers and staff, and younger employees are far more likely to commit expense fraud, according to new survey of 1,200 business tra...

Artificial Intelligence

Harnessing Artificial Intelligence to Deliver Real-Time Intelligence and Business Process Improvements

As demand for data scientists in audit/Governance, risk management and compliance (GRC), and industry in general, outpaces supply, data science in a b...

Procure-to-Pay Travel & Expense Purchase Card Artificial Intelligence

17 Surprising (and Not-So-Surprising) Findings from the 2018 ACFE Fraud Study

The latest Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse from the Association of Certified Fraud Examiners is full of inter...

Travel & Expense Artificial Intelligence

Forbes: The Robots are Coming to Corporate Finance

When you mention robots, most people think of Star Wars or those car-manufacturing assembly lines where giant, agile machines move heavy parts, make s...

Travel & Expense Purchase Card

3 Places Employees Splurge on the Company Dime

There are two distinct mindsets when it comes to work travel: Business travelers who skimp when someone else is picking up the tab and those who splur...

Travel & Expense Purchase Card

Best Practices for Mitigating Financial Risk in Your P-Card and T&E Programs [Webinar]

$62.30. That’s the average amount that companies save per transaction with their corporate purchase card programs, according to the 2017 Purchasing Ca...

Travel & Expense Artificial Intelligence

AI is (Already) Transforming Expense Management

Everywhere you look these days, artificial intelligence is changing our world – from self-driving cars to smart speakers like Alexa and Google Assista...

Travel & Expense Purchase Card

The Gift that Keeps on Giving: 12 Ways to Tighten Gift Card Policies

Gift cards can offer a convenient raffle prize for team outings. We see them handed out for a job well done, on special occasions, and birthdays. Unfo...

Travel & Expense Purchase Card Artificial Intelligence

6 Tips for Using Keywords to Detect and Prevent T&E and P-Card Fraud

Whenever details are overlooked, problems arise. As the saying goes, “The devil is in the detail.” This idiom holds true in travel and expense (T&E) p...

Travel & Expense Purchase Card Artificial Intelligence

Beware of Double-Dippers: 9 Scams to Look Out for in T&E Fraud & Misuse

Double dippers are everywhere. They lurk at your backyard barbecue and at your neighbor’s Super Bowl party. You know the type – like George Costanza i...

Procure-to-Pay Artificial Intelligence

Duplicate Invoice Payments: How to Avoid Cash Leakage in Accounts Payable

Duplicate invoice payments occur far more often than most realize, resulting in cash leakage. It’s estimated that companies make duplicate payments at...

Artificial Intelligence

Why 2018 will be the Year of Artificial Intelligence

I first learned about artificial intelligence (AI) sitting in a computer science class at University of California, Berkeley. I was immediately hooked...

Travel & Expense

4 Business Travel Trends for 2018 and What They Mean for T&E Risk Management

Fueled by a strong global economy, business travel spending is expected to grow by a healthy 6.8% in 2018, according to the Global Business Travel Ass...

Procure-to-Pay

Purchase Order Fraud: How to Identify Red Flags in Procure-to-Pay

Purchase Orders (PO) are a key aspect of maintaining accurate, complete financial records. They serve as an internal control mechanism in the procure-...

FCPA

Part 2: A Primer on the DOJ’s “Evaluation of Corporate Compliance Programs”

In Part 1 of this blog series, we explored how the Department of Justice’s “Evaluation of Corporate Compliance Programs” document can help provide a b...

Travel & Expense Purchase Card

Top 10 Craziest Business Expenses 2017 

What do a hang glider, toilet paper, and a massage all have in common?

FCPA

Part 1: A Primer on the DOJ’s “Evaluation of Corporate Compliance Programs”

In February 2017, the Department of Justice (DOJ) issued its “Evaluation of Corporate Compliance Programs” document. Exactly a year later, it remains ...

Travel & Expense

3 Ideas to Help Employees LOVE Business Travel Again

On Valentine’s Day, your Facebook page is bound to be riddled with photos of your coupled friends taking off on romantic getaways to popular destinati...

Travel & Expense Purchase Card

5 Things Missing in Travel Policy

When is the last time you updated your travel policy? Many companies write their travel policy once and then forget about it. Despite the seemingly en...

Travel & Expense

AI is the best thing to happen to your travel program

Artificial intelligence (AI) has recently received a lot of ink regarding the impact the technology will have on the workplace and the jobs we do.

Purchase Card

Split Transactions Can Signal Potential Purchase Card Abuse

Shuffling through the purchase card (P-Card) transactions in most organizations can reveal some strange things. We’ve seen some doozies come across sp...

Travel & Expense

How to Deal with Repeat Offenders of T&E Policy

Every company has a few employees who violate company travel policy repeatedly. It seems no matter how many times you remind them, they repeat policy ...

Travel & Expense Purchase Card Artificial Intelligence

To Fight T&E Fraud and Waste, Focus on Repeat Offenders

When he’s on the road, Joe frequents gentlemen’s clubs on the company dime. Before she leaves on a business trip, Melissa boards her dog and later sub...

Travel & Expense Purchase Card

Don’t be Duped by Duplicate Expenses in Corporate Spend Programs

It’s said, “Good things come in pairs.” In the case of travel and expense (T&E) and purchase card (P-Card) transactions, this bit of wisdom could not ...

Procure-to-Pay

Four Keys to Reduce Vendor Fraud Risk

You never plan to have inaccurate data in your vendor master file, but it happens over time. Incorrect and unnecessary vendor data builds up, which ca...

Travel & Expense Purchase Card Artificial Intelligence

Checking Twice: Find Out Who’s Been Naughty or Nice in Corporate Spending

The most wonderful time of the year is upon us. An expected 100 million Americans will travel during the holidays, taking time off to focus on family ...

Travel & Expense

Suspicious Out-of-Pocket Expenses Signal T&E Misuse and Fraud

It’s not unusual that your travelers need to buy things for the company out of their own pocket. From my last trip, I can think of a handful of out-of...

Travel & Expense Artificial Intelligence

Control T&E Expenses: 5 Things Every CFO Should Keep Top of Mind

As a significant operating expense for most entities, travel and entertainment (T&E) is an easy target for any CFO wanting to drive cost reductions ac...

Travel & Expense Artificial Intelligence

Airport Upgrades, Apps and Travel Policies - The Future of Corporate Travel

Travelers have less confidence in airlines than ever before. IT meltdowns bring flights across the country to a halt. Oversold flights regularly ruin ...

Travel & Expense Purchase Card

Quick Tips for Changing Employee Behavior in Your T&E Program

Influencing and changing behavior can be tricky in the workplace, particularly when it comes to getting employees to alter their spending habits. Savi...

Travel & Expense Artificial Intelligence

Artificial Intelligence has arrived – and will improve your expense report audit process

Businesses from every industry are in a frenzy about how Artificial Intelligence (AI) is transforming how we work, and where we apply our human reason...

Travel & Expense Purchase Card

Trick or Treat: Are Employees Padding Expense Reports?

Bring out the candy corn; Halloween is just around the corner. It’s a time for frights and spooks, treats and, yes, one too many tricks. Thankfully th...

Travel & Expense Purchase Card Artificial Intelligence

5 Things that Make Auditing Expense Reports a Total Pain

Expense report auditing remains a highly manual, difficult process for many organizations. So much so that many just skip it. Aberdeen reports that le...

Travel & Expense Purchase Card

T&E dilemma: when the bad guys look like good guys

In any travel program, you have compliant travelers and non-compliant travelers. People who almost always spend within policy and people who push the ...

Travel & Expense Purchase Card

Bleisure Travel Shows No Signs of Letting Up

Bleisure travel rose 1 percentage point last year to 37 percent of business travelers, according to the latest stats from GBTA. This number jumps to 4...

Travel & Expense Purchase Card Artificial Intelligence

4 Tips to Get Your CFO on Board with Automated Expense Report Audit Technology

Spending on global business travel is expected to reach $1.6 trillion by 2020. While business travel budgets are expected to increase, your CFO would ...

Travel & Expense

9 Questions to Evaluate your T&E Expense Risk

You’ve probably said it before: “We don’t have a fraud problem.”

Travel & Expense Purchase Card

Did Your Corporate Card Go on Vacation?

As summer winds down, do you know whether your corporate cards have been going on vacation with employees? It’s a valid question.

Travel & Expense

It’s time travel managers adapt T&E policy for the sharing economy

The Economist had an interesting read on corporate travel and the sharing economy. The article looks at a Global Business Travel Association’s (GBTA) ...

Travel & Expense Purchase Card

Expense Management Software Is NOT Enough

We’re big fans of travel and expense management software. Solutions like Concur, Certify, and Workday have enabled companies of all sizes to streamlin...

Travel & Expense Purchase Card

Troubling T’s of Manager Approval of Expense Reports

The ACFE found that 75% of employees who commit expense report fraud are engaged in another form of occupational fraud. These bad apples—employees who...

