Oversight Systems said Wednesday its Oversight 6.2 product has achieved certified integration with the SAP BusinessObjects Process Control application to further help organizations identify fraud and errors with continuous transaction monitoring.

The SAP Integration and Certification Center has certified that Oversight 6.2 integrates with SAP BusinessObjects Process Control via a Web service interface to send messages of potential control violations, which can be continuously monitored in SAP BusinessObjects Process Control.

Oversight identifies fraud, misuse and errors in business transactions and master data files. Its Continuous Transaction Monitoring software processes and compares data across multiple, often disparate systems.

“Today’s security systems do a very good job of preventing unwanted access, but no system is perfect,” said Oversight president and chief executive Patrick Taylor. “But security through ongoing analysis of all financial transactions can prevent hard-dollar losses from seemingly authorized and trusted users.”

Oversight claims to scrutinize 100 percent of transactions by letting the analytics gather relevant, cross-system information; interpret both current and past data to determine if there is a high likelihood of fraud or errors; and alert management of suspicious activity and anomalous transactions. The results can provide insight into control failures, thus providing SAP BusinessObjects Process Control with the ability to manage remediation of controls and improve business processes while reducing losses. 

For more information, visit www.oversightsystems.com.

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