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Press Releases

Georgia Tech College of Computing Names Patrick Taylor to Advisory Board

Taylor joins diverse panel of eminent technology experts, business leaders, and entrepreneurs. May 4, 2017—Atlanta, Georgia—Oversight Systems, a leading operational expense analysis company, today announced that its CEO, Patrick Taylor, has been ...

Oversight Systems Partners with Acquis Consulting to Improve Management of Travel & Expense Programs

March 28, 2017—Atlanta, Georgia--Oversight Systems, a leading operational expense analysis company, today announced its partnership with Acquis Consulting Group, a business strategy and implementation consulting company, to transform control and ...

Artificial Intelligence Improves Travel & Expense Compliance by 70 Percent

February 14, 2017—Atlanta, Georgia--Oversight Systems, a leading operational expense analysis company, today announced its third annual Spend Analysis Report found 10 percent of business travelers generate nearly all instances of high-risk spending. ...

Oversight Systems and Mastercard Align on Data Analytics and Fraud Detection for Government Agencies

January 25, 2017—Atlanta, Georgia—Oversight Systems, Inc., a leading operational expense analysis company, today announced that it will align with Mastercard to provide data analytics and fraud detection to federal agencies that participate in the ...

Oversight Announces New Chief Technology Officer

January 10, 2017—Atlanta, Georgia— Oversight Systems, a leading operational expense analysis company, has named Mike Rivers as Chief Technology Officer. Rivers brings more than 20 years of software product development, security strategy and ...

Oversight Completes EU-U.S. Privacy Shield Certification Ensuring Privacy & Data Security for Clients Globally

December 15, 2016—Atlanta, Georgia— Oversight Systems, a leading operational expense analysis company, today announced it has completed and become EU-U.S. Privacy Shield certified by the US Department of Commerce International Trade Administration ...

Oversight Delivers Enhanced Performance and Usability with New User Interface for Insights On Demand™

September 27, 2016—Atlanta, Georgia— Oversight Systems, a leading operational expense analysis company, today announced the new user interface (UI) for Oversight Insights On Demand™. Insights On Demand is the industry leading solution in ...

Oversight CEO Joins Panel at 2016 MasterCard Public Sector Forum

August 9, 2016—Atlanta, Georgia— Oversight Systems, a leading operational expense analysis company, announces its CEO, Patrick Taylor has been invited to present at the 2016 MasterCard Public Sector Forum. With more than 13 years of helping the ...

Luminate Capital Partners Invests in Oversight Systems to Drive Global Growth Strategy

ATLANTA and SAN FRANCISCO, July 12, 2016 – Oversight Systems, a leading operational expense analysis company, today announced that Luminate Capital Partners has made a strategic investment in the company to support its global growth strategy.

Oversight Systems Named a 2016 Cool Vendor in Procurement and Sourcing Technology by Gartner

May 25, 2016—Atlanta, Georgia— Oversight Systems, a leading operational expense analysis company, today announced it has been selected as a Cool Vendor in the Procurement and Sourcing Technology report, 2016 by leading analyst firm, Gartner, Inc. ...

Oversight New Intelligent Case Assignment Capability Delivers Faster Resolution of Financial Risks

March 22, 2016—Atlanta, Georgia— Oversight Systems, a leading operational expense analysis company, announces its new Intelligent Case Assignment capability. Intelligent Case Assignment ensures line of business managers responsible for expense ...

Automated Transaction Monitoring for FCPA Compliance Risk

February 10, 2016—Atlanta, Georgia— Oversight Systems, a leading operational expense analysis company, announces its new automated transaction monitoring solution for Accounts Payable (AP) FCPA/Anti-bribery and Corruption Risk.  Together with its ...

Oversight Annual Report: High-Risk Spending Linked to 10 percent of Business Travelers

December 9, 2015—Atlanta, Georgia--Oversight Systems, a leading operational expense analysis company, today announced the release of its second annual report on the state of spending within global travel programs. The Spend Analysis Report: Volume ...

