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

Wed, Aug 21, 2013

Cost-Effective, Cloud-based Solution Quickly Identifies Policy Violations, Waste and Fraud to Increase Corporate Accountability and Save Money

ATLANTAOversight Systems, a leading operational analysis software company, today announced a breakthrough approach to analyzing data, Insights On Demand. Designed for corporations and government agencies to identify potential fraud, corruption, and waste, Oversight’s first Insights On Demand are specifically for travel managers and executives.

Available as a free trial, the Insights On Demand benchmark report delivers comprehensive analysis of employee travel and expense (T&E) behaviors.

One of the first Insights on Demand users, Salman Faridi, Information Systems Auditor at Quaker Chemical Corporation said, “The free trial of Insights On Demand by Oversight convinced me this is the way to do data analysis."

Insights On Demand lets non-technical business users quickly review targeted, T&E insights for greater corporate accountability and business success, all directly through the web.

Insights on Demand are being leveraged by launch customers to:

  • Understand misclassifications, suspicious purchases and inappropriate venues
  • Identify duplicate submission of expenses by one or more travelers across expense reports
  • Detect unusual retail spend, out-of-pocket expenses, and other outlier purchases
  • Spot credits for items such as unused flight costs or hotel room charges that have been expensed and reimbursed to employees.

Free the Answers

“The promise of data analysis is uncovering answers quickly,” said Patrick Taylor, CEO of Oversight Systems. “Travel Managers know the value of data analysis, but often lack the time and access to data scientist to do so. Based on our ten years of experience analyzing the data of Fortune 500 customers and government agencies, our new Insights On Demand meet this need, delivering easy, simple and fast answer-freeing analysis. For the first time, the power of high end analysis is in the hands of every travel manager so they can optimally do their jobs, save money and impact positive change in their organizations.”

What are Insights On Demand?

Powered by Oversight and available on OversightSystems.com, Insights On Demand are cloud-based applications that expertly analyze transaction data from multiple sources to deliver specific answers to the most valuable questions travel managers ask of their data. Applying sophisticated predictive analytics, combined with transaction analysis, Insights on Demand applications expertly uncover possible misuse, compliance violations as well as fraud and corruption. The user selects relevant Insights based on their business objectives, tailors the Insights to their policies and business requirements through a simple and quick survey, and then uploads their data for analysis. Insights are delivered in easy to understand dashboards and reports, with detailed findings and recommendations that can be used to make decisions and take action.  Insights On Demand automatically tracks and logs the actions for each finding including input from emails related to reviews, investigations, and corrective activities.

Pricing, Learn More

For a limited time, users can take advantage of a free trial including a benchmark report to better understand the value of Insights on Demand to their organization. Regular pricing starts at $995US for a one-time analysis. Special packages and discounts are available for recurring analysis. Check the Oversight blog to receive important updates.

 

About Oversight Systems

Oversight’s mission is to transform operational analysis.  Business users have questions they know to ask of their data every day and they know what to do with the answers.  Through Insights On Demand, Oversight provides customer-proven best practice analytics that address the objectives of the most common operational data analysis requirements.  Oversight reduces the need for hard-to-find data scientists and reduces the cost for analysis.  Insights On Demand leverages the Oversight Operational Analysis Platform to deliver insights and drive action at the front lines for better decisions.  A Concur, SAP, and Oracle partner, Oversight customers include a range of Fortune Global 500 companies and government agencies and its software is used to monitor nearly $2 trillion in business transactions every year. Visit www.OversightSystems.com for more information.