Oversight Systems
Founded Year
2003Stage
Acq - Fin | AliveTotal Raised
$35.76MAbout Oversight Systems
Oversight Systems is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, as well as inefficient and wasteful spending. Oversight enables companies to monitor business transactions for risk and to identify risky employee and vendor spending patterns.
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Research containing Oversight Systems
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CB Insights Intelligence Analysts have mentioned Oversight Systems in 1 CB Insights research brief, most recently on Nov 7, 2022.
Expert Collections containing Oversight Systems
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Oversight Systems is included in 3 Expert Collections, including Regtech.
Regtech
1,341 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.
Artificial Intelligence
10,627 items
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Fintech
7,985 items
US-based companies
Latest Oversight Systems News
Jan 15, 2022
The Trade Tier1 appoints industry expert as managing director for North American sales Incoming director brings over 10 years’ experience to the firm, having established herself as a leader in the compliance and financial services industry. Client relationship management (CRM) platform provider Tier1 Financial Solutions has appointed a new managing director for North American sales. Megan Howe will be responsible for driving compliance software and buy-side CRM sales in North America, delivering various client lifecycle management solutions. Howe brings more than 10 years’ experience to Tier1, having positioned herself as a software sales leader in the compliance and financial services industry. Prior to joining Tier1, Howe acted as vice president of sales at Oversight Systems, a role where she managed sales and client relationships for its fraud prevention and reporting solutions. Before her position at Oversight Systems, she served as a senior sales leader at Paycom. “I’m delighted to have Megan on board as Tier1’s managing director driving expansion of our Alessa compliance software and Satuit buy-side solution sales across North America,” said Jiro Okochi, chief executive of Tier1 Financial Solutions. “With her expertise in and knowledge of managing client relationships in the fraud prevention industry, Megan will be invaluable to propelling our compliance software suite across North America.” Tier1 recently won equity financing from a group of investors led by Wavecrest Growth Partners and MassMutual Ventures. The new investment, alongside Howe’s appointment, hopes to help drive the next generation of connectivity between compliance workflows and the customer experience. “With financial and business operations becoming increasingly electronic and a wealth of data to track, regulatory authorities have remained stringent on compliance protocols, making it even more critical for firms to meet their obligations,” said Howe. “I’m excited to join the team at Tier1, who are connecting AML compliance and client relationship management, providing an efficient, seamless, and compliant client experience.”
Oversight Systems Frequently Asked Questions (FAQ)
When was Oversight Systems founded?
Oversight Systems was founded in 2003.
Where is Oversight Systems's headquarters?
Oversight Systems's headquarters is located at 1165 Northchase Parkway SE, Atlanta.
What is Oversight Systems's latest funding round?
Oversight Systems's latest funding round is Acq - Fin.
How much did Oversight Systems raise?
Oversight Systems raised a total of $35.76M.
Who are the investors of Oversight Systems?
Investors of Oversight Systems include Technology Crossover Ventures, Luminate Capital Partners, West Capital Advisors, Westbury Partners, Fifth Third Bank and 8 more.
Who are Oversight Systems's competitors?
Competitors of Oversight Systems include Mindbridge and 6 more.
Compare Oversight Systems to Competitors
Mindbridge empowers financial and compliance leaders to manage their businesses and control risks. It aggregates a complete picture of financial data and leverages artificial intelligence (AI) to deliver financial analytics, automated risk assessments, and financial reviews. The company helps to minimize financial loss, provides transparency, and ensures the integrity of financial transactions. It was founded in 2015 and is based in Ottawa, Canada.
AppZen develops finance AI software built to deliver autonomous processing for finance teams. The AI software uses deep learning, semantic analysis, and computer vision to process intelligence from thousands of data sources, documents, and images so that organizations can better understand financial transactions and make improved business decisions. The company serves clients across multi industries globally. It was founded in 2012 and is based in San Jose, California.
PredictAP automates the accounts payable and payment processing needs of large real estate investment funds and property managers.
CaseWare provides cloud-enabled audit, financial reporting, and data analytics solutions for accounting firms, corporations, and governments. Its products include caseware working papers, caseware cloud, caseware audit, caseware financials, and others. The company was founded in 1988 and is based in Toronto, Canada.
HighRadius is a fintech enterprise SaaS platform that automates accounts receivable and treasury processes with AI-based autonomous systems powered by the Rivana AI Engine and Freeda Digital Assistant. HighRadius Integrated Receivables platform reduces cycle times in order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. HighRadius Treasury Management helps teams achieve touchless cash management, accurate forecasting, and seamless bank reconciliation.
Fyle is a computer vision-enabled expense management platform for enterprises. Fyle's platform can identify expense related data in emails, such as an air ticket receipt or a phone bill, and convert that data so it can be retrieved in a structured format and sent to the expense tool.
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