Oversight Systems Joins Pledge to Stimulate Atlanta Startup Ecosystem

ATLANTA –September 15th, 2015—Patrick Taylor, Co-Founder and CEO of Oversight Systems, the leading operational expense solution, has joined CEOs from a variety of Atlanta companies in taking the StartUp Atlanta CEO Pledge. Startup Atlanta, a ...

Oversight CEO to Present at American Accounting Association Conference

ATLANTA –September 2nd, 2015– Patrick Taylor, Co-Founder and CEO of Oversight Systems, the leading operational expense solution, is set to speak at the annual American Accounting Association conference in New York City.  Taylor will deliver his ...

Oversight CEO to Present at Annual Workshop

ATLANTA –August 7th, 2015– Patrick Taylor, Co-Founder and CEO of Oversight Systems, the leading operational expense solution, will attend the 6th Annual Transformative Technologies in Accounting Workshop and present a seminar, “Rise of the Robot ...

Oversight Unveils Software Release 7.0.3 for Expense Audit Solution

ATLANTA –June 15, 2015 – Oversight Systems, the leading operational expense solution, today announced the release of Oversight Insights On Demand™ Version 7.0.3. Now available to all customers, the latest version offers enhanced design and ...

Oversight Systems Adds New Mileage Insight for T&E Expense Audit Software

Atlanta, GA—February 24, 2015—Oversight Systems, a leading operational analysis software company, announced today the addition of a Mileage Insight to Oversight Insights On Demand™ for Travel and Expense (T&E). Designed to help identify potential ...

T&E Fraud Linked to 5% of Travelers According to New Oversight Report

ATLANTA – September 23, 2014 – Oversight Systems, a leading operational analysis company, today announced the release of its first-ever analysis on the state of spending within T&E programs. The Spend Analysis Report: Volume 1, Fall 2014 provides ...

Oversight Systems Selected to Present at Venture Atlanta 2014

Presenting companies highlight strength of Georgia’s technology community and further position the state as a hotbed of entrepreneurial activity and innovation ATLANTA – September 22, 2014 –Oversight Systems today announced that it has been selected ...

Oversight Systems Named as a Sample Vendor in Gartner Hype Cycle for Business Process Management 2014

ATLANTA – September 18, 2014 – Oversight Systems today announced that, Gartner, the world’s leading information technology research and advisory company, named Oversight Systems as a sample vendor in three Gartner Hype Cycle Reports. Oversight was ...

Oversight Systems Adds Spend Analysis Dashboards to Travel and Expense Monitoring Platform

Automated Dashboards Provide Visual Insight into Spending Habits of Travel and Expense Programs ATLANTA – July 29, 2014 – Oversight Systems, a leading operational analysis software company, announced today the addition of Oversight Insights On ...

Oversight Systems Brings Procure-to-Pay On-Demand Analysis to Corporate AP and Shared Services

Automated Analysis Helps Prevent and Detect Fraud, Misuse and Duplicate Errors ATLANTA – May 21, 2014 – Oversight Systems, a leading operational analysis software company, announced today the launch of its latest family of Insights. Oversight ...

TSYS Partners with Oversight to Strengthen Corporate Card Program Auditing

COLUMBUS, GA – April 7, 2014 – TSYS (NYSE: TSS) announced today an agreement with Oversight Systems to provide an automated monitoring and analysis solution to help corporate purchasing professionals detect and eliminate fraud, policy misuse, and ...

Oversight Systems Introduces Integration with Concur for Trend Analysis of Travel & Expense Programs

Connector Built on the Concur T&E Cloud Platform Offers Automated Data Exchange for Continuous Transaction Monitoring ATLANTA – February 19, 2014 – Oversight Systems, today announced a new, integrated cloud-based travel and expense (T&E) trend ...

Oversight Delivers Cost Effective, On Demand Transaction Monitoring for FCPA Compliance, Anti-bribery and Corruption Risk Mitigation

ATLANTA – December 5, 2013 – Oversight Systems today announced an innovative, web-based solution for compliance professionals to easily monitor high-risk travel and expense (T&E) data and strengthen their companies’ Foreign Corrupt Practices Act ...

