Human Resources (HR) and Payroll can easily represent one of the top cost items in the entire budget, and the cost of errors, policy violations and related fraud is significant.

Oversight's Continuous Transaction Monitoring solution applies predefined Integrity Checks™, drawn from deep subject-matter expertise and knowledge of best practices. Oversight automates testing of each step in the HR and Payroll process to detect and prevent costly errors, misuse and fraud.

Benefits

• Decreases cost of errors, policy violations and regulatory compliance
• Ensures accuracy of employee records, and streamlines data maintenance process
• Identifies fraud, and serves as a deterrent
• Drives quality and accuracy through every step of the HR and Payroll process
• Optimizes the use of self-service solutions
• Eliminates manual review and audit of HR and Payroll transactions

Continuous Transaction Monitoring of HR and Payroll

Through ongoing analysis of HR and Payroll transactions, Oversight identifies:

• Business process risks
• Control design and implementation weaknesses
• User privilege conflicts
• Potential collusion between employees and managers
• Time reporting exceptions
• Employee data conflicts and inaccuracies
• Workflow chokepoints
• Paycheck irregularities
• Promotions and benefits inconsistencies