Message from the CEO

I am delighted to report that our customer base continues to expand, making this an exciting time at Oversight Systems. We directly improve the bottom line for our customers, which is more important than ever in this turbulent economic climate. By partnering with our customers to eliminate fraud, misuse and errors from their business transactions, we improve key financial metrics and optimize regulatory compliance. Learn more about how we can help you in a down economy.

I am very pleased to be able to include the following announcement about Tom Noonan’s appointment as Oversight Systems’ Chairman of the Board. The Oversight family, as well as our valued customers, will benefit greatly from having someone of Tom’s caliber leading our Board of Directors. Also, as we continue to expand the Oversight customer base, we are pleased to welcome Randy Townsend to head up our professional services and support organizations.

– Patrick Taylor, CEO
Oversight Systems

Tom Noonan Appointed Chairman of the Board

Oversight is pleased to announce the appointment of international business veteran Tom Noonan as Chairman of the Board of Directors. Noonan is former chairman and CEO of IBM Internet Security Systems, and founding partner of TechOperators, an early growth stage venture capital firm.

"Oversight Systems is scaling up to meet the growing global demand for continuous auditing, with a great management team and a solution that provides real value to clients," said Noonan. "It is an acknowledged governance best practice to separate the roles and responsibilities of the chief executive officer and the chairman of the board; so, as the Oversight team positions the company for continued growth, they have asked if I would serve as the non-executive chairman of the board. I am very excited about the opportunity this company has to ascend into the leadership position in continuous auditing, based on the rapid ROI and hard-dollar value that Oversight delivers to its clients, who are global leaders in their respective industries."

Cost of Corporate Fraud Up 22%

Financial Week recently reported the average company lost $8.2 million over the past three years to various types of fraud. A worldwide survey of nearly 900 senior executives reports that despite these significant losses, many companies still have not invested in fraud prevention.

Read the full story.

An Ounce of Prevention...

While the cost of corporate fraud is rising at exponential rates, the investment in Oversight's continuous transaction monitoring pays for itself in almost no time. Not to mention curing executive insomnia due to worries about employee theft, regulatory and compliance breaches, management conflict of interest, financial mismanagement, and procurement fraud.

Learn about Oversight's anti-fraud solution.

Randy Townsend Joins Oversight as Vice President of Professional Services and Support

A technology industry veteran with a proven track record of customer service and operational excellence, Randy Townsend, has joined Oversight to head up our fast-growing services and support team.

Find out more about Randy and the rest of the Oversight management team.