FCPA

Ignoring FCPA compliance for short-term gains may be tempting but you’ll lose in the end

Now that the Foreign Corrupt Practices Act (FCPA) has been around for many years, the expectations from the DOJ have become clearer. Having compliance...

FCPA Procure-to-Pay Travel & Expense Purchase Card Company Culture

Oversight is a “Cool Vendor”

What does that mean? Leading analyst firm Gartner recognized Oversight as a “Cool Vendor” in the Procurement and Sourcing Technology report. Of course...

Travel & Expense

Is your T&E Program Flying Blind?

We have discussed in recent blogs that spending on global business travel is breaking records and is expected to continue rising – reaching $1.6 trill...

FCPA Travel & Expense

Operationalizing Compliance: New Webinar with Compliance Week and Tom Fox

There’s been a lot of lip-service paid to “operationalizing compliance” since the Department of Justice’s Evaluation of Corporate Compliance Programs ...

Travel & Expense

Automating the Expense Process: How long before you can eliminate manager approval?

Most of the companies we talk to recognize that manager approval of expense reports is a very ineffective control. It’s easy for managers to just clic...

Travel & Expense Purchase Card

How to Curtail Costs as Global Business Travel Spend Rises

Spending on global business travel is on the rise and expected to reach $1.6 trillion by 2020. That’s a 23% increase over last year. In the United Sta...

FCPA

The Compliance Oversight Review Committee Matters

Do you need a Compliance Oversight Review Committee? I recently read Thomas Fox’s article in FCPA Compliance Report on this very topic. Fox advocates ...

Travel & Expense Purchase Card

Spend Analysis Report Vol. 3: 10% of Travelers Commit Nearly all High-Risk Purchases

To uncover fraud, waste and misuse in your company’s T&E program, you need only focus on a fraction of your travelers. Oversight’s third annual Spend ...

FCPA

FCPA Enforcement under the New Administration

The potential changes coming to the regulatory landscape can get your head spinning. President Trump has demonstrated that he is ready to make changes...

Travel & Expense

Artificial Intelligence (AI) Can Eliminate Manager Approval of Expenses

Employees and managers have been given many wonderful tools to streamline the expense reporting process. Because of technology, employees have the mea...

Travel & Expense Purchase Card

Bleisure Travel is Here to Stay

Imagine this…you walk out of a business meeting on Friday. Instead of rushing to the airport with your carry-on in tow, you leisurely stroll to your h...

Travel & Expense

Battle of the Sexes: Business Travel Edition

In 2017, most road warriors expect to travel for business about the same amount as they did this year, which is good for business. Business travel imp...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Artificial Intelligence Will Transform How We Manage Risks – For The Better!

More frequently we read news alerts about cyber attacks. The scary notion is that the cyber world has become a dangerous arena where most anything goe...

Travel & Expense Purchase Card

Millennials Redefine Business Travel

Millennials now make up the majority of the U.S. workforce and by 2020 will account for 50 percent of all business travel spending. But millennials vi...

Travel & Expense

How are Analytics Changing the Way Companies Detect Fraud & Waste?

Ever heard of the project management triangle? It basically states that whenever you’re building something it can either be two of these three things ...

Travel & Expense Purchase Card

Data Driven Truth: Manual Expense Review is Harming Your Company

Our awesome technology partner, Concur, recently released a study that reveals how manual expense management is harming employees and companies. While...

Travel & Expense

Does Satisfied Business Travelers = More Compliant Business Travelers?

The Global Business Travel Association and American Express Global Business Travel teamed up recently to release a report on overall traveler satisfac...

Travel & Expense

Five Business Travel Fraud Schemes and How Oversight Can Protect You

I got very excited reading this great article, “Five Business Travel Fraud Schemes Tech is Dismantling,” because each of the five schemes mentioned is...

Company Culture: Oversight Spotlight Sue Fleming

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

FCPA

DOJ Fines No Longer a Cost of Doing Business: Automate Ongoing Transaction Monitoring to Reduce FCPA Risk

We come to you with this whitepaper because of the many recent FCPA violations and settlements large companies have faced since the implementation of ...

FCPA

Major League Baseball and FCPA Compliance Aren’t All that Different

Batter up! As we head into Major League Baseball playoffs, it’s a good time to revisit FCPA compliance. That’s right, I said FCPA compliance.

FCPA Procure-to-Pay Travel & Expense Purchase Card

The Easiest Way to ‘Tone at the Top’

I love this article by Tom Fox for Compliance Week. In the piece he states that ‘Tone at the Top’, while effective, is one of the most clichéd terms i...

Company Culture: Oversight Spotlight Sarah Zoloth

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

FCPA Procure-to-Pay Travel & Expense Purchase Card

2 Ways Visual Analytics Can Help Your Company Be More Strategic with Your Anti-Fraud Efforts

Recently the Wall Street Journal published an article on how modern companies are using analytics to better assess risk and combat fraud. Although the...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Expense Fraud: Fact or Fiction

I recently read this article in Computer Weekly about making fictional expense claims a thing of the past, and I enjoyed it.

FCPA

If You Find Your Company in Violation of the FCPA

Given that we provide technology for ensuring Fortune 500 company’s T&E programs are FCPA compliant, we like to stay abreast of the latest news in the...

Travel & Expense

Can Your T&E Compliance Technology Bring Business Travelers Back in Line?

I know, I know. I’m raising a big question in the title of this blog. I’m asking the question because I recently read an article about how a thoughtfu...

FCPA

Proactive Steps for Companies Looking to Protect Themselves from FCPA Vulnerabilities

At Oversight, we’ve been investing a lot of energy into developing our platform for Insights On Demand™ for FCPA. Recently we read Joseph Spinelli’s a...

Company Culture: Oversight Spotlight Ashlee Holmes

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

Travel & Expense Purchase Card

Addressing Vulnerabilities in Travel Expense Management

Oversight has spent the last 13+ years analyzing the travel and expense transactions for many of the largest business organizations in the world. Afte...

FCPA

How to Build a Substantive Culture of Compliance

FCPA – we’re talking about it all month long. If you keep up with FCPA news (like we do) you’ll know that creating a culture of compliance is more imp...

FCPA

FCPA Month + Building a Better Program

We’re unofficially calling June “FCPA month” here on the Oversight blog.  But why is FCPA compliance so important? In this piece on The FCPA Blog (whi...

Travel & Expense

How Much is Business Expense Fraud Costing Your Business?

A recent survey of 1,000 business travelers revealed that business travel fraud is costing businesses up to 2.8 billion per year. 

Company Culture: Oversighter Spotlight Julia Versaci

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

The Oversight Shadowing Program

In the past, I’ve talked a lot about how Oversight makes an effort to develop our career skills and present us with opportunities to take on new roles...

Travel & Expense

The Impact of Insights On Demand on Travel and Expense Program Management

Travel and expense management has traditionally fallen into one of three categories.

Travel & Expense

The Hitchhikers Guide to Using Insights On Demand

May is one of my favorite months. Summer is almost here, the long Memorial Day weekend, and also Towel Day. Held on May 25th, Towel Day honors the wor...

Company Culture: Oversighter Spotlight Samantha Dolan

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

FCPA Procure-to-Pay Travel & Expense Purchase Card

The Biggest Reason to Consider Insights as a Service

We loved seeing this Information Week Article by Lisa Morgan on the “8 Reasons to Consider Insights-As-A-Service.” While some of the reasons given are...

Company Culture: Being a Part of the Oversight Family

Today Account Manager, Stephanie Yates, shares a bit about her experience working at Oversight.

FCPA Procure-to-Pay Travel & Expense Purchase Card

If You Only Have 10 Minutes to Learn about Oversight… Read These Three Things

When researching what a company is all about online, it’s easy to become overwhelmed by the amount of information available. Particularly with a compa...

FCPA

How Proactive Monitoring Can Save You Millions

Recently, Novartis came to a settlement with the SEC about an FCPA action.  In case you are unfamiliar, the key points of the violation are this: 

Travel & Expense

3 Outstanding Functionalities of Our Workbench

The Insights On Demand Travel and Expense (T&E) module leverages a broad spectrum of sophisticated analytics to review 100% of a company’s travel-rela...

Travel & Expense

The Art of Navigating Concur Fusion, Oversight Style

The 2016 Concur Fusion conference was held in Las Vegas, NV at the Venetian Hotel. The week-long event was filled with gatherings related to the most ...

Company Culture: Oversighter Spotlight Hendrik Kriek

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

Travel & Expense Purchase Card

Can Monitoring Card Spend Equal Healthier Spending Habits?

Nearly a year ago a Delaware media outlet published a story on state workers and their astronomical fast food spending. State employees of Delaware ap...

FCPA

Compliance Week Webinar - Q & A with Patrick Taylor

On February18th, Compliance Week held a webinar presented by Oversight’s CEO, Patrick Taylor. In excess of 700 corporate compliance executives registe...

