oversight insights on demand overview

Insights On Demand

Automated Transaction Monitoring Made Simple

© 2016 Oversight Systems. All Rights Reserved. Confidential & Proprietary.

Most Issues Hidden in Expense Reports

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Pet hotel expensed as lodging during business trip

Sold $200k of company equipment on eBay

Taxi ride expensed twice as transportation


Most Issues Hidden in Expense Reports

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Pet hotel expensed as lodging during business trip

Sold $200k of company equipment on eBay

Taxi ride expensed twice as transportation

75.6% of Employees committing Expense Report Fraud are engaged in another

form of Occupational Fraud


Needle in the Haystack

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• 0.6% of employees cause 25% of the high risk issues

• 10% people cause nearly 100% of the high risk issues

• 48 million transactions by 250,000 employees totaling $3B in spend


Manager Approval is Often an Ineffective Control

Clicking “Approve” is easy

Finding the behavior patterns is hard


Sample Audits Don’t Uncover Behavior Patterns

Transform the way you manage these risks.

Only 20% review

Possible positive confirmation bias

Hard to detect patterns


Insights On Demand – The Answers You Need

• Duplicate & Improper Payments• Duplicate & Invalid Vendors• Unusual Purchases• Vendor Master Risk

• Fraud & Misuse• Duplicate Submissions• Suspicious out of pocket• Meal & Lodging Outliers• Suspicious Keywords• Unusual Mileage• Excessive Personal Spend

• Out of Policy• Split Transactions• P-Card & AP Duplicates• P-Card & T&E Duplicates• Transaction Outlier

• Travel & Expense• Procure to Pay


Insights On Demand for T&E

• Fraud & Misuse: Detect high-risk transactions or patterns of misuse• Duplicate Submissions: Identify duplicate T&E submissions• Suspicious Out-of-Pocket: Detect excessive & suspicious out of pocket activity• Meal & Lodging Outliers: Identify outliers by city• Suspicious Keywords: Flag expenses with suspicious keywords or phrases• Unusual Mileage: Identify outlier mileage activity• Excessive Personal Spend: Detect patterns of excessive personal spend


Insights On Demand for Purchase Cards

• Out of Policy: Identify fraud and misuse out-of-policy activity• Split Transactions: Identify split purchases on a single card or across

multiple cards• P-Card & AP Duplicates: Detect duplicates between P-card transactions

and T&E expenses• P-Card & T&E Duplicates: Detect duplicates between P-card transactions

and AP invoices• Transaction Outlier: Detect high risk unusual transactions for employees

and merchants


Insights On Demand for Procure to Pay

• Duplicate & Improper Payments: Identify duplicate and improper invoices and payments that should not be processed

• Duplicate & Invalid Vendors: Detect and resolve duplicate or invalid vendor entries

• Unusual Purchases: Recognize unusual purchase orders or pricing for vendors, items, and buyers

• Vendor Master Risk: Identify vendors on watch lists and blacklists.


Insights On Demand for FCPA

• Travel & Expense: Identify transactions that are high risk due to the type of transaction, attendee(s) involved, and/or the country where the transaction occurs

• Procure to Pay: Identify transactions that are high risk due to the type of transaction, vendor type involved, and/or the country where the transaction occurs


Turn Key Solution – How It Works

Case Management

DashboardBoolean

RecurrenceFormatOutlier

Chaining

Temporal Meta Reasoning

Bayesian

StatisticalAggregation

Link

Organization Data

Benchmark Data

Third Party Data

Machine Learning

1 Acquire 3 Resolve2 Analyze

We Can Transform Your Travel Compliance Program

Fortune 10 Industrial• Reduced review effort by 82%• Eliminated Manager Approval• Enhanced Fraud Detection

– Went from firing 1 or 2 people/quarter to 5 or 6 people/week

2016 APRIL

Fortune 500 Manufacturer


Getting Started Is Easy

Tailor the analysis with a 15 minute risk survey.You can adjust the predefined risk survey to make sure the data analyzed and delivered is the way you want it.

Insights delivered to your fingertips.We deliver the analysis to you and our there to help guide you through the system making it easy to find the insights you need.

1We manage getting the data for you.Our data scientists will gather all the necessary data and import it into our system.

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Insights On Demand

Find out what Insights On Demand could do for your organization. Schedule a personal demo.

Request Demo

oversight insights on demand overview

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