NEWS & EVENTS
Message from the CEO
Remember your first job? I was a lifeguard. I loved payday! Every week: $118.50! Then, one week, it was less. I found my boss and, after some investigation, we found out that the vacation substitute book-keeper had bungled my hours. Boy, I was relieved to get that money back!
Now, this is a simplistic analogy to revenue leakage, but here are the constants: the dollars lost matter and you must detect the loss early if you’re going to recover them. If your company is experiencing revenue leakage, your finance team wants it stopped. But it’s hard, time consuming and costly to find the root cause. Though many analysts will blame weak billing processes, the truth is that a multitude of errors across your entire revenue chain could be contributing factors: from order management to collections.
Enter continuous controls monitoring for transactions. CCM-T spotlights the weakest links in your revenue chain, corrects errors before the money is lost and exposes opportunity for process improvements. CCM-T can restore dollars, millions over time, to your bottom line. We’d love to tell you how.
– Patrick Taylor, CEO
– Oversight Systems
Case Study
Correcting a Culture of Entitlement
One shared service officer at a Fortune 500 company changed corporate policy, changed violation detection and consequently changed the entire corporate culture. Through a combination of management encouragement and continuous monitoring technology, he reined in T&E expenses and established order where there had been confusion.
White Paper
How Well-Protected Are You? Continuous Monitoring Never Rests
An integral part of managing your cash-flow is guarding your disbursement systems against fraud, misuse and errors. In this month’s McKittrick Report, Chris reviews the complications and solutions inherent in creating a viciously efficient opearation.
Podcast
Who is Oversight Systems?
How do we do what we do? How would you implement our service? Patrick Taylor, Oversight President & CEO, explains it all— quickly and candidly.
Quick Question
May’s Quick Question Results
Does your organization use recovery auditors?
The survey results show that many organizations are using recovery auditors for a variety of reasons. While the leading recovery audit area is general accounts payable transactions, there certainly appear to be some very specialized areas too such as sales & use tax recovery, utility/telecomm bills and freight transactions. Have you considered how using Continuous Control Monitoring – Transactions might help you either reduce your recovery audit service costs or routinely perform your own recovery audits at a lower cost?
June’s Quick Question
FREE t-shirt to the first 50 respondents!
