Oversight’s Platform Transforms Compliance Costs into Process Improvement Profits
March 29, 2007 (Press Release) --
ATLANTA (March 26, 2007) – Oversight Systems Inc., the leading provider of automated continuous monitoring solutions for real-time transaction inspection, today announced it will demonstrate its solutions at Shared Services Week 2007 in Orlando, Fla., March 26 through 30.
During Shared Services Week 2007, Oversight Systems will show how it provides shared service center executives with an automated system to drive quality through every transaction and streamline internal controls for SOX compliance. Oversight solutions identify errors as they happen and determine the cause of the problem. With this timely information, shared services managers can stop errors before they result in financial loss or inaccuracies, take action to correct the problem and prevent it from recurring.
“SOX compliance has absorbed a significant part of many companies’ budgets in recent years. It is a continuing struggle to remain compliant and maintain the quality of business processes,” Oversight Systems CEO Patrick Taylor said. “However, compliance should drive profitability not diminish it, and increasingly organizations demand solutions that both deliver bottom-line benefits and satisfy Sarbanes-Oxley requirements. Oversight provides the complete solution for companies to ensure compliancy and drive operational improvements.”
Real-Time Transaction Monitoring for Quality Assurance
• Ensure financial process accuracy by inspecting for quality at every transaction
• Identify and correct transaction-level problems before they affect the closing process
• Eliminate the need for recovery auditors with real-time detection of payment errors
• Analyze transactions across multiple financial systems and various technology platforms
• Identify duplicate payments, segregation of duties violations, fraudulent credits, duplicate payments, uncollected receivables, overpayments and mismanaged vendor files
For more information, please visit: www.oversightsystems.com.
About Oversight Systems
Oversight Systems pioneered true continuous transaction monitoring. Oversight evaluates each transaction in a business process against operational and regulatory compliance metrics. The operational analytics precisely identify issues in real-time when they are easiest to correct, increasing the quality and performance of core business processes like Order-to-Cash, Procure-to-Pay, Travel & Expense and Inventory Management. Real-time transaction monitoring provides a continuous audit for efficient and effective regulatory compliance. Transactions with fraudulent characteristics can be reviewed and resolved before they can impact financial reporting. For more information, visit www.oversightsystems.com.
During Shared Services Week 2007, Oversight Systems will show how it provides shared service center executives with an automated system to drive quality through every transaction and streamline internal controls for SOX compliance. Oversight solutions identify errors as they happen and determine the cause of the problem. With this timely information, shared services managers can stop errors before they result in financial loss or inaccuracies, take action to correct the problem and prevent it from recurring.
“SOX compliance has absorbed a significant part of many companies’ budgets in recent years. It is a continuing struggle to remain compliant and maintain the quality of business processes,” Oversight Systems CEO Patrick Taylor said. “However, compliance should drive profitability not diminish it, and increasingly organizations demand solutions that both deliver bottom-line benefits and satisfy Sarbanes-Oxley requirements. Oversight provides the complete solution for companies to ensure compliancy and drive operational improvements.”
Real-Time Transaction Monitoring for Quality Assurance
• Ensure financial process accuracy by inspecting for quality at every transaction
• Identify and correct transaction-level problems before they affect the closing process
• Eliminate the need for recovery auditors with real-time detection of payment errors
• Analyze transactions across multiple financial systems and various technology platforms
• Identify duplicate payments, segregation of duties violations, fraudulent credits, duplicate payments, uncollected receivables, overpayments and mismanaged vendor files
For more information, please visit: www.oversightsystems.com.
About Oversight Systems
Oversight Systems pioneered true continuous transaction monitoring. Oversight evaluates each transaction in a business process against operational and regulatory compliance metrics. The operational analytics precisely identify issues in real-time when they are easiest to correct, increasing the quality and performance of core business processes like Order-to-Cash, Procure-to-Pay, Travel & Expense and Inventory Management. Real-time transaction monitoring provides a continuous audit for efficient and effective regulatory compliance. Transactions with fraudulent characteristics can be reviewed and resolved before they can impact financial reporting. For more information, visit www.oversightsystems.com.
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