Oversight Systems Blog

Travel & Expense

Using AI to Reduce Fraud, Waste and Non-Compliance

Virtually all companies struggle with some level of fraud and non-compliance in their organization.

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...

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...

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

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...

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 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...

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 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 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 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

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...

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...

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...

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.

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...

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...