Insights On Demand

Insights On Demand is a web-based spend risk tool from Oversight. It reviews expense reports, purchase card activity and accounts payable transactions in full, rather than sampling a few, and looks for fraud, purchases that break policy and wasteful spending. It is aimed at finance and audit teams.

Features

• Transaction analysis: checks travel and expense claims, purchase cards, fleet cards and payables for errors and misuse.
• Pattern detection: looks past single transactions to find root causes, trends and the behaviour behind them.
• Policy insight: shows how written policy compares with what staff actually do, so controls can be adjusted.
• Machine learning and AI: drives the analysis of large volumes of finance data that would be hard to review by hand.
• Finance risk platform: the vendor's current site describes a wider layer that connects ERP, card, procurement and payment systems and supports governed review of findings.

Who it serves

Finance organisations, audit teams and shared services groups that manage spending programmes and want visibility across every spend category.

Key facts

• Vendor: Oversight
• Delivery: web-based software
• Spend areas covered: T&E, purchase cards, fleet cards, accounts payable