Oversight Systems Blog

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 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...

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...

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...

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

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...

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....

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...

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...

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 ...

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

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...

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...

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

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...

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...

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 ...

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

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...

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...

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

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...

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...

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

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 ...

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

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 ...

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...

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...

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

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 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...

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...

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...

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...

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 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...

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...

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...

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 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 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 ...