Oversight Systems Blog

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Announcing the 2018 Oversight Systems Customer Excellence Award Winners

From left: Neha Wood and Manish Singh, Oversight Systems; Todd DiPietro, Fidelity Investments; Kimberly Simpson, Fidelity Investments; Karen Irish, In...

FCPA

Part 2: A Primer on the DOJ’s “Evaluation of Corporate Compliance Programs”

In Part 1 of this blog series, we explored how the Department of Justice’s “Evaluation of Corporate Compliance Programs” document can help provide a b...

FCPA

Part 1: A Primer on the DOJ’s “Evaluation of Corporate Compliance Programs”

In February 2017, the Department of Justice (DOJ) issued its “Evaluation of Corporate Compliance Programs” document. Exactly a year later, it remains ...

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...

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 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 ...

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 ...

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...

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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...

FCPA

DOJ Fines No Longer a Cost of Doing Business: Automate Ongoing Transaction Monitoring to Reduce FCPA Risk

We come to you with this whitepaper because of the many recent FCPA violations and settlements large companies have faced since the implementation of ...

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.

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The Easiest Way to ‘Tone at the Top’

I love this article by Tom Fox for Compliance Week. In the piece he states that ‘Tone at the Top’, while effective, is one of the most clichéd terms i...

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2 Ways Visual Analytics Can Help Your Company Be More Strategic with Your Anti-Fraud Efforts

Recently the Wall Street Journal published an article on how modern companies are using analytics to better assess risk and combat fraud. Although the...

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Expense Fraud: Fact or Fiction

I recently read this article in Computer Weekly about making fictional expense claims a thing of the past, and I enjoyed it.

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

Proactive Steps for Companies Looking to Protect Themselves from FCPA Vulnerabilities

At Oversight, we’ve been investing a lot of energy into developing our platform for Insights On Demand™ for FCPA. Recently we read Joseph Spinelli’s a...

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

FCPA Month + Building a Better Program

We’re unofficially calling June “FCPA month” here on the Oversight blog.  But why is FCPA compliance so important? In this piece on The FCPA Blog (whi...

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The Biggest Reason to Consider Insights as a Service

We loved seeing this Information Week Article by Lisa Morgan on the “8 Reasons to Consider Insights-As-A-Service.” While some of the reasons given are...

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If You Only Have 10 Minutes to Learn about Oversight… Read These Three Things

When researching what a company is all about online, it’s easy to become overwhelmed by the amount of information available. Particularly with a compa...

FCPA

How Proactive Monitoring Can Save You Millions

Recently, Novartis came to a settlement with the SEC about an FCPA action.  In case you are unfamiliar, the key points of the violation are this: 

FCPA

Compliance Week Webinar - Q & A with Patrick Taylor

On February18th, Compliance Week held a webinar presented by Oversight’s CEO, Patrick Taylor. In excess of 700 corporate compliance executives registe...

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You Can Have It Both Ways with Oversight Insights On Demand™

Some believe that they only have two choices to improve compliance within their disbursement processes:

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Oversight vs. Valentine’s Day: 5 Reasons Why You Should Love Us

Whether or not you believe that Valentine’s Day is a money-suck, chances are you’ll buy flowers for that special someone in your life. To cover the ba...

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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The Top 10 Oversight Blog Posts from 2015

2015 has come to an end. Can you believe it? If you’re like us at Oversight, you’re probably wondering where the year went. It seems like the days wen...

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Why Do Clients Select Oversight?

Prospects always want to know why our clients have selected Oversight Insights On Demand™, but rather than just the “why,” it’s nice to show them the ...

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Oversight vs. Thanksgiving: 5 Reasons to Eat Up

It’s that time of year again. You know the one—with the bird and the cinnamon and football. It’s time for friends and family and thankfulness. Unfortu...

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Oversight Systems Participates in Anti-Fraud Collaboration Webinar

On Tuesday, October 27th 2015 Oversight’s CEO Patrick Taylor participated in a joint webinar with the Anti-Fraud collaboration. The webinar featured M...

FCPA

FCPA Enforcement: A Serious Business

I was recently researching the Foreign Corrupt Practices Act (FCPA) while developing sales material for Oversight's FCPA monitoring solution. While vi...

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Customer Feedback: 3 Reasons Why

During the trial process many of our prospects like to ask us this question: “Why did your clients select you?” This is an excellent question, and whi...

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Live Demonstrations: A Trick or a Treat?

For any prospective client, an important step in evaluating the value of Oversight Insights On Demand is taking advantage of our Free Test Drive. This...

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Oversight's FCPA Solutions: NOT a “check-the-box exercise”, Part 4- Tracking

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments?” by Thomas Fox. In this i...

