Oversight_Overview_for_BLOOR-v2-mwn.pdf

Oversight Introduction Operational Analysis Platform

Copyright 2012 Oversight Systems. All rights reserved.

Objectives

1. Oversights customer successes leverage sophisticated analytics to solve real problems

2. Insights delivered to the frontline of business drives competitive advantage

3. Oversight has an efficient and effective Operational Analysis Platform


Introduction to Oversight Systems

Leader in Operational Analysis software

Headquartered in Atlanta, Georgia USA

Rich 10 year heritage in business operations transaction monitoring and analysis

Market-proven point solutions for analysis and insights to prevent corruption, fraud and waste

Recently launched Operational Analysis Platform -- first platform to automate predictive, transaction analysis via evidential reasoning to generate specific, proven insights

Vision: Deliver Insights on Demand

Our Mission: Deliver actionable insights,

from complex data, to drive better decisions.


Sustainable Advantage is our Architecture

Extractor Acquires data Any data source Light touch Set up in hours

Mapper Maps data into normalized database Continuously updated data warehouse All client data similar, allowing for reuse

of analytics

Collaborative Reasoning Engine (CoRE) Human-like analysis Predictive logic (e.g., fuzzy logic, pattern

recognition, statistical analysis) Simplified definition of complex analysis Continuous application of analytics

Workbench and Dashboard Workflow and reporting Present indicators Efficient resolution, usually seconds Accurate and immediate reporting

SAP

Oracle

JDE

Other

Cloud

Act

Analyze

Acquire

Analytics


Obamalytics 3 Lessons from the 2012 Election

Voter registrations

Donor records

3rd Party Data Custom Data

Donor records

3 Leverage Insights at the Frontline

2 Develop Aha! Analytic Models

1 Combine Silos of Data


Evolving From BI to Insights for Operations

Impact

Number of Decisions

Strategic

Operational Execution


Better Operational Decisions Significant Value

Impact

Number of Decisions

Strategic

Operational Execution

$BIG IMPACT


Oversight Corporate Accountability

Oversight Revenue Oversight Expense

Oversight is a Virtual Data Analyst

Oversights Operational Intelligence platform analyzes data identifies insights drives action

Oversight Analysis & Insights Covers Key Business Operations

Assured Best Price Assured Credit Applied Freight Payment Vendor Contract Assurance Vendor Overbilling

(Duplicates) Procurement Assurance (PO

outliers) Vendor Master Control Payroll Assurance

Discount Control Customer Master Control Sales Order Assurance Rebate Assurance Warranty/Return Assurance Customer Contract Assurance Trade Promotion Control

Sales Tax Assurance T&E Control P-card Control Fraud, Waste & Abuse Financial Reporting

Assurance Reconciliation High Risk Vendor Alerts Pharmacy Benefit

Management Information Leakage

* Custom analysis solutions can be developed in house or by Oversight partners


All Components are Critical, Analytics are More Equal Than Others.

They work: Fraud, our origin, is the acid test. Singular events within large activity, intentionally concealed Requires multi-dimensional analysis of wide and large data sets.

Boolean Logic Chaining Recurrence Format Outliers Similarity

Clustering & Consolidation Temporal Analysis Aggregation Numerical Statistics Meta Reasoning

Analytics are sophisticated and comprehensive

and readily extensible. Sentiment Spatial

Image Linguistic

Act

Analyze

Acquire

Oversight Modules

Focus on delivering insights for immediate action to drive value


Its all about the Gray


Anti-Corruption Risk Areas Addressed by Oversight

Significant T&E expenses in entertainment, donations, gifts, sponsorships

Rogue Actors Suspicious purchases Outstanding credits not reported Out-of-pocket suspicious expenses Excessive cash advances and

personal spend Misclassified expenses Suspicious keyword match

Unusual payments to small sized agents, contractors, resellers

First time payments to vendors in high risk GL accounts

Excessive sales discounts Manual checks issued off-cycle Out of norm commissions to agents Changes to remit-to addresses and

bank accounts Suspicious keyword match Monitoring vendor on-boarding process Vendor or customer match to PEP list

Fictitious employee with unusual benefits, pay rate, and address

Employee relationship to vendor Unusual paycheck, commissions

or bonus payouts Employee match to PEP list

Unusual postings to high risk GL accounts

Suspicious keyword match Unusual Manual GL entries Unusual GL account pairings Unusual patterns of revenue

and expense bookings

FCPA RISK


Evidential Reasoning: Elegant Construct for Sophisticated Analysis

Vendor Invoice

Compliant

Non-compliant

Conclusion

Insight Created

High Risk Invoice Check

Remit-to Country Bank

Suspicious Vendor Type

High Risk GL

Account

Payment Frequency

Round Dollar

Amount

Dow Jones Anti-

corruption

Suspicious Keyword

World-Check

OFAC SDN CPI High Risk


Leveraging Automation for the High Risk Transactions

High Risk Event Detected

High Alert email notification to Compliance/Internal Audit Team

Case Management system

Transactions


Compliance Reminders Set the Tone

Suspicious but Immaterial one time event detected

Automated Compliance Reminder to employee

Event detection & notification are logged

Transactions

No Action Required

Reminder of Corporate Compliance Policy


Suspicion Index to ID the Bad Actor

Investigation Enroll in additional

training

Oversights longitudinal analysis identifies trends


Insights from Big Data for Smarter Decisions


Thank you.

Acquire.

Analyze.

Act.

Documents

Oversight_Overview_for_BLOOR-v2-mwn.pdf