FCPA Procure-to-Pay Travel & Expense Purchase Card

You Can Have It Both Ways with Oversight Insights On Demand™

Some believe that they only have two choices to improve compliance within their disbursement processes:

Company Culture: Oversighter Spotlight Neha Wood

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

Travel & Expense

Get to Know the Insights - Unusual Mileage

Since 2015, many exciting things have happened at Oversight Systems, including the launch of a handful of new Insights in the T&E module. Let’s take s...

Oversight Excels at Promoting from Within

When I started on the Demand Generation team almost two years ago, there was a total of five of us. In the early days of the program it was up to us t...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Oversight vs. Valentine’s Day: 5 Reasons Why You Should Love Us

Whether or not you believe that Valentine’s Day is a money-suck, chances are you’ll buy flowers for that special someone in your life. To cover the ba...

FCPA

Taking Dynamic Steps to Reduce FCPA Risk in 2016

Writing about FCPA compliance and the reduction of FCPA risk is well tread territory on the Oversight blog. It’s also a big topic in the news and on s...

Meet the 2016 Oversight Blog Squad!

Mid-2015 you may have noticed a shift on the Oversight blog: we went from having three regular contributors to six! By doubling the amount of people w...

Travel & Expense

Recapping the Concur Ignite Event

During the week of January 11th, Oversight took part in Ignite, Concur’s annual sales kickoff event. Ignite attendees traveled from all over the globe...

Company Culture: Oversighter Spotlight Jessica Kirk

As part of our monthly “Company Culture” blog series, we’re publishing interviews with Oversight team members so clients and prospects can get to know...

A Better Way to Audit Expenses in 2016

The beginning of a new year is a great time to reflect back on the accomplishments of the previous year. At Oversight, we had a lot of exciting things...

FCPA Procure-to-Pay Travel & Expense Purchase Card

The Top 10 Oversight Blog Posts from 2015

2015 has come to an end. Can you believe it? If you’re like us at Oversight, you’re probably wondering where the year went. It seems like the days wen...

Travel & Expense

Automating the Compliance Monitoring Process

What feels like Christmas every month?

FCPA Procure-to-Pay Travel & Expense Purchase Card

Why Do Clients Select Oversight?

Prospects always want to know why our clients have selected Oversight Insights On Demand™, but rather than just the “why,” it’s nice to show them the ...

Travel & Expense Purchase Card

The Oversight Spend Analysis Report 2015 Highlights – (Part II)

Last week, Oversight debuted the second annual Spend Analysis Report, a compilation of data gathered from an analysis of 16 million purchase card tran...

Travel & Expense Purchase Card

The Oversight Spend Analysis Report 2015 Highlights (Part I)

After many months of hard work, Oversight is proud to announce the release of its second annual Spend Analysis Report, on the state of spending within...

Travel & Expense

Swimming with the Sharks

Earlier this month, I was able to attend a Concur Fusion event in Washington, D.C.. Aside from the usual benefits to this event, like meeting customer...

Company Culture: Oversighter Spotlight Chris Ficquette

As part of our monthly “Company Culture” blog series, we’re going to start publishing interviews with Oversight team members so clients and prospects ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Oversight vs. Thanksgiving: 5 Reasons to Eat Up

It’s that time of year again. You know the one—with the bird and the cinnamon and football. It’s time for friends and family and thankfulness. Unfortu...

Travel & Expense

Oversight’s Top 5 Posts About Why Insights On Demand is the Software for You

With Thanksgiving just around the corner, everyone is likely preparing for a big meal and time off with friends and loved ones. Also around this time ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Oversight Systems Participates in Anti-Fraud Collaboration Webinar

On Tuesday, October 27th 2015 Oversight’s CEO Patrick Taylor participated in a joint webinar with the Anti-Fraud collaboration. The webinar featured M...

FCPA

FCPA Enforcement: A Serious Business

I was recently researching the Foreign Corrupt Practices Act (FCPA) while developing sales material for Oversight's FCPA monitoring solution. While vi...

Company Culture: Oversighter Spotlight Chris Hamilton

As part of our monthly “Company Culture” blog series, we’re going to start publishing interviews with Oversight team members so clients and prospects ...

Travel & Expense Purchase Card

Does T&E Fraud, Waste, and Misuse Exist in Your Program?

As most of you know, Oversight offers a free trial run of our software to qualified prospective customers. I’ve always been curious as to why any comp...

Travel & Expense Purchase Card

The 9 Spookiest Things We’ve Found in T&E Spend

After twelve years of monitoring over 2 trillion transactions, you can bet we have uncovered a few ghosts and goblins. In fact, some of the charges ar...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Customer Feedback: 3 Reasons Why

During the trial process many of our prospects like to ask us this question: “Why did your clients select you?” This is an excellent question, and whi...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Live Demonstrations: A Trick or a Treat?

For any prospective client, an important step in evaluating the value of Oversight Insights On Demand is taking advantage of our Free Test Drive. This...

Travel & Expense

Sometimes Your T&E Program Can Be a Little Scary

Darkness falls. The hairs stiffen on the back of your neck. Fog ensues. These are familiar horror movie tropes, but I think they can also apply to a c...

Travel & Expense

A (Hypothetical) Day in the Life of an Expense Report Approver

Below is a hypothetical conversation that may take place in a company experiencing issues with expense fraud and misuse. (Heather, a sales manager is ...

Company Culture: Oversighter Spotlight- Beverly Kays

As part of our monthly “Company Culture” blog series, we’re going to start publishing interviews with Oversight team members so clients and prospects ...

FCPA

Oversight's FCPA Solutions: NOT a “check-the-box exercise”, Part 4- Tracking

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments?” by Thomas Fox. In this i...

Travel & Expense

Recapping the Concur Chicago Event

This month I attended my first conference representing Oversight along with my colleague, Sam Haase. I was able to attend the Concur event at the McCo...

Travel & Expense Purchase Card

Travelers Spending Badly-- Whose Fault Is It?

Coming just after Payroll, T&E is the second largest controllable expense for most companies, and it’s pretty standard practice now for companies to h...

Travel & Expense Purchase Card

T&E and P-Card Risk Management: Insurance vs. Assurance

I recently started to think about risk management in the context of T&E and P-Card compliance and monitoring solutions. Having traveled extensively in...

Company Culture: Oversight’s Logo Signing Tradition

When entering Oversight’s headquarters, the first thing you’ll notice is a long wall, lined with framed logos representing our customer base. When I s...

Travel & Expense Purchase Card

The Difference Between P-Cards and Corporate Travel Cards and Why You Need an Audit Tool for All

An outsider not in the corporate finance world may have never heard of a purchase card (or “P-Card” for short.) Similar to a corporate credit card, P-...

Travel & Expense Purchase Card

Oversight makes T&E Compliance Easy (Here’s 3 Ways We Do It)

In our culture of increasing technical and social complexity, new technologies that are supposed to make our lives easier can actually create more wor...

Big Data Artificial Intelligence

Star Trek…The Next Generation of Business Intelligence

Our approach, and the approach that I believe is the next generation of business intelligence, is what I like to call the "Star Trek" approach. Even i...

FCPA Procure-to-Pay Travel & Expense Purchase Card

The 3 Best Reasons to Take a Test Drive of Insights On Demand

Here are three of the most common objections I hear to people declining the FREE trial of our software.

FCPA Procure-to-Pay Travel & Expense Purchase Card

Who is Your Account Manager, and What Do They Do?

My favorite Arnold Schwarzenegger movie is Kindergarten Cop (Twins is a close second). If you haven’t seen the movie (do so immediately), it’s about a...

FCPA

Want to Learn More about FCPA Prevention? Read these Four Posts

Following up on Julia Versaci’s series on Oversight’s technology solution for FCPA, we would like to highlight additional important FCPA blog posts fr...

FCPA

Oversight's FCPA Solutions: NOT a “check-the-box exercise”, Part 3- Context

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments?" by Thomas Fox. In this b...

Travel & Expense

Fighting Fraud: Best Practices for Auditing Your T&E Program

It’s no secret that Oversight and Concur go together like Peanut Butter and Jelly (see our white paper on this very subject!) We love being a Concur a...

Travel & Expense Purchase Card

Don’t Skimp on Support for Your Operational Expense Programs

A shocking study by the University of Notre Dame’s Mendoza College of Business has discovered that non-profit organizations make accounting errors at ...

Oversight Company Culture: The Pixar Story Telling Contest

I recently read about an approach to story telling that Pixar uses during the initial creative development of their movies. Former Pixar story artist,...

Travel & Expense Purchase Card

Daily vs. Monthly Spend Analysis- A New White Paper by Oversight Systems

Amid our recent efforts to become more prescriptive with our clients, we turned an article our CEO, Patrick Taylor, wrote for CMS Wire into a white pa...

FCPA

Oversight's FCPA Solutions: NOT a “check-the-box exercise”, Part 2- National Languages

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments? by Thomas Fox. In this in...

FCPA Procure-to-Pay Travel & Expense Purchase Card

What Happens After You Become An Oversight Insights On Demand Customer- Part II

Working as an account manager for Oversight Systems, I get a lot of questions from new customers who want to know about the system: Where do we start?...