Corporate Spending Analysis Redefined, Oversight Releases Purchase Card Insights on Demand with Free Trial

Gain Control Over and Visibility into Purchase Card Programs with Ability to Quickly Identify Inappropriate Use, Improve Policies, Prevent Fraud and Save Money ATLANTA – November 12, 2013 – Oversight Systems, a leading business data analysis ...

Oversight Systems and The Network Host Event to Help Corporations Strengthen FCPA Compliance Initiatives for 2014

Renowned Compliance Experts to Share Knowledge, Trends and Best Practices ATLANTA –November 1, 2013 – Oversight Systems, a leading financial data analysis software company, and The Network, Inc., a leading provider of integrated governance, risk and ...

Oversight Launches Insights On Demand, Delivers New Approach to Data Analysis for Travel Managers

Cost-Effective, Cloud-based Solution Quickly Identifies Policy Violations, Waste and Fraud to Increase Corporate Accountability and Save Money ATLANTA – Oversight Systems, a leading operational analysis software company, today announced a ...

Operational Analysis Can Drive Competitive Advantage and Combat Data Scientist Shortage, New Report Says

Report Released by GigaOM Research Details Value of Actionable Analytics and Insights as Key to Unlocking the Power of Data and Making Better Business Decisions More Quickly ATLANTA, GA – Operational Intelligence Platforms are the prescription for ...

The Network and Oversight Systems to Integrate FCPA-Focused Transaction Monitoring and Compliance Solutions

Partnership supports Department of Justice guidance by holistically addressing FCPA risk identification and mitigation ATLANTA, GA – The Network, Inc., a leading provider of governance, risk and compliance (GRC) solutions, and Oversight Systems, a ...

Oversight Systems Selected for DATA Demonstration Day Hosted by the House Committee on Oversight and Government Reform

Oversight Systems Joins Leading Tech Companies to Demonstrate How the DATA Act Combined with the Right Technology Would Enhance Fraud Detection, Government Management and Transparency ATLANTA, GA – Oversight Systems will demonstrate its operational ...

Concur and Oversight Systems Partnership Accelerates Advanced Travel & Expense Data Analysis

Oversight Solution for Quickly Generating Operational Insights Now Available in Concur App Center to Concur’s more than 20 million users ATLANTA, GA – The pioneering transaction analysis software company, Oversight Systems and Concur, (Nasdaq: ...

Oversight Systems Makes Generating and Taking Action on Big Data Insights Easy for Businesses

Operational Analysis Platform Delivers Critical Intelligence ATLANTA, GA – Oversight Systems, a pioneering transaction analysis software company, today announced its Operational Analysis Platform to help businesses and government agencies evolve ...

Oversight Systems’ Patrick Taylor to Speak at Dow Jones Global Compliance Symposium

Leading Experts, Earl Devaney and Thomas Fox, Join Taylor to Discuss How Data Analysis and Transaction Monitoring Strengthen Compliance and Anti-Corruption Measures ATLANTA, GA – Patrick Taylor, CEO of Oversight Systems, an innovative data analysis ...

Earl E. Devaney Joins Oversight Systems’ Board of Advisors

ATLANTA – January 9, 2013 –Oversight Systems, the leader in continuous transaction analytics software, today announced that The Honorable Earl E. Devaney has joined the firm’s Board of Advisors. Mr. Devaney brings over 40 years of service at four ...

Oversight Systems Announces Partnership with Cotesys

Building on Oversight Success in France ATLANTA – December 10, 2012 –Oversight Systems, the Continuous Analysis (CA) platform for Big Data that generates actionable insights and competitive advantage, today announced an international strategic ...

Oversight Systems to Participate and Exhibit at FCPA National Conference

ATLANTA –November 14, 2012 –Oversight Systems today announced that it will showcase its new, customer-proven Foreign Corrupt Practices Act (FCPA) Automated Transaction Monitoring Solution for accelerating successful policy compliance and preventing ...

