Oversight Systems
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | January 1, 2003 in Atlanta, Georgia, United States |
| Headquarters | Atlanta , United States |
Area served | Worldwide |
| Products | Software for fraud detection, expense report and billing audit, compliance with Sarbanes-Oxley Act and FCPA |
| Owner | TCV (majority), Luminate Capital Partners (minority) |
Oversight Systems is an American firm specializing in software solutions designed to assist organizations in identifying fraud, misuse, and errors related to employee and vendor expense reports and billing. Additionally, their technology aids publicly traded companies in evaluating and ensuring compliance with the Sarbanes-Oxley Act and the Foreign Corrupt Practices Act (FCPA). Established in 2003 in Georgia, Oversight began its operations at Atlanta's Advanced Technology Development Center and continues to maintain its headquarters there as of 2024.
The software developed by the company detects irregular vendor payments and highlights transactions that lack sufficient controls within intricate business workflows. Upon detecting policy breaches, the system generates reports that are distributed through email notifications, alerts within the user interface, and regular summary reports.
Oversight primarily serves enterprises with annual revenues exceeding $600 million. In 2016, it received investment from Luminate Capital Partners, a venture capital firm. Later, on September 2, 2020, investment company TCV acquired Oversight, while Luminate Capital retained a minority ownership position.