Operational analysis software company Oversight Systems has released Insights On Demand, cloud-based applications designed to identify fraud, corruption, and waste in travel and expense transactions.
Insights On Demand users can review targeted T&E insights for greater corporate accountability through the Web. The Insights apps can also be used to help understand misclassifications, suspicious purchases and inappropriate venues; identify duplicate submission of expenses by one or more travelers across expense reports; detect unusual retail spending, out-of-pocket expenses, and other outlier purchases; and spot credits for items such as unused flight costs or hotel room charges that have been expensed and reimbursed to employees.
The user selects relevant insights based on their business objectives, tailors them to their policies and business requirements through a survey, and then uploads their data for analysis. Insights On Demand tracks and logs the actions for each finding, including input from emails related to reviews, investigations and corrective activities.
“The promise of data analysis is uncovering answers quickly,” said Oversight Systems chief executive Patrick Taylor. “Travel managers know the value of data analysis, but often lack the time and access to data scientist to do so. Based on our 10 years of experience analyzing the data of Fortune 500 customers and government agencies, our new Insights On Demand meet this need.”
Insights on Demand pricing starts at $995 for one-time analysis with special packages and discounts available for recurring analysis. For more information, visit www.oversightsystems.com.
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