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 includes customizable Integrity Checks to identify potential problems in transaction-based business processes. The software works with enterprise resource planning systems such as SAP, PeopleSoft, Oracles E-Business Suite, JD Edwards and Lawson.
The Oversight Workbench feature goes beyond identifying symptoms by helping companies get to the root cause of issues. With Workbench, users can attach documents and assign reason codes to exceptions such as errors and policy violations. Attachments become permanent records that colleagues can use to review, investigate and substantiate the exceptions. The reason codes reveal patterns that indicate opportunities for policy, process and control improvements. 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.
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