Oversight Systems has introduced powerful new features in its Insights On Demand software-as-a-service solutions that provide companies with one-click visibility to resolve issues with the highest-risk repeat offenders who are responsible for most high-risk non-compliant travel and expense transactions and fraud in the workplace.

Oversight Systems has enhanced its Insights On Demand platform with automated capabilities powered by amplified machine learning and advanced data analytics with the following features:

Repeat Offenders: Automatically flags the business travelers responsible for most attempted fraud and non-compliant expenditures on expense reports and purchase cards. Insights On Demand’s guided machine learning capabilities over time “get smarter” based on data analytics and human interaction to manage and resolve repeat offender issues.

Excessive Attendee: Insight to help businesses and government organizations uncover internal fraud and misuse, including schemes such as so-called dining clubs involving groups of employees who collude to evade travel and expense (T&E) policy thresholds. The system also supports organization’s regulatory compliance with anti-bribery and corruption laws such as the U.S. Foreign Corrupt Practices Act (FCPA), the Sunshine Act, the U.K.’s Bribery Act, and France’s Sapin II Anti-Corruption Law.

“Through features like Repeat Offenders and the Excessive Attendee insight, we are making financial auditing and risk management processes more efficient, as much as 80 percent faster than traditional methods,” said Oversight CEO Patrick Taylor. “By leveraging Oversight’s advanced analytics and continuous improvements in artificial intelligence technologies, our customers address the highest-risk travelers and foster a culture of employee compliance that minimizes wasteful T&E spend.” 

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