Joins Limited Group of Cloud Providers Servicing the Federal Government
April 30, 2018—Atlanta, Georgia—Oversight Systems, a trusted provider of AI-powered audit and risk management solutions, announced its Insights On Demand® platform achieved FedRAMP Ready status under the Federal Risk and Authorization Management Program. Oversight is now officially listed on the FedRAMP Marketplace, the central, online portal of cloud service offerings for federal agencies.
Oversight achieved its FedRAMP Ready status following a security capabilities assessment by a third-party assessment organization and will pursue a FedRAMP Agency Authorization in the near future.
“Oversight’s FedRAMP Ready status demonstrates that we are a trusted provider that upholds the highest standards of information security,” said Chris Hamilton, director of information security at Oversight. “Meeting the security standards for FedRAMP Ready status is not only a market indicator to federal agencies, but also to our private sector customers that Oversight has the key capabilities needed to fit their data protection needs.”
In addition to many of the largest private companies in the world, Oversight currently supports the audit and risk management needs of more than 20 U.S. federal agencies, including the Department of Defense’s Defense Finance and Accounting Service (DFAS) and dozens of agencies that participate in the General Services Administration’s (GSA) SmartPay initiative. Partnered with Mastercard®, Oversight provides data analytics and fraud detection to federal agencies in the GSA SmartPay program.
Joining a limited group of cloud providers that have achieved FedRAMP Ready status, Oversight helps ensure their customers operate in a secure data environment that complies with a wide array of industry standards including SSAE-18 / SOC2 Type 22, EU-U.S. and Swiss-U.S. Privacy Shield Framework, PCI/DSS v3, ISO 27001 and NIST 800-53.
FedRAMP is designed to save time and costs associated with completing security assessments of cloud service providers by federal government organizations. Taking a “do once, use many” approach, FedRAMP enables rapid and cost-effective procurement of information systems and services, eliminates duplicate assessment efforts, and ensures consistent application of information security standards across all government organizations.
About Oversight Systems
The world’s largest brands and government agencies trust Oversight to identify employee-initiated spend risk no matter where it resides in their enterprise. Oversight’s AI-powered audit and risk management platform looks across spend categories and source systems to identify and prioritize risks that otherwise go undetected in traditional compliance and managerial reviews. By identifying process breakdowns and making corrections early, Oversight helps create a culture of compliance that reduces out-of-policy spending by 70% while maximizing audit efficiency and eliminating cash leakage enterprise-wide. Visit www.oversightsystems.com
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