Travel & Expense Purchase Card

Why We’re Being More Prescriptive When It Comes to Data Science and Compliance

For a long time, Oversight did things quite differently when it came to helping others monitor their T&E spending for fraud, waste, and misuse. Previo...

Travel & Expense

What Do You Get in a Handful of Marbles?

What happens if you put your hand into a bag of assorted marbles and pull out a handful? Well, there’s a chance that you’ll grab the red ones, but the...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Oversight CEO Patrick Taylor’s Best Posts

At Oversight, we’re lucky to have a CEO who takes time out of his busy week to contribute regularly to our blog. Being a thought leader in the data an...

FCPA

Oversight's FCPA Solutions: NOT a “check-the-box exercise”, Part 1 - Country Risk

Julia Versaci As one of the solution designers for Oversight’s FCPA compliance modules, I keep an eye on the news regarding FCPA to make sure that our...

FCPA Travel & Expense Purchase Card

How to Get Employees Attention When it Comes to Your Spending Policy Compliance

On June 23rd I had the pleasure of co-hosting a webinar with Eric A. Sohn, Director of Business Product for Dow Jones Risk and Compliance. The webinar...

Company Culture: The Oversight Blog Squad

  At Oversight, we’re big on promoting thought leadership and sharing cool content via our twice-weekly blog posts. We’re a truly collaborative office...

FCPA Travel & Expense

Oversight’s Two Most Important Rules for Ensuring Compliance in Your Organization

Mike Kenealy, COO of Insiders Integrity, is involved in a project on the Philippines designed to take on ethics at the local level.  The project has f...

Travel & Expense Purchase Card

Is It Time to Take Manager Approval Out of the T&E Loop?

Google the phrase “travel manager” or “travel and expense” and a variety of news articles come up on any given day. It seems like in the last two year...

FCPA

Why Guidance is Missing from FCPA Investigations

The Economist, in its May 9 article, “The anti-bribery business”, takes to task both the US Department of Justice (DOJ) and “FCPA Inc.”  The DOJ is cr...

Company Culture: The Oversight “Lunch and Learn” Program

When I graduated from college and began working at Oversight last year, I wasn’t sure what to expect at my first “real world” job. Thankfully, the exp...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Oversight Announces Release of Version 7.0.3 for Oversight Insights On Demand

At Oversight, we’re always striving to create a better software platform and user experience for our customers. As such, we continually release update...

FCPA Procure-to-Pay Travel & Expense Purchase Card

The Parallels Between Wikipedia and Compliance 2.0

We hear a lot about “Compliance 2.0” in our industry, but what does this really mean?

Travel & Expense

Cloud-Based Expense Management Platforms are the Way to Go

Respondents to Business Travelers News 2015 Expense Manager Survey rated the importance of easing expense report preparation for employees a five on a...

Travel & Expense Purchase Card

Are Business Travelers Really Using Sharing Economy Apps to Evade Corporate Policy?

The Financial Review article, “Business travellers use apps like Uber to escape bean counters - but the bosses are still watching” is a great example ...

Travel & Expense Purchase Card

How to Have a Fully Compliant, Fully Global Travel Program

Is it possible to have a truly global travel program? Business Travel News writers JoAnn DeLuna and Julie Sickel outline the objectives and challenges...

FCPA Procure-to-Pay Travel & Expense Purchase Card

5 Timely Expense Audit White Papers from the Oversight Vault

Oversight’s commitment to furthering thought leadership in our industry is evident in the white papers, reports, and blog content produced for both cu...

FCPA Procure-to-Pay Travel & Expense Purchase Card

The Strength of Keeping Analysis Within the Cloud

I love LinkedIn. I think the reason I love the platform the most is because it provides access to groups full of like-minded individuals in the data a...

Purchase Card

3 Posts on the Importance of P-Card Monitoring

Oversight writes a lot about T&E: how to make travel spending better, easier, and more compliant for businesses. For all our emphasis on T&E, we don’t...

FCPA

A New Whitepaper - What Major League Baseball Has in Common with the FCPA

There have been several high-profile scandals in all sports including doping in track and field, cycling (Lance Armstrong, anyone?), American football...

Travel & Expense Purchase Card

Government Agencies, Adult Entertainment, and Bad Apples

I recently uncovered a super interesting article about an investigation into Pentagon employee’s spending a reported $950,000 at casinos and close to ...

Procure-to-Pay Travel & Expense Purchase Card

Why Everyone Should Be Under the Audit Microscope

The indictment of Washington state auditor Troy X. Kelley is a case study in the inter-connected activities of an alleged fraudster. As we have discus...

Purchase Card

Recapping the 16th Annual NAPCP Commercial Card and Payment Conference

It has been a very busy April for the Oversight sales team, as two of our biggest events, Concur Fusion and the 16th Annual NAPCP Commercial Card and ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Interested in Big Data? We’ve got BIG Blog Posts for Your Business

Each week I’ve been aggregating great pieces of thought leadership we’ve put out on the blog that you may have missed. This week we’re focusing on Big...

FCPA

Oversight CEO Featured on The FCPA Compliance and Ethics Report

Oversight is no stranger to Tom Fox’s blog and podcast The FCPA Compliance and Ethics Report. Having last appeared on the show over a year ago, Patric...

Travel & Expense

Why the Answer Shouldn’t be “No”

My name is Sarah Zoloth—I am team lead for, and a member of, our Demand Generation team at Oversight. This means I have spent most of the last 10 mont...

Procure-to-Pay Travel & Expense Purchase Card

6 Great Posts for Fraud Prevention Month

Did you know that April is Fraud Prevention Month? It snuck up on me too. But it is perfect timing as this week I’m going to highlight some of Oversig...

Purchase Card

Why Purchase Cards Aren’t the Enemy

For someone who happily resides in Georgia, the Dekalb County P-Card scandal with Commissioner Elaine Boyer hit very close to home. (Former DeKalb Cou...

Travel & Expense

5 Take Aways from Concur Fusion 2015

My name is Tyler Davis, and I started at Oversight over a year ago as a DG rep, then became an Account Executive. As one of the newer members of the O...

FCPA Procure-to-Pay Travel & Expense Purchase Card

5 Posts on the Importance of Expense Management

Since March 2014, Oversight has published nearly 100 blog posts, the topics running the gamut from fraud prevention, ensuring FCPA compliance, busines...

Travel & Expense

A CEO Tells Other CEO’s How to Learn More About Their Company’s Business Travel

As the CEO of Oversight Systems, I particularly loved this post on Click Travel about “6 Things Your CEO Wants to Know About Business Travel.” Since O...

Travel & Expense

Oversight’s Top 5 Blog Posts on Travel Spending and Traveler Management

In case you missed it last week, I’m highlighting posts from the past year in the hopes of emphasizing topics you may have missed. Last week I covered...

FCPA

Best of Both Worlds: Why Automated Transaction Monitoring is Better for FCPA

Recently, I read an article on the Wall Street journal about an SEC official giving a talk on how an effective compliance program can limit FCPA risk ...

FCPA Procure-to-Pay Travel & Expense Purchase Card

What Happens At Oversight After You Become a Customer

My name is Ashlee and I started with Oversight in January 2014. I spent over a year on the Demand Generation team, driving sales for Oversight Insight...

FCPA Procure-to-Pay Travel & Expense Purchase Card

5 Posts on Financial Compliance You Can’t Live Without Reading

When I came on board the marketing department at Oversight Systems, a little over a year ago, I was pleasantly surprised by the wealth of information ...

Travel & Expense

Oversight’s Thoughts on the Top Travel Management Priorities of 2015

Tnooz recently republished a great infographic by Carson Wagonlit Travel compiling priorities within the TMC world from over 1300 respondents. While O...

FCPA Travel & Expense

Transaction Monitoring With Human Intelligence- Is it Possible?

Jonny Frank and Rex Homme do a nice job of succinctly addressing why transaction monitoring is the next “must have” anti-corruption tool (http://shar....

Travel & Expense

Oversight In the News

With the New Year in full swing and spring just around the corner, Oversight has been busy working a number of projects to make life for our customers...

Travel & Expense

Oversight, Data Management, and Spring Planting

I recently conducted an interview with The Company Dime on the value of data management and it reminded me of a story I wanted to share with you. For ...

FCPA

The Risk-Reward Equation for Executives and Compliance Leaders.

Sonny Carpenter, in his Criminal Justice article, “Avoid an Investigation: Automate FCPA Compliance”, makes one of the more succinct and clearly reaso...

FCPA Travel & Expense

Misconduct Tales for the Oversight Vault

I confess to having grown weary of companies in the data analysis and/or compliance business that scream tales of fear, uncertainty, and doubt (AKA, “...

FCPA

What Major League Baseball Has in Common with the FCPA

Reconciling sales strategy with FCPA compliance seems like a difficult task, particularly in high-risk markets that offer the evil twins of big market...

