ATLANTA –November 14, 2012 –Oversight Systems today announced that it will showcase its new, customer-proven Foreign Corrupt Practices Act (FCPA) Automated Transaction Monitoring Solution for accelerating successful policy compliance and preventing corruption, fraud and significant financial loss at the 28th Annual National Conference for the FCPA taking place November 15-16, 2012 in Washington D.C. Visitors to Oversight’s FCPA Conference booth will see an automated solution for active policy management as a critical component of an effective compliance strategy. Oversight will also share how to successfully track and deliver critical proof of good compliance practices, using the Peterson Case and exoneration of Morgan Stanley as a model example.Oversight Systems’ executives will be on hand to discuss how ongoing transaction monitoring proactively prevents fraud and corruption.
Multi-national corporations are feeling the pressures of increasing regulation and corruption. At the same time, there is a growing need to monitor and extract actionable insightsfrom transactions across the global enterprise to ensure compliance, corporate integrity and overall organization success and effectiveness. Oversight delivers a proven solution to these challenges with groundbreaking, FCPA-specific active policy management. This solution not only delivers continuous and automated transaction monitoring for finding suspicious activity, but also provides invaluable, actionable insights for addressing this activity asit is uncovered. Based on Oversight’s continuous analysis platform for Big Data, the FCPA & National Security Risk Solution quickly uncovers potentially damaging and illegal violations and leverages analytics and actionable insights to strengthen FCPA compliance programs. This solution dramatically reduces the amount of time and costs associated with analyzing this data manually.
Oversight’s FCPA & National Security Risk Solution includes new, core functionality including Automated Risk Identification and Tracking for proactively addressing potential FCPA risks, Global Risk Analysisfor a holistic view of transaction risk across the entire global enterprise; and a highly intelligent Suspicion Index for applying multi-layer analysis to all entities associated with an organization whether that is an employee, partner, distributor, vendor or agent. The Oversight FCPA & National Risk Solution will be showcased at Oversight Booth #123 and is available immediately.
About Oversight Systems Oversight Systems is a Continuous Analysis (CA) platform for Big Data that generates actionable insights and competitive advantage without requiring that managers become analytics experts. Our packaged business analytics convert active data such as financial transactions into plain-language alerts that show what happened, why – and what to do about it. Oversight is an SAP Endorsed Business Solution and HANA co-innovation partner. Major global corporations and government agencies rely on Oversight solutions to drive smarter, faster decisions across the organization that contribute directly to the bottom line. Founded in 2003, Oversight Systems is privately held and headquartered in Atlanta, GA.