Improper Payments and the IPIA

The Improper Payments Information Act of 2002 (IPIA) and Recovery Auditing Act (Section 831 of the Defense Authorization Act for Fiscal Year 2002 (Pub.L. No. 107-107)) requires federal agencies to review programs and activities they administer and identify those that may be susceptible to erroneous payments.

IPIA Solution Overview

Oversight’s continuous transaction monitoring software, as prescribed by laws implemented through Office of Management and Budget (OMB) guidance (OMB Circular A-123, Appendix C), identifies real-time fraud, misuse, and abuse in financial transactions for some of the federal government’s most complex business processes, including:

1. Grants Management Oversight and Reconciliation
2. Vendor, HR Payroll, P-card and Travel Payments
3. Accounts Payable Management

Oversight eliminates improper payments by analyzing individual transactions in the disparate data sources used to monitor program integrity activities. The solution provides workflow and reports to quickly investigate each issue and resolve errors and violations as they occur.

Federal agencies now have an automated solution to address A-123 and IPIA compliance requirements, instantiating controls throughout the payment processes, minimizing overall program risk.

Oversight is available with out-of-the-box functionality to stop erroneous payments before funds are disbursed.

Our expertise includes highly successful implementations that have saved hundreds of millions of dollars in disbursements for the world’s largest organization, the United States Department of Defense.

Oversight Benefits:

• Eliminate instances of improper and duplicate payments for IPIA and A-123 compliance
• Drive quality, transparency and accuracy in the procurement process
• Experience cost-effective problem resolution through a workflow-enabled audit trail
• Comply with OMB documentation of exception handling requirements
• Address mistakes and violations as they occur in near real-time
• Change behaviors to ensure policy compliance
• Actualize quickly, with out-of-the-box functionality

Oversight Systems is the only solution designed specifically for the federal government to prevent instances of fraud, waste, and abuse while delivering extraordinary financial program performance improvements to agencies and its citizens.