Procure-to-Pay Monitoring by Oversight is an AI-driven solution designed to help finance teams gain full control over their P2P spend. While traditional ERP systems and audit tools rely on static rules and limited visibility, Oversight continuously monitors 100% of transactions, identifying hidden risks, duplicate payments, and policy violations before they impact cash flow or compliance.

Features

• AI-Powered Risk Detection: Identifies fraud, abuse, and vendor risk while eliminating duplicate and erroneous payments.
• Vendor and VAT Compliance: Detects duplicate or affiliated vendors, optimizes VAT recovery, and ensures adherence to FCPA, OFAC, and ownership rules.
• Continuous Real-Time Monitoring: Uses OCR-backed invoice validation to ensure compliance with PO policies and legitimacy of payments.
• Maintain a Trusted Vendor Master: Monitors vendor master data for duplicates, suspicious changes, and policy violations.
• Seamless System Integration: Connects ERP and finance systems in real time to unify data and eliminate redundant audits.
• Automated Policy Enforcement: Applies procurement rules across systems, teams, and regions without added overhead.
• Payment Accuracy Validation: Validates bank details, optimizes VAT recovery, and eliminates unauthorized or erroneous disbursements.
• Vendor Statement Reconciliation: Compares vendor claims against internal records to recover missed credits and prevent duplicate payments.

Benefits

• Catch PO and Contract Risks Early: Detects non-compliant or off-contract purchases before approval.
• Stop Risk Before It Scales: Identifies issues before they affect cash flow or compliance.
• Protect Against Fraud and Error: Spots anomalies across invoices, purchase orders, and vendor data.
• Audit 100% of Transactions: Enables full visibility into vendor invoices, travel, and ProCard expenses.
• Adaptable Risk Controls: Allows customization of red flag scenarios based on changing risk tolerances and policies.
• Strategic Spend Insights: Surfaces actionable insights to optimize spend and correct behaviors that impact the bottom line.