Oversight Systems Delivers FCPA Automated Transaction Monitoring Solution

Oversight Accelerates Successful Policy Compliance and Corruption Prevention with Active Policy Management, Risk Analysis and Suspicion Index ATLANTA – October 23, 2012 – In direct response to the Department of Justice (DOJ) and SEC giving ...

Oversight Systems Receives $8.25 Million in Growth Equity Funding

Westbury Investment Partners and Fifth Third Invest to Support Continued Customer Growth ATLANTA – August 21, 2012 – Oversight Systems, whose Continuous Analysis (CA) platform  turns financial transactions into plain-language Big Data insights, ...

Oversight Systems Launches No-Risk, Pay-As-You-Go Continuous Analysis Solutions

Customers get real-time, plain-language alerts that drive ongoing hard-cash ROI ATLANTA – June 26, 2012 – Oversight Systems, the leader in Continuous Analysis (CA) software, today announced rapid deployment Software as a Service (SaaS) offerings. ...

Oversight Systems Granted Patent For Compliance Monitoring Case Management

Patent Number 8,170,902 demonstrates the company’s innovation and thought leadership in Continuous Analysis of financial transactions ATLANTA – June 5, 2012 – Oversight Systems, the leader in Continuous Analysis (CA) solutions that   turn financial ...

US Department of Defense Selects Oversight Systems to Extend the Oversight BAM Software Program for Improper Payments Reduction and Audit Assertion

Oversight’s Big Data predictive analytics help save billions of dollars by identifying and preempting improper payments before cash is disbursed ATLANTA – May 17, 2012 – Oversight Systems, the leader in Continuous Analysis (CA) solutions that turn ...

US Department of Defense Selects Oversight Systems to Help Achieve Full Budget Audit for the US Navy by 2014 Deadline

Oversight’s predictive analytics to deliver Fund Balance with Treasury through automatic reconciliation across multiple systems ATLANTA – May 17, 2012 – Oversight Systems, the leader in Continuous Analysis (CA) solutions that  turn financial ...

Oversight Systems to Announce Innovations in Mobility and In Support of SAP HANA® at SAPPHIRE®NOW

Focuses on “big data” techniques for business analysis and mobility ATLANTA – May 7, 2012 –Oversight Systems, providers of Continuous Analysis (CA) solutions that turn financial transactions into plain-language actionable insights, announced it will ...

Oversight Systems Announces SuperMapper Technology

ATLANTA – May 1, 2012 – Oversight Systems,the leader in Continuous Analysis (CA) applications that turn financial transactions into plain-language insights, today announced its new SuperMapper technology, an innovative approach that simplifies and ...

Oversight Systems Releases Software Version 6.3.1

New Features Improve Flexibility, Manageability and Performance ATLANTA – March 6, 2012 – Oversight Systems, whose Continuous Transaction Analytics (CTA) platform turns financial transactions into plain@language Big Data insights, announced that ...

US Census Bureau Selects Oversight Systems to Monitor Vendor Payments and Excluded Parties

Continuous Transaction Monitoring (CTM) platform to identify and address improper payments before they occur ATLANTA – November 29, 2011 – Oversight Systems, the leader in continuous transaction monitoring, announced today that it has been selected ...

US Department of Education Selects Oversight Systems to Monitor Grants Activity and Vendor Payments

Continuous Transaction Monitoring (CTM) platform to automate audits and identify improper payments as part of ED’s effort to support President Obama’s campaign against fraud, waste, and abuse in the federal government ATLANTA – November 3, 2011 – ...

Oversight 6.2 Achieves Certified Integration With SAP® BusinessObjects™ Process Control

Proactively Identifies Fraud and Errors that Impact the Bottom-line ATLANTA – June 1, 2011 –Oversight Systems announced today its Oversight 6.2 solution has achieved certified integration with the SAP® BusinessObjects™ Process Control application to ...

US Patent Awarded to Oversight Systems

The First of Several Patents Anticipated from the Leader in Continuous Transaction Monitoring Technology ATLANTA, GA – May 27, 2011 – Further solidifying its position as the leader in Continuous Transaction Monitoring (CTM), Oversight Systems has ...