Oversight Systems Blog

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...

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...

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...

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

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 ...

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...

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

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...

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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...

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...

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 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?

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...

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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 ...

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...

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 ...

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...

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

“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...

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

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...

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?

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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

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...

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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...

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...

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 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 ...

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...

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...

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

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...

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...

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...

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

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...

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 ...

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...

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

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

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...

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...

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...

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...

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...

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...

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...

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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

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...