Travel & Expense

The Oversight Recap of Concur Ignite 2015

Oversight had the opportunity to participate in the Concur Ignite 2015 sales kickoff last week in Bellevue, Washington. Concur is a strategic Oversigh...

Travel & Expense Purchase Card

Forgetting to “Inspect What You Expect” Happens in the Federal Government Too

The Washington Post recently ran an editorial on the difficulties federal workers are facing nearly three years after the spending scandal over a lavi...

FCPA

“Good” is Often Better Than Doing Nothing At All When It Comes to FCPA

I just read a great article from FCPAblog.com about how transaction monitoring (what we here at Oversight specialize in) is the new “must have” item f...

Purchase Card

How Oversight Powered By TSYS Meets The Needs of Business Travelers and Travel Administrators

TSYS recently collaborated with the Global Business Travel Association (GBTA) Foundation on two surveys looking at the use of corporate T&E cards.  Th...

Travel & Expense

A New Whitepaper - Expense Management and Transaction Monitoring, the PB&J of Finance

Oversight is excited to present our first white paper of 2015, “Expense Management and Transaction Monitoring, the PB&J of Finance.” Written specifica...

FCPA

Why not “inspect what you expect”?

Christopher Bauer makes a quick and effective case for why companies can afford to boost their ethics, compliance, and accountability programs in his ...

Why You Should Take Our Call

Oversight Note: Today on the blog we have our Account Development team lead, Sarah Zoloth to provide a fresh perspective on Oversight’s Insights On De...

Travel & Expense

How to Get the Most Out of Your Concur T&E Program

Recently a prospective customer asked the question, “Since we are using Concur doesn’t it already do everything that your product does?”  One simple a...

Purchase Card

Recapping the NAPCP Canadian Commercial Card and Payment Conference

The new year has begun and Oversight is already on the road and making connections with current and prospective customers at some of the more popular ...

FCPA

Avon’s FCPA Action and the cost of Internal FCPA Controls

Women’s Make Up Retailer, Avon, has been in the news recently for a large FCPA action against the company. The following article is an interesting rec...

FCPA Procure-to-Pay

Expense Fraud is an Insiders Game

President Ronald Reagan was using an old Russian proverb, in speaking to Soviet President Mikhail Gorbachev about an arms control treaty when he said ...

FCPA Travel & Expense

In 2015- focus on external threats, internal threats, or both?

Predictions are traditional at the beginning of the year and the world of fraud and compliance is no different. In this tradition, ACFE Insights blog ...

FCPA Procure-to-Pay Travel & Expense Purchase Card Concur

Highlights from 2014

2014 has been a great year for Oversight. So great, in fact, that we wanted to highlight 10 moments and relive it all again. What a year!

Company Culture

Happy Holidays from Oversight!

Oversight Systems would like to wish you and your family a safe and happy holiday season. To commemorate a great year, we put together an infographic ...

FCPA

3 Tools You Need for a Total FCPA Compliance Strategy

The Thomson Reuters list of benefits from self-reporting FCPA compliance violations boils down to two very good reasons for self-disclosure: 1) cost s...

Travel & Expense Concur

How to Make Travel Managers More Strategic

A new study from the GBTA Foundation, the education and research arm of the Global Business Travel Association, shows that while travel managers are p...

Travel & Expense Company Culture

Simple Beauty Needed: Technology To the Rescue?

It has always been the thought that technology is supposed to help us do more, and do it better and faster than before. Unfortunately the theory and t...

Purchase Card

When Expense Fraud Happens in Higher Education

Recent problems at the Georgia Institute of Technology (Georgia Tech) in the Georgia Tech Research Institute (GTRI) Advanced Concepts Lab are represen...

FCPA Procure-to-Pay Purchase Card Big Data

Oversight in the News!

As Oversight moves forward into the holiday season, we wanted to take a moment to recap our big “wins” for the quarter. It’s been a banner year for Ov...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Data Rich and Information Poor

I recently read a great article from CFO.com about how Chief Financial Officers can generate more value in their offices. The article gives great tact...

Travel & Expense

Why Asking for Physical Receipts is Old School…and Won’t Prevent Fraud

Original expense receipt requirements are an old school approach to expense control.  In fact, I saw a recent list of the top five reasons why most co...

Travel & Expense

The Most Important Thing You Can Do To Reduce Expense Fraud

I recently uncovered a great Entrepreneur article on five ways to reduce expense fraud. Although we have extensively covered this topic in a few of ou...

Travel & Expense

Managing Traveler Friction with Data Analysis

We don’t talk about the aspects of traveling much here on the blog, but today I wanted to comment on an interesting article on traveller friction. Man...

Travel & Expense

The NFL, Compliance, Ethics and You

Football season is in full swing, and you’ve been living under a rock if you haven’t heard about the widely publicized scandal involving the Baltimore...

FCPA Procure-to-Pay Travel & Expense Purchase Card

Growing Trends: Internal Frauds Increasing

As a published author, blogger and thought leader in the fraud risk management arena, I’m in the unique position of seeing global fraud trends across ...

FCPA Procure-to-Pay Travel & Expense Purchase Card Company Culture

The Emperor Has No Clothes! Does Your Dashboard?

Have you ever looked at the dashboards in your business intelligence tool and thought….what stunning conclusion am I supposed to see?

Travel & Expense Concur

Recapping Concur Fusion Toronto

Last week Oversight sponsored the Concur Fusion Exchange in Toronto, Sales VP Mike Harron, and Account Executive Sam Haase and I traveled to the confe...

Purchase Card

A New Whitepaper - 5 Tips for Unlocking Answers Hidden in Your P-Card Transaction Data

Oversight has been hard at work creating a white paper specifically for our customers who leverage purchase cards to manage their corporate spending p...

Travel & Expense Purchase Card Company Culture

Recapping Venture Atlanta

Last week, (October 22nd and 23rd) Oversight had the opportunity to present at Venture Atlanta. Venture Atlanta, for those who don’t know, is Georgia’...

Travel & Expense Purchase Card

Oversight Releases First Infographic: The 3 Biggest Problems in Corporate Spending Programs

Oversight recently released our first ever Spend Analysis Report for T&E. For this analysis we studied the behavior patterns of 160,000 travelers and ...

Procure-to-Pay Travel & Expense Purchase Card Big Data

Big Data Waste is Real. Here’s What To Do About It.

In this great blog by Syncsort, author Mary Hiers posits that there is a dearth of big data going to waste due to the fact that companies do not have ...

Travel & Expense

Expense Management & Transaction Monitoring- The PB & J of Corporate Spending

Expense management solutions are a necessary component of an effectively managed corporate travel program.  These solutions make it easy for companies...

Travel & Expense Purchase Card

The #3 Problem Lurking in Corporate Travel Programs- MISUSE

A few weeks ago, Oversight announced its first-ever Spend Analysis Report. For this compilation of data Oversight analyzed 10 million transactions, a ...

Procure-to-Pay Travel & Expense Purchase Card

When it Comes to Data- Don’t Spend On a Celebrity Quarterback

It’s the beginning of the National Football League (NFL) season in the US and the Barclay’s Premier League (BPL) season in England.  At the beginning ...

Procure-to-Pay Travel & Expense Purchase Card

The #2 problem lurking in corporate spending programs: Waste.

Last week, Oversight debuted its first-ever Spend Analysis Report, a compilation of data we gathered from an analysis of 10 million transactions. Thos...

Big Data

Big Data, Big Answers

John Lucker, Principal and Global Advanced Analytics and Modeling Leader at Deloitte, describes breakthrough analytics that transform strategy (and as...

Travel & Expense Company Culture

Oversight Featured In the News- Venture Atlanta and Gartner Hype Cycles Reports

With Fall in full swing it has been a very busy season for us here at Oversight. This industriousness is reflected in various initiatives on our front...

Travel & Expense Purchase Card

Oversight Releases Spend Analysis Report- T&E Fraud Linked to 5% of Program Travelers

It’s here! Oversight has released its first-ever Spend Analysis Report, a compilation of data from 10 million transactions and over $1 Billion in spen...

Travel & Expense Artificial Intelligence

The Six-Million Dollar Man Meets Business Analytics

I remember as a kid watching the TV show “The Six-Million Dollar Man”; the scientists and doctors got together and made the man “better, stronger, fas...

Purchase Card

Oversight Featured on Pymnts.com Podcast

Oversight recently had the honor of being featured on a podcast for Pymnts.com. Katie Harrison, the Associate Product Director at TSYS, and Manish Sin...

Travel & Expense

27% of Executives Commit Expense Fraud, but what does that really mean?

It was with great interest that I read the results of the Association of Certified Fraud Examiners (ACFE) recent survey on fraud as reported in Busine...

Big Data

You Don’t Have to Win the IT Tug of War

I recently read a great article from CIOonline about the need for a good relationship between the Chief Information Officer and Chief Marketing Office...

Big Data

Leveraging Data Context to Evaluate SEC Football Coaches’ Salaries

Douglas Merrill is spot on in his assessment of the “button effect” with data analysis; the “button effect” being the instance when someone becomes so...

