Oversight Systems Blog

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 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 ...

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.

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

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 ...

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

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 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...

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 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...

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

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...

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...

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...

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...

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 ...

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...

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 ...