RECOVERY SPENDING LIKELY TO GO TO TECHNOLOGY
Menlo Park, Calif. - As the economy continues to improve, some 40 percent of 1,400 chief financial officers polled in a recent survey by global staffing concern Robert Half Management Resources said that those recovery dollars will likely be plowed into their IT systems. Some 18 percent indicated that they would invest in new products or service lines, while 14 percent cited new locations or real estate. Just 6 percent indicated that their spending would be earmarked for M&A opportunities, while 19 percent replied that they wouldn't make any investments.
SOFTWARE MONITORS TRANSACTION FRAUD
Atlanta - Oversight Systems has released Oversight 5.0, the latest version of its software that analyzes data from financial systems and looks for instances of transaction fraud, misuse and errors.
Oversight 5.0 works with a number of ERP systems, and includes customizable Integrity Checks to identify potential problems in transaction-based business processes. The Oversight Workbench feature lets users attach documents and assign reason codes to exceptions such as errors and policy violations. Enhancements to the Oversight Workbench Risk Profiler allow users to establish search criteria and then find risks, potential fraud, policy violations and errors. It also allows users to establish work queues to ensure that all issues are reviewed and resolved in a timely manner. For more, visit www.oversightsystems.com.
PROTIVITI'S CRISIS BOARD
Menlo Park, Calif. - Business consulting and internal audit firm Protiviti Inc. said that it has formed an advisory board to assist its clients with navigating the unstable economic and regulatory environment. Its members include a former U.S. Secretary of the Interior and a former mayor of New Orleans.
Protiviti said that it would host a series of live webcasts for its clients where participants will have the opportunity to meet and ask questions of the new advisory board members.
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