| Headquarters | United States  |
|---|---|
| Website | www |
Oversight Systems is a U.S.-based company that develops and markets computer software that is intended to help businesses identify employee and vendor fraud, misuse and errors with expense reporting and billing. [1] The software also helps public companies with the monitoring and testing of controls associated with the Sarbanes-Oxley Act and the Foreign Corrupt Practices Act (FCPA) compliance. [2] It was founded in 2003 in the US state of Georgia and in its early days was based at the Advanced Technology Development Center [1] business incubator in Atlanta. As of 2024 its headquarters remain in Atlanta. [3]
Oversight Systems' software is intended to detect payments to suspicious vendors and alert authorities when insufficient people are involved in complicated business processes. [4] If a transaction or associated entity is in violation of a given policy, a report is generated and the workflow system transmits the report via e-mail, the user interface and periodic reports. [5]
Oversight's claimed target customers are companies taking in US$600 million or more in yearly revenue. [6]
In 2016 Oversight received funding from the venture capital firm Luminate Capital Partners. [7] On September 2, 2020 Oversight was acquired by TCV, with Luminate Capital Partners retaining a minority equity partnership. [8]