FCPA

The One Tool You Need for an Effective FCPA Compliance Program

In Rebekah Mintzer’s Corporate Counsel article, “Stepping Up Your FCPA Compliance Program”, she quotes experts who accurately point to the positive, a...

Travel & Expense Concur

Recapping the Concur Fusion Exchange Series 2014

Last week was a crazy one: The Oversight VP of Sales, Mike Harron, and I were on the road for the two latest Concur Fusion Exchange conferences. The f...

Travel & Expense

Sharing Economy Companies Are In the Business Travel Market, How Do We Work With Them?

Expenses software giant Concur is always looking for ways to grow their partner network (Oversight is a partner and offers a connector for Concur cust...

Travel & Expense

Why You Need Automated Case Management

In my previous blog post for Oversight, I detailed how Excel no longer cuts it for expense reporting. In the world of reporting and analysis, Excel is...

Purchase Card

A New Whitepaper - Creating a Culture of Corporate Card Compliance

At Oversight, we wait on pins and needles every other month for the analysis subject experts to reveal the latest white paper. We’ve already brought t...

Purchase Card

How much should we incentivize card usage?

In case you missed it, the Department of Justice filed a lawsuit in 2010 against American Express that challenges the practices of Amex (and many cred...

FCPA

Meet the Newest Industry: FCPA Investigations

I recently read an article on the Foreign Corrupt Practices act has become an industry unto itself, and I couldn’t agree more. With the exorbitant ris...

Travel & Expense Company Culture

Our Re-cap of The Global Business Travel Association Conference 2014

I just returned from the GBTA Conference in Los Angeles, which was a great time. All last week (July 26-30) myself, our CEO Patrick Taylor, EVP Chris ...

Purchase Card

Oversight Releases New Case Study for P-Card Monitoring

Our latest case study has been in the works for quite some time!  We are excited to unveil the latest study, as it is our first featuring a client on ...

Company Culture

Oversight Attends Annual AGA Conference

Oversight had the opportunity to attend the Association of Government Accountants (AGA) annual conference again this year. It was held from July 13-16...

Big Data

Does Big Data Mean Big Ethics?

A few weeks ago, some of you may have heard about Facebook’s big user experiment, wherein they manipulated user posts to find out if exposure to emoti...

Travel & Expense Big Data

When it Comes to Big Data Challenges, Improved Reporting Isn’t the Answer

Forrester’s “The Power of Real-Time Insight” survey (done in conjunction with Oversight partner, Concur) is an interesting view of the realities of tr...

Travel & Expense Purchase Card

99 Problems, but T&E Shouldn’t be One

If you keep up with the Oversight Blog, you know there are two things we cite regularly: The Hawthorne Effect, or the phenomenon that employees improv...

Big Data

Big Data for SME’s: One Baby Step at a Time

Enjoyed this blog post by Julien Rio, about his recent presentation at The Big Data and Innovation Conference that small and medium enterprises can, i...

Travel & Expense

Thoughts on the State of T&E Spend

Concur recently released a survey on the state of T&E spend (conducted in conjunction with Forrester Research.) We at Oversight are very excited about...

Travel & Expense Purchase Card

Is Monitoring 100% of Expenses Even Possible?

I have been following blogs by organizations that perform expense report auditing.  It’s a habit in my line of business, being the “software guy” who ...

FCPA

The link between Blue Ocean Leadership, Data Analysis, and Compliance

Tom Fox suggests that “Blue Ocean Leadership” has implications for how Chief Compliance Officers (CCO) and other compliance practitioners can influenc...

FCPA

Walmart’s New List of Compliance Measures

Walmart has become the hot topic in anti-bribery and corruption/FCPA circles.  FCPA professionals, commentators, and other interested parties have com...

FCPA

Compliance: An Ounce of Prevention is Worth a Pound of Cure

Marubeni Corporation’s second FCPA fine in two years is indicative that compliance is easier said than done. Over two years Marubeni has paid a total ...

FCPA

The Software Guy’s Perspective On Compliance

What does an effective compliance program look like?  CEOs read this question and think about it from the perspective of, “What do we need to do to ma...

FCPA Travel & Expense

FCPA and T&E Monitoring

One of our customers calls T&E “the window into the soul of a company.”  Viewed from a corporate compliance perspective, particularly through a briber...

Travel & Expense

How to Stop the Rogue Employees and Bad Actors Within Your Corporate Spending Program

Donna Boehme gets it right when she says every company has the exact compliance program it wants (or deserves).  Donna is particularly critical of tho...

Travel & Expense

The Power of Multi-Dimensional Analysis

Consider this scenario: You are a travel program administrator at a Fortune 500 company. You are tasked with managing the travel program, making sure ...

FCPA

How to Demonstrate Company Compliance at the Board Level

I really enjoyed this piece from the FCPA Blog about how compliance should report more directly to a corporate board, namely through the use of a Chie...

Procure-to-Pay Travel & Expense Purchase Card

Expense Management Should Really Be Spend Management

Pierre Mitchell and Tony Darugar provoke some serious thoughts.  They both observe that “expense management” should really be “spend management” and t...

Purchase Card

A New Whitepaper: 2 Secrets to Fighting Company Card Fraud

Oversight has done it again, and we are pleased to announce the debut of our May digital download, “2 Secrets to Fighting Company Card Fraud.”

FCPA

Good Compliance Is In Good Execution, Not Questions

Asking good questions, as Tom Fox observes in his April 10 blog, “Asking Questions to Build Your Compliance Program”, is the key to opening people to ...

Travel & Expense

Preventive and Detective Controls

I recently read a great blog on GTI Travel about how strict travel policies are absolutely necessary in order to save money and prevent waste and abus...

Travel & Expense

5 Questions to Better Manage Your Travel Programs Hotel Spend

In this infographic by The Beat, 45% of travel managers expect increases in Hotel cost over the next year. While hotels are just one component of the ...

Travel & Expense Concur

Recapping Concur Fusion 2014

Last week, myself and four other members of the Oversight team attended the Concur Fusion event in New Orleans. The event lasted May 6-9, with the bul...

FCPA

Thoughts on Walmart’s FCPA Investigation

The big news in the compliance world lately has been the enormous costs associated with FCPA probes and Investigation for Fortune 500 companies. First...

Travel & Expense

Where To Go When Excel Doesn’t Cut It Anymore

In the world of reporting and analysis, Excel is a very powerful tool. It is used for many functions, including Travel and Entertainment (T&E) reporti...

Travel & Expense

The Importance of Benchmarking and the BTN Corporate Travel Index

Back in March, Business Travel News unveiled their annual Corporate Travel Index. 2014 marked the 30th compilation of the average business traveler pe...

Travel & Expense

How to Increase Control Over Hotel Spend

GBTA research has revealed that over half feel they have more control over their company’s hotel spending policy than they did a few years ago. While ...

Travel & Expense Purchase Card

How to Combat Costs when Business Travel Increases

In this article by Travel Weekly UK, a third of UK travel managers expect the number of business trips to increase in 2014. This of course means that ...

Travel & Expense Big Data

How Big Data Can Help You Make Better Business Decisions

I enjoyed this article from Robert Kugel, and thoroughly agree with its premise: that big data and analytics can be leveraged to make better business ...

Big Data

Leveraging Big Data to Reduce Costs

Below are my thoughts on the article "What You Don't Know Can Hurt You" by John Verver. For background, John Verver is a semi-retired senior executive...

Travel & Expense

A New Whitepaper - 6 Tips to Reduce T&E Waste

Did you know that behind payroll, T&E is your company’s largest discretionary expense? Travel and entertainment spending can represent as much as 6% o...

Purchase Card

Recapping the 15th Annual NAPCP Commercial Card and Payment Conference

Last week, Oversight Systems traveled to Palm Springs, California to participate in the NAPCP 15th Annual Commercial Card and Payment Conference.  The...

Travel & Expense Purchase Card

Unintended Consequences

Today's cloud-based travel and expense systems have significantly advanced since the days of manual report processing. These modern systems promise to...

Purchase Card

Breaking Down the Data Access Barrier

One of the biggest challenges in data analysis is in the acquisition of the data.  Once acquired, the second greatest challenge is mapping the data in...

FCPA

A Closed-Loop Process for Compliance

I recently had the pleasure of reading Tom Fox’s blog, “The Alchemist of Comedy and Utility Industry Compliance”. In addition to a nod to the late Har...

FCPA Procure-to-Pay Travel & Expense Purchase Card

5 Tips for Fraud Prevention

With the close of fraud prevention month, Oversight wanted to recap our favorite fraud prevention tips. How many of our examples below apply to your o...

Travel & Expense Purchase Card Concur

Recapping the Concur Fusion Exchange Event in New York

I just got back from the Concur Fusion Exchange event in New York, and wanted to share my thoughts on the event.

