TSYS announced an agreement with software provider Oversight Systems to offer an automated monitoring and analysis solution for corporate purchasing professionals to detect and eliminate fraud, policy misuse and waste in their card programs.
The solution, Oversight Insights On Demand Powered by TSYS, facilitates transparency, accountability and growth for corporate card programs and customers. Available to TSYS’ commercial customers beginning in the third quarter this year, the solution also addresses specific barriers to card adoption like operational spend control and risk associated with decentralized purchasing.
"Card program managers need better tools to ensure compliance with business policies and reduce the cumbersome nature of monitoring transactions," stated Keith Pierce, group executive of commercial services at TSYS. "Insights On Demand will maximize program efficiency by reducing cost, mitigating risk and strengthening policy compliance."
Insights On Demand performs automated analysis by reviewing transactions and then delivers results through a management dashboard and analyst workbench with workflow capabilities.
"TSYS and Oversight are providing companies the ability to quickly and easily gain valuable insight into their corporate spending, whenever they choose, all without the need to install or manage complex, expensive software," stated Oversight Systems CEO Patrick Taylor, chief executive. "With this insight, program managers can deliver real results to the bottom line."
