Manual and atypical journal entries create financial risks that often elude detection. Oversight analyzes entries to ensure corresponding debits and credits are recorded correctly and to confirm intra-company transfers and pre-paids follow expected norms.
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Unusual general ledger postings could indicate fraudulent activity. Oversight protects you from financial loss – and public scrutiny – by detecting and alerting you to materially significant journal entries that are abnormal for your organization. We monitor each entry to spot anomalies, such as unnatural account pairings, and unusual amounts and users.
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Despite approval processes and ERP controls, general ledger errors go undetected. Using AI and machine learning, Oversight analyzes 100% of your general ledger journal entries, uncovering questionable entries that can compromise the accuracy of your financial statements and expose you to risk.
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Early detection of errors helps you close the books more quickly and confidently. Oversight alerts you to journal entry errors, such as duplicate entries, before you complete the close process so you can avoid any last-minute corrections.
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