Case Study: a Fortune 500 multinational conglomerate identifies $8M+ in actionable findings with Oversight Systems

a Fortune 500 Multinational Conglomerate identifies $8M+ in findings with Oversight Systems

A Fortune 500 multinational conglomerate faced a significant challenge with its largely manual, sample-based process for analyzing travel and expense (T&E) and P-Card program spend. This inefficient process involved over 50 full-time employees, provided unreliable audit coverage, and limited the company's ability to influence employee behavior or assess policy effectiveness. They lacked an overall compliance system and turned to Oversight Systems for a solution.

Oversight implemented its monitoring solution to automatically analyze 100% of the client's T&E and P-Card transactions. The solution used pre-packaged analytics and the client's policies to identify irregularities, facilitated review through an analyst workbench, and provided management dashboards for oversight. The results were substantial: the client identified over $8 million in actionable findings in the first year, reduced the labor effort from 50+ FTEs to just 10, and shifted their audit focus to a 100% automated review of policy effectiveness and root causes.