Founded in 2003, Oversight Systems, Inc. is a privately-held, Atlanta-based software company whose continuous transaction monitoring solutions help Fortune 500 companies in a variety of industries solve problems related to governance, risk and compliance. Oversight Systems is anchored by a team of professionals who have helped to commercialize network and operating system security; who have secured the largest financial networks in the world; and who have helped to audit some of the most sensitive and mission-critical applications in the world. The Oversight team has revolutionized the way Management, Boards, Auditors, and Shareholders approach ongoing regulatory compliance and the underlying costs and benefits.

Oversight Systems has nine patents pending on its technology, which features precise, near-human reasoning capabilities to identify potential instances of fraud or misuse in a company’s financial transactions. Oversight software is sold in both managed-on-premise and on-demand configurations.

Oversight Systems has received numerous industry awards, including recognition as one of the Red Herring Top 100 Global Technology Companies for 2009. The company is headquartered in Atlanta, Georgia, and is a graduate company of the prestigious Advanced Technology Development Center (ATDC) technology business incubator, a part of Georgia Tech’s Enterprise Innovation Institute (EI2).

The Oversight Difference

Oversight uses advanced analytics, incorporating a library of over 800 pre-defined Integrity Checks™ across all transaction processes, that effectively combine the tests and heuristics used by forensic accountants, auditors and fraud examiners to continuously monitor financial transactions. Based on this analysis, Oversight’s intelligent workflow system then flags potential “exceptions” and presents the results in a user interface designed to make the review and resolution process efficient. This enables companies to get started with the system and see value right away. More importantly, by enabling them to easily identify the root cause of exceptions, Oversight helps companies refine their accounts payable controls and processes, and to develop and implement best practices for ensuring transaction integrity.

Oversight delivers a hard-dollar ROI, typically within just a few months of implementation. That’s why some of the largest corporations and government institutions in the world rely on Oversight to eliminate fraud, misuse and error from their financial transactions.