I recently spoke with Dann Anthony Maurno at Compliance Week on the gaining popularity of on-demand transaction monitoring and analysis. As a culture in general, we’ve moved to an on-demand way of life. We watch movies on demand and have food delivered to our doorstep, whenever we want. It’s not surprising that this has made its way into the corporate environment. On demand not only equates to “what I want, when I want it” it equates to “being able to get what I want, when I need it, and more easily.” It just makes sense.
It’s no doubt that there is still a lot of adoption to happen. On-demand monitoring is still new to many. However, what isn’t new is the notion that a comprehensive transaction monitoring process can help prevent fraud, cut costs, ensure compliance and much, much more. For companies that lack the internal resources (data scientists, budget) to continuously monitor and analyze data or those that only want to look for a specific type of “insight,” on-demand can allow them to try transaction monitoring without a large upfront investment.
Oversight Insights On Demand™ answers that market need for users to easily obtain the information they need from their data at the times and frequency when it suits them best. To learn more about how IOD can present a natural way to incorporate transaction monitoring into your organization’s anti-bribery and corruption programs, visit our Insights On Demand Marketplace; and let us do the heavy lifting to find meaning in your data with a free test drive.