Procure-to-Pay Travel & Expense Purchase Card

Why Fraud Prevention Should be Important To Your Organization

Did you know it is National Fraud Prevention month? Since preventing fraud, misuse, and compliance violations in T&E, P-Card and AP programs is a main...

Travel & Expense

More Expensive Than Meets the Eye: GSA Travel Data Challenge Launches to Help Federal Agencies Better Manage Spend

The GSA Travel Data Challenge is certainly “novel” as Jay Boehmer relates in his recent blog post on The Beat.

FCPA Travel & Expense

Internal Investigations: Automated Transaction Monitoring & Analysis Key to Reducing Compliance Costs

The cost impact of FCPA investigations is less related to fines and more related to internal investigations. These internal costs easily enter the ten...

FCPA Concur

Patrick Taylor Podcast Blog

Oversight Systems CEO, Patrick Taylor, was recently featured on the FCPA Compliance and Ethics Report, a weekly blog that covers the latest trends and...

FCPA Company Culture

Best Compliance Practices: New Tools Empower More Organizations to Internally Investigate

In an insightful compliance-minded blog, Tom Fox recently discussed how conducting internal investigations can be a laudable best practice when it com...

Big Data Company Culture

Bottoms-Up Culture Uses Analysis to Drive Smart Business Decisions at the Frontlines

CFO raises a compelling question: What is the Role of Intuition in a World of Big Data?

FCPA Company Culture

On-demand in Demand?

I recently spoke with Dann Anthony Maurno at Compliance Week on the gaining popularity of on-demand transaction monitoring and analysis. As a culture ...

Purchase Card

Taking the Perplexity out of Purchase Cards

I recently was asked to write an article for Data Informed on the widespread adoption of purchasing cards and how companies can reap the benefits whil...

Travel & Expense

The Theory of Corporate Travel Policy Only Confirmed By Reality of Transactions

As noted by Business Travel News, savings are a top travel management priority in 2014. This is no surprise. Since travel is the second-largest contro...

Purchase Card

Bottom N Analysis

More transaction volume doesn’t always mean more important or more interesting from an audit perspective. A different type of value and perspective ca...

Purchase Card

Top N Analysis

When analyzing your company’s card spend, it is common to study the areas where the majority of spend is occurring. The top N represent the highest ri...

Big Data Company Culture

The Value of Making Business Intelligence Actionable

This is the third and final entry in my series on the evolution of business intelligence, from challenges with deriving value from traditional busines...

Travel & Expense Purchase Card

DATA: The Common Denominator in 2014 Travel Industry Technology Trends

From articles like the one recently published in Buying Business Travel to the topics I hear buzzing in customer conversations, the common denominator...

Company Culture

Research Analysis: There Is a Better Way to Build Effective Compliance Programs

Compliance Week recently analyzed the academic paper, “In Search of Effective Ethics & Compliance Programs,” published last month by University of Ten...

Big Data

Analytics: Must Be Prescriptive for True & Immediate Business Value

A recent InFocus blog post, “Business Analytics: Moving from Descriptive to Predictive Analytics”, by data analytics expert William Schmarzo intrigued...

Big Data

A Better Way to Drive Value from Business Intelligence – Make it Actionable!

In my previous entry on this topic, I laid out three key challenges to driving value from traditional BI solutions:

FCPA Travel & Expense Purchase Card

FCPA Compliance Needs More Than PEP Lists

I used to think that for FCPA, Politically Exposed Persons (PEP) lists were “the bomb.” I thought that the lists were both a) required and b) THE key ...

Big Data

The Challenges with Traditional Business Intelligence

Business Intelligence (also known as dashboarding, reporting, Enterprise Performance Management, and other names, but referenced as ‘BI’ in this post)...

Travel & Expense Purchase Card

When More is Less

Our business is based on automating the monitoring and analysis of 100% of the transactions in an organization’s business processes. For many of our c...

Travel & Expense

Partner Event Takeaways: Audit Automation and Deciphering Valid T&E Expenses Growing Areas of Interest Among T&E Professionals

We recently took part in a great one-day event with one of our strategic partners, Concur, and had a very productive day full of meaningful conversati...

Purchase Card

Finding Needles in a Haystack

Proactively managing risk for corporate card programs for travel is a topic we routinely discuss with our customers. Controlling risk usually begins w...

Travel & Expense Concur

Concur & Oversight: Working to Simplify T&E Reporting & Compliance

Concur’s CEO Steve Singh was recently featured in an interview with Jim Cramer on CNBC’s Mad Money. One of Cramer’s questions for Singh is related to ...

Travel & Expense

More than Just a Single Report: How Monitoring in Context is Essential to Successful Program

The BCBS of Western New York case study featured in Business Travel News is a nice example of realizing the benefits of “inspecting what is expected”....

FCPA Travel & Expense

Compliance: You’re In or You’re Out - The Only Winner Is Effective Program

Compliance as noted in the recent CFO article “Compliance Mountains to Climb” is interesting because it is a pass/fail endeavor. Either a company is c...

Big Data

Insights Needed from Analytics to Drive Frontline Business Decisions

The Future of CIO blog hit the nail on the head with the posting “Predictive Analytics vs. Prescriptive Analytics”, when it raised the key question on...

Travel & Expense

The Power of Observation: A Quick Fix When Company Travel Policy Not Followed by Travelers

The author of the Paymnts.com article “The New Best Practices for Corporate Travel Spend” raises a great issue – company travel policy is not always f...

Travel & Expense

The Hawthorne Effect: Helping Your Employees Comply with T&E Policies

A news story earlier this fall – documenting how a Bay Area strip club was suing Oracle after it allegedly refused to pay a $33,540 bill racked up on ...

Procure-to-Pay

CFOs: Don’t Just Monitor to Prevent Fraud, Act on the Insights

A recent CFO article detailed how CFOs can stay ahead of the game by monitoring specific areas for employee fraud. Among the top 5 areas where employe...

FCPA

Monitoring Used in Compliance & Performance Metrics Drives Business Value

An equally entertaining and informational blog post shared by Tom Fox on his FCPA Compliance and Ethics Blog correlates the story of the Charlie Brown...

Big Data

A More Complete Picture of “Unaccountable: The High Cost of the Pentagon’s Bad Bookkeeping”

Earlier this week, Reuters issued a daunting report on the Pentagon’s accounting practices and inability to properly track expenses. Certainly sheddin...

Travel & Expense Concur

Nip Out-of-Policy Spending with Monitoring & Analysis

Concur recently shared advice on how to fix the “top 3 expense report budget burners” on its blog. In our customers’ experience, a fourth budget burne...

Procure-to-Pay

Effective Analysis Key to Fighting Procurement Fraud

Could, as a Supply Management story notes, procurement fraud potentially be committed by anyone in an organization? In my experience, the answer is ye...

Purchase Card

The Open Booking Debate

The Beat recently published an opinion-based article entitled, The Business Reality of Open Booking that I thought presented a good opportunity for de...

Travel & Expense

Gigaom Podcast Highlights, Validates Oversight’s Cloud-based Data Analysis Approach

Jo Maitland, Research Director for Infrastructure, Cloud Computing with Gigaom Research, invited our very own Patrick Taylor, CEO of Oversight, to tal...

Company Culture

Going Against the Grain

I enjoy reading New York Times technology columnist David Pogue’s blog posts on the latest happenings in technology. His October 10th post discusses T...

FCPA

Got 2014 Compliance Initiatives On Your Radar?

Oversight Systems is thrilled to teaming up with The Network to host an event this week to help companies strengthen their Foreign Corrupt Practices A...

Travel & Expense

T&E Automated Analytics Make Travel Transactions Cool & Easy

The recent article “How to Make Expense Reports Cool” in Fortune Magazine highlighted insights from the Concur CEO Steve Singh on the future of travel...

Travel & Expense Concur

Our Take on Concur Ignite 2014

Oversight had the privilege to participate in Concur's annual sales kickoff event, Ignite 2014, in Bellevue, WA on October 15. Nearly 40 Concur busine...

Travel & Expense

Open Bookings: Do You Want to Encourage an Empowerment Company Culture?

There’s an important cultural dimension companies should consider for Open Bookings. Do we have (or do we want to encourage) an empowerment culture? O...

FCPA Travel & Expense

Manual Business Expense Reporting Not Only Slow, But May Also Be Non-Compliant

Travel Market Report recently covered a story on how many firms are slow to automate their business travel expense reports. Firms that are slower to a...

Travel & Expense

Are Your Business Travelers Spending Too Much Out of Pocket? Analyze & Identify to Create Best Practices

No one likes to feel like they’re owed money after a business trip, yet according to a recent survey, only 27 percent of corporate travelers indicated...

Procure-to-Pay Travel & Expense

Avoid “Maverick Spending” Waste – Blend “Trust but Verify” Balance with Analytics

A recent survey of U.S. office workers revealed that a concept known as “maverick spending” is costing employers tens of thousands of dollars (and in ...

Travel & Expense

Is There an Easier Way to Combat T&E Fraud? Yes.