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The 3 Best Reasons to Take a Test Drive of Insights On Demand

Here are three of the most common objections I hear to people declining the FREE trial of our software.

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Who is Your Account Manager, and What Do They Do?

My favorite Arnold Schwarzenegger movie is Kindergarten Cop (Twins is a close second). If you haven’t seen the movie (do so immediately), it’s about a...

FCPA

Want to Learn More about FCPA Prevention? Read these Four Posts

Following up on Julia Versaci’s series on Oversight’s technology solution for FCPA, we would like to highlight additional important FCPA blog posts fr...

FCPA

Oversight's FCPA Solutions: NOT a “check-the-box exercise”, Part 3- Context

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments?" by Thomas Fox. In this b...

FCPA

Oversight's FCPA Solutions: NOT a “check-the-box exercise”, Part 2- National Languages

I recently came across a great multi-part series of articles entitled “Why Should Americans Care About the FIFA Indictments? by Thomas Fox. In this in...

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What Happens After You Become An Oversight Insights On Demand Customer- Part II

Working as an account manager for Oversight Systems, I get a lot of questions from new customers who want to know about the system: Where do we start?...

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Oversight CEO Patrick Taylor’s Best Posts

At Oversight, we’re lucky to have a CEO who takes time out of his busy week to contribute regularly to our blog. Being a thought leader in the data an...

FCPA

Oversight's FCPA Solutions: NOT a “check-the-box exercise”, Part 1 - Country Risk

Julia Versaci As one of the solution designers for Oversight’s FCPA compliance modules, I keep an eye on the news regarding FCPA to make sure that our...

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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...

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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...

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Oversight Announces Release of Version 7.0.3 for Oversight Insights On Demand

At Oversight, we’re always striving to create a better software platform and user experience for our customers. As such, we continually release update...

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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?

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5 Timely Expense Audit White Papers from the Oversight Vault

Oversight’s commitment to furthering thought leadership in our industry is evident in the white papers, reports, and blog content produced for both cu...

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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...

FCPA

A New Whitepaper - What Major League Baseball Has in Common with the FCPA

There have been several high-profile scandals in all sports including doping in track and field, cycling (Lance Armstrong, anyone?), American football...

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Interested in Big Data? We’ve got BIG Blog Posts for Your Business

Each week I’ve been aggregating great pieces of thought leadership we’ve put out on the blog that you may have missed. This week we’re focusing on Big...

FCPA

Oversight CEO Featured on The FCPA Compliance and Ethics Report

Oversight is no stranger to Tom Fox’s blog and podcast The FCPA Compliance and Ethics Report. Having last appeared on the show over a year ago, Patric...

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5 Posts on the Importance of Expense Management

Since March 2014, Oversight has published nearly 100 blog posts, the topics running the gamut from fraud prevention, ensuring FCPA compliance, busines...

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 ...

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What Happens At Oversight After You Become a Customer

My name is Ashlee and I started with Oversight in January 2014. I spent over a year on the Demand Generation team, driving sales for Oversight Insight...

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5 Posts on Financial Compliance You Can’t Live Without Reading

When I came on board the marketing department at Oversight Systems, a little over a year ago, I was pleasantly surprised by the wealth of information ...

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...

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

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 ...

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Highlights from 2014

2014 has been a great year for Oversight. So great, in fact, that we wanted to highlight 10 moments and relive it all again. What a year!

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...

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Oversight in the News!

As Oversight moves forward into the holiday season, we wanted to take a moment to recap our big “wins” for the quarter. It’s been a banner year for Ov...

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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...

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Growing Trends: Internal Frauds Increasing

As a published author, blogger and thought leader in the fraud risk management arena, I’m in the unique position of seeing global fraud trends across ...

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?

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...

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...

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...

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...

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 ...

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...

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...

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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...

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 Concur

Patrick Taylor Podcast Blog

Oversight Systems CEO, Patrick Taylor, was recently featured on the FCPA Compliance and Ethics Report, a weekly blog that covers the latest trends and...

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...

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 ...

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 ...

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...

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...

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...

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...

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 ...

FCPA

How Can Insurers Improve Operations by Fighting Fraud?

The processes that Sanjeev Kumar discusses in the recent piece Fighting Fraud Offers Insurers Operational Improvements for fighting insurance fraud re...

FCPA Big Data

Corruption Never Sleeps

Last time, I wrote about evidential reasoning as a necessary technique for an analysis system. To recap, using a single approach to identify fraud, su...

FCPA

Applying Work Discovery to Your FCPA Compliance Program

I recently read a fascinating change management story by Tom Fox "How to Introduce Change into Your FCPA Compliance Program (Without Blowing It Up)". ...