Fleet management and maintenance software tools

Oversight Systems, Provider of Continuous Monitoring Software Named as a Finalist in the Red Herring Top 100

Atlanta (PRWEB) May 4, 2008 -- Oversight Systems (http://www.oversightsystems.com/), the leading provider of automated continuous monitoring software (http://www.oversightsystems.com/tech_product_overview.php), today announced that it has been selected as a finalist in the Red Herring North America Top 100 list for 2008.

For more than a decade, the Red Herring editorial team has diligently surveyed entrepreneurship around the globe, identifying the best of the best for their annual Top 100. Technology industry executives, investors, and observers have regarded the Red Herring 100 lists as an invaluable instrument to discover and advocate the promising companies that will lead the next wave of disruption and innovation. Past award winners include Google, Yahoo!, Skype, Netscape, Salesforce.com, and YouTube.

Oversight Systems President and CEO, Patrick Taylor, commented, "We are pleased to be among the finalists for the Top 100. Our real-time transaction monitoring (http://www.oversightsystems.com/tech_knowledge_library.php) technology is definitely shaking things up, transforming the costly compliance requirements of the Sarbanes-Oxley Act of 2002 (SOX) into an actual profit center for corporations, and at the same time, freeing up resources to find and eliminate the fraud that has been making headlines across the country."

Oversight Systems has nine patents pending on its continuous monitoring software technology, with analytics that feature precise, near-human reasoning capabilities to identify potential instances of fraud or misuse in a company's financial transactions. Oversight employs sophisticated statistical and probabilistic analyses, as well as distinctive reasoning technology - incorporating both temporal and state analyses - to identify sequences and concealment activities that other systems cannot.

In addition to superior analytics, Oversight provides advanced data acquisition technology to access and analyze data from all leading financial and ERP systems. By fully leveraging an integrated common data model, Oversight provides continuous, uninterrupted protection against fraud, misuse and errors, even as underlying source systems are consolidated or upgraded. Oversight uniquely incorporates a comprehensive exception-resolution Workbench that includes a sophisticated Risk Profiler for tuning, refining and reusing insightful ad hoc queries, and integrated workflow features and automated journaling that further differentiate the technology from other types of continuous monitoring products.

"At Oversight, the innovation we are proudest of is being the first company to deliver on the promise of continuous monitoring - a promise that corporate auditors and financial managers have been trying to collect on since the early days of Sarbanes-Oxley," Taylor said. "With Oversight, companies are finally able to ensure the integrity of 100 percent of their financial transactions - and boost the bottom line at the same time. That is groundbreaking, and our customers - primarily Fortune 1000 companies - are delighted."

"Red Herring 100 Finalists are recognized as having a concept and company that is poised to change the face of technology. Oversight Systems has been chosen from among more than a thousand other valuable and interesting ventures. Being selected as a finalist in itself shows the high quality of the work that each company has achieved and which deserves recognition," said Red Herring CEO Alex Vieux.

The 100 winning companies will be announced at the Red Herring North America 100 event to be held in California May 12th - 14th at The Fairmont San Jose. At the conference visionaries, corporate leaders, and investors will converge for two days of interaction that will shape the future of the tech industry. For more information, visit www.redherring.com.

About Oversight Systems, Inc.

Oversight Systems (http://www.oversightsystems.com/) takes continuous controls monitoring to the next level, with real-time transaction integrity inspection for identifying fraud, misuse and errors. Oversight's software provides a platform for continuous monitoring with powerful analytics that excel at finding problems, then raises the bar with an investigator's workbench for cost-effectively fixing the problem, and workflow-enabled audit trail and journaling for proving problem resolution and compliance. By inspecting each step of individual transactions across all financial systems, Oversight identifies all errors and fraud, drives defects out of the process, and sustains Sarbanes-Oxley compliance. For more information, visit www.oversightsystems.com.

