Oversight Systems Blog

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...

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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.

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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 ...

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[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 ...

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Trick or Treat: Frights to Look out for in Your Corporate Spend

Watch out for the kids in costumes on the streets of your neighborhood tonight. It’s Halloween, the one night of the year for plenty of treats and a f...

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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...

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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...

Procure-to-Pay Artificial Intelligence

Duplicate Invoice Payments: How to Avoid Cash Leakage in Accounts Payable

Duplicate invoice payments occur far more often than most realize, resulting in cash leakage. It’s estimated that companies make duplicate payments at...

Procure-to-Pay

Purchase Order Fraud: How to Identify Red Flags in Procure-to-Pay

Purchase Orders (PO) are a key aspect of maintaining accurate, complete financial records. They serve as an internal control mechanism in the procure-...

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...

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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...

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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...

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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.

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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...

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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...

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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...

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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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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...

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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...

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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...

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Why Everyone Should Be Under the Audit Microscope

The indictment of Washington state auditor Troy X. Kelley is a case study in the inter-connected activities of an alleged fraudster. As we have discus...

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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...

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6 Great Posts for Fraud Prevention Month

Did you know that April is Fraud Prevention Month? It snuck up on me too. But it is perfect timing as this week I’m going to highlight some of Oversig...

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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...

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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 ...

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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 ...

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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!

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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 ...

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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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Big Data Waste is Real. Here’s What To Do About It.

In this great blog by Syncsort, author Mary Hiers posits that there is a dearth of big data going to waste due to the fact that companies do not have ...

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When it Comes to Data- Don’t Spend On a Celebrity Quarterback

It’s the beginning of the National Football League (NFL) season in the US and the Barclay’s Premier League (BPL) season in England.  At the beginning ...

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The #2 problem lurking in corporate spending programs: Waste.

Last week, Oversight debuted its first-ever Spend Analysis Report, a compilation of data we gathered from an analysis of 10 million transactions. Thos...

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Expense Management Should Really Be Spend Management

Pierre Mitchell and Tony Darugar provoke some serious thoughts.  They both observe that “expense management” should really be “spend management” and t...

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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...

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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...

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...

Procure-to-Pay

Effective Analysis Key to Fighting Procurement Fraud

Could, as a Supply Management story notes, procurement fraud potentially be committed by anyone in an organization? In my experience, the answer is ye...

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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 ...

Procure-to-Pay

Analytics’ Role in Optimizing Your P2P Process

A recent article caught my attention in Spend Matters that advocates an approach toward spend analytics that goes beyond sourcing, and one that can be...

Procure-to-Pay

More Than A Pretty Face: The New Oversight Web Site

After months of planning and development, we are proud and excited to unveil our new Oversight web site today. Our new site represents the next genera...

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Thoughts on the AGA Conference: Experts Agree “Pay and Chase” Not the Answer

In his opening address to the Association of Government Accountants (AGA) National Leadership Conference, Gene Dodaro, Comptroller General of the Gove...