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Oversight Systems Launches Oversight On-Demand

(Oct 15, 2007)-- Oversight Systems announced the availability of Oversight On-Demand, a Software-as-a-Service (SaaS) offering of Oversight's continuous monitoring solution. Oversight On-Demand provides for one-time, periodic "health checks" of an organization's financial accounting and reporting processes.

"With high-profile companies making headlines for potentially fraudulent behavior, forensic auditing has become one of the hottest areas in the accounting profession today," Oversight Systems CEO Patrick Taylor said. "Unfortunately, traditional analytical resources are expensive to employ, leaving many companies vulnerable to fraudulent behavior. Oversight On-Demand gives companies a virtual auditor at a price tailored to their needs."

Oversight On-Demand cost-effectively automates forensic analysis of a company's financial data, leveraging advanced statistical analysis techniques to comprehensively inspect transactions for fraud, misuse and errors, and test the effectiveness of internal controls over financial reporting. With Oversight On-Demand, Sarbanes-Oxley 302 and 404 certifications are made with the confidence founded in an independent audit of 100 percent of the transactions. The analytic dashboards, workflow-enabled resolution workbench and documentation capabilities in the Oversight On-Demand platform drive efficient review and resolution to assure the integrity of financial reports.

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