A survey of corporate travel buyers on combating fraud found, as reported in Business Travel News, that “the most common way corporate travel buyers s...

Procure-to-Pay

Analytics’ Role in Optimizing Your P2P Process

A recent article caught my attention in Spend Matters that advocates an approach toward spend analytics that goes beyond sourcing, and one that can be...

FCPA

Transaction Monitoring: On Demand Best Practice for Anti-Bribery & Corruption Programs

In an article published in Ethisphere Magazine, Thomas Fox analyzes recent FCPA related cases and makes the case for Transaction Monitoring as a best ...

Travel & Expense

The Importance of the Feedback Loop in Fine Tuning Your Compliance Program

Thomas Fox recently shared this thought-provoking analogy on his blog: You can fine tune a piano, but you can't ‘tuna fish’; and offered advice on fin...

Travel & Expense

Tip #6 for Cutting T&E Waste and Abuse

Our sixth in a series of tips for cutting T&E waste is focused on receipt limits.

Big Data

Want Meaningful Analytics? Focus On Results, Not on the Analytics

I recently read a LinkedIn discussion in the Gartner Business Intelligence & Information Management (Xchange) group that was started by analyst Doug L...

Travel & Expense

Tip #5 for Cutting T&E Waste and Abuse

Our fifth in a series of tips for cutting T&E waste is focused on lodging and meal outliers.

Travel & Expense

Open Bookings Evolve TMCs’ Thinking & Approach to Managing Travelers

Travel Market Report recently reported on how open booking demands a shift in the thinking of TMCs. With open bookings, travelers have more discretion...

Travel & Expense

Tip #4 for Cutting T&E Waste and Abuse

Our fourth in a series of tips for cutting T&E waste is focused on weekend and holiday purchases.

Travel & Expense

Evolving Business Travel Tools Drive New “Trust but Verify” Approach to Effectively Managing Corporate Travelers

A recent Fast Company article by Kim Goodwin forecasted what business travel will look like in 2014. The writer keenly noted: “One trend that was abun...

Travel & Expense Big Data

Travel Managers: Don’t Retool IT Operations to Get the Answers You Need

A recent piece in Travel Market Report notes this commentary from Harvard Business School visiting professor Thomas Davenport, Ph.D.: “For travel sell...

Travel & Expense

Tip #3 for Cutting T&E Waste and Abuse

Our third in a series of tips for cutting T&E waste is focused on suspicious out-of-pocket expenses.

Travel & Expense

Tip #2 for Cutting T&E Waste and Abuse

Our second in a series of tips for cutting T&E waste is focused on identifying and addressing misclassified expenses.

Travel & Expense

Tip #1 for Cutting T&E Waste and Abuse

Did you know that T&E is probably your company’s second largest discretionary expense, representing as much as 6% of all corporate expenses? And that ...

Travel & Expense

Answers on the Run

I like to run. As I have grown older and slower over the last ten years, I have progressed from 5Ks and 10Ks to half-marathons and marathons. One thin...

Travel & Expense Concur

How Timely is Timely for Corporate Travel Managers?

A comprehensive and recommended report produced by Concur, the organization’s Concur Expense IQ Report, provides exclusive analysis of the T&E spend f...

Big Data

Start With the Questions, Act on the Answers

We follow a lot of analysts, consultants, and vendors on topics related to data analysis and big data. Many discussions today focus on the shortage of...

Big Data

Answers Matter

I follow a number of LinkedIn groups that discuss data analysis and big data topics and find it interesting that these groups are mainly dominated by ...

Travel & Expense

Inspect What You Expect

Our most popular Insights in the T&E (Travel & Expense) Insights Family are those that analyze employee expense behaviors.  Overwhelmingly, our custom...

Procure-to-Pay

More Than A Pretty Face: The New Oversight Web Site

After months of planning and development, we are proud and excited to unveil our new Oversight web site today. Our new site represents the next genera...

Travel & Expense Big Data

Size Doesn’t Matter - When It Comes to Data, It’s All About the Answers

A recent Buying Business Travel article noted how big data has become the buzz word of the year. More important than buzz, however, are the important ...

FCPA

How Can Insurers Improve Operations by Fighting Fraud?

The processes that Sanjeev Kumar discusses in the recent piece Fighting Fraud Offers Insurers Operational Improvements for fighting insurance fraud re...

Big Data

GigaOM Research Highlights Growing Need for Operational Intelligence

In a new report available from GigaOM research highlights Operational Intelligence Platforms such as Oversight as the needed prescription for transfor...

Big Data

Big Data Analytics as a Service

Sandhill.com recently published a good Q&A article interviewing SumoLogic’s Christian Beedgen and discussing big data analysis and cloud trends. Altho...

Big Data

Applying Big Data Style Analysis to Operational Decisions = Big Time ROI

As it pertains to the recent InformationWeek article “Big Data ROI Still Tough to Measure,” we appreciate the attention to the need to make big data a...

Big Data

We Can All Become Data Scientists

In a recent ZD Net article entitled “Data Scientists Don’t Scale”, author Andrew Brust makes some very compelling points supporting the notion that an...

Purchase Card Big Data

DATA Demo Day a Success, Boosts Confidence that Fight Can Be Won

Participating in DATA Demo Day yesterday reminded me why the fight to eliminate fraud, waste, and abuse in federal government is a fight that can be w...

Purchase Card Big Data

Oversight Systems Selected for DATA Demonstration Day in D.C., Helps Government Leverage Data Analysis for Cutting Waste

Oversight is proud to be invited by the House Committee on Oversight and Government Reform, led by Chairman Darrell Issa, to present at the DATA Demon...

Travel & Expense Concur

My Team of Three

At the recent Concur Fusion conference where Oversight announced its partnership with Concur, I was having breakfast with a group of corporate travel ...

Big Data

When Culture Eats Strategy for Lunch, Accountability for Big Data’s Insights Is On the Menu

The recent Harvard Business Review article “The Value of Big Data Isn't the Data” generated interesting points and counterpoints in comments left betw...

FCPA Big Data

Corruption Never Sleeps

Last time, I wrote about evidential reasoning as a necessary technique for an analysis system. To recap, using a single approach to identify fraud, su...

Big Data Concur

Two New Milestones: Operations Analysis Platform and Concur Partnership

It’s been a very busy month here at Oversight. We announced updates to our Operations Analysis Platform – all aimed at bridging the gap between the ha...

Big Data

Exciting and Cool Isn’t Enough

I recently experienced the excitement and energy around Big Data first-hand as Oversight was selected to attend the GigaOM Structure Data conference i...

Evidential Reasoning: A Multi-Analytic Approach

A very large enterprise software company posted a video on finding fraud, waste, and abuse using a new query tool.  The tool mainly compares names and...

What’s the Key Driver of Mobile Growth for Business Intelligence (BI) Users?

In the recent Forbes article, Mobility and Real-Time Dashboards Will Make Business Intelligence More Pervasive in 2013, it was cited that by 2015, ove...

FCPA

Applying Work Discovery to Your FCPA Compliance Program

I recently read a fascinating change management story by Tom Fox "How to Introduce Change into Your FCPA Compliance Program (Without Blowing It Up)". ...

Big Data

Big Data Advice to CIOs

After reading Tech Journal’s recent article “Big Data Comes with Big Obstacles for Some CIOs,” my advice to CIOs looking at Big Data as a challenge is...

Procure-to-Pay Travel & Expense

Thoughts on the AGA Conference: Experts Agree “Pay and Chase” Not the Answer

In his opening address to the Association of Government Accountants (AGA) National Leadership Conference, Gene Dodaro, Comptroller General of the Gove...

Travel & Expense

Business Action – Powerful Concept When Delivered to Frontlines

On the subject of industry analyst Dr. Robin Bloor’s blog “Operational Intelligence – Is This the End Game for Big Data?”, I would offer that “Busines...

Travel & Expense

The Devil is in the Details

As it regards to the recent Smart Data Collective piece, “Big Data Analytics, Business Intelligence and the Mind of Sherlock Holmes”, whether we’re ta...

Travel & Expense

What the Obama Campaign Teaches Us about Big Data Analytics

The election is long over but I find it interesting to look at some of the ways that the Obama Campaign successfully leveraged data. The real trick to...

Travel & Expense

Beyond BI: What’s in a Graph - Really?

While perusing a BI demo I was struck by a featured graph with 15 bars showing sales results for various promotions.  The presentation was beautiful a...

Travel & Expense

The Messy World of Big Data

Gartner analyst Svetlana Sicular recently wrote on the topic “Big Data is Falling into the Trough of Disillusionment.” It provided much food for big d...

Travel & Expense

Real-Time Analytics and the Importance of Timeliness

SearchBusinessAnalytics recently published a very timely piece entitled, “Real-time analytics brings BI data directly into business operations”. The a...

Travel & Expense

IDC and SAP Whitepaper Offers Valuable Big Data Solutions Overview

The IDC /SAP whitepaper, “Big Data: Trends, Strategies, and SAP Technology". presents a solid case around the emerging shift from the information econ...