About Red Herring

Red Herring is a global media company which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

###

MORE ARTICLES:

Electronic Medical Records Software Helps Medical Facilities Go Green
Whether you are an insurance company, lawyer or a doctor, not only do you have these extraneous pressures but you are seeing the cost of "managing paper" rise like it never has before. Not only due to the actual paper but the storage and retrieval of information the paper stores.

Sit back and let our software optimize your site
Get Rich Quick Scams Revealed Read this article before you consider paying for a "get rich quick" program. From: Bryxen1 Everybody would love to make lots of money quickly, working from home, and only doing a few hours of work per week. I've spent the past two years trying to find a great way of doing this. Only over the course of the past few months have I found any "get rich quick" programs worth buying. I've been trying to make money online for a long time. I had a few small websites, but they never made much more than a few hundred per month. It was easy money and didn't require much work on my part, but I knew there were people out there doing better than I was and I knew I could do as well as them. Now, I've seen a lot of "get ri...

Save Money: Bundle Your Home And Auto Insurance Together
We live in a world in which insurance of all types are necessary We must have insurance for our homes to insure it and everything in it, insurance for our vehicles in case it is involved in an accident, renters insurance to insure the renter?s belongings, health insurance to receive healthcare, and life insurance to pay burial costs and unpaid expenses upon our deaths

AVG Anti-Virus Software Saves Schools Money and Precious IT Time
Washington State School District eliminates viruses, down-time and receives a 50% discount by switching to AVG Anti-Virus.

Shootout: 6 Pro Audio Software Products Rated
Digital Music Doctor announces the release a new analysis which compares six of the most popular Digital Audio Workstation software products from DigiDesign, Steinberg, Cakewalk, Sony, Apple, and Ableton. This analysis is an update of a previous study and includes ratings based on the new features in Sonar 7, Cubase 4.1, Logic Pro 8, and Pro Tools 7.4.

Why Dont They Just Get It Done: 7 Performance Tactics for CEOs
Buckling under the weight of chronic corporate restructuring, and frustrated by performers who don't respond to carefully crafted strategic plans, high level executive leaders are being confronted by a growing performance gap between what needs to get done and what gets done.Sound familiar? It's a troublesome trend that is likely happening in your firm right now.

Parature Releases Free White Paper on Getting Your Software as a Service
White paper explores the top reasons companies opt to get their CRM functionality on-demand.

PlanSource Announces New Benefits Management Solution and Expansion of Market Base with Merger: Led by Industry Veterans Scott Carver and Te
PlanSource, an innovator in the field of human resources (HR), benefits and insurance management solutions for small and medium-sized businesses (SMB), has expanded its market base with the successful completion of its merger with CoAdvantage, a leading provider of end-to-end human resource solutions with more than 32,000 worksite employees. PlanSource officially became a wholly-owned CoAdvantage subsidiary on January 2 and is now more poised than ever to deploy its new suite of benefits management solutions for SMBs and insurance brokers.

Renowned Auto Procurement Website Launches Premier Interface for Auto Parts Sellers: Automotix.net Now Provides the Fastest and Most Advanced Seller T
Automotix (www.automotix.net) now provides an exceptional web interface that generates quality leads for used auto part sellers. This premier solution, called Automotix To Go, is an exceptional program that is revolutionizing the way auto part sellers connect with potential buyers. With Automotix To Go, sellers can instantly connect to a network of thousands of auto part buyers with a variety of immediate needs. The Automotix program gives sellers the ability to answer part requests and send quotes and messages directly to viable buyers.

Maritz And Dr. Bob Nelson, The 'Guru Of Thank You,' Partner To Launch Comprehensive Suite Of Recognition Tools
Formal and Informal Recognition and Reward Practices Combine with Strategic Alignment of Business Objectives

Stress Management: Manage Stress in Perfectly Legal Ways with 5 Simple Methods
Stress Management:Manage Stress in Perfectly Legal Ways with 5 Simple Methods By: Jolene Carson, MA, RT(R)

For Inspiration Watch a Kite Fly Against the Wind
Given a steady wind and a properly balanced kite, the kite will soar to great heights. But if the nose of the kite is pointed downward, the same wind will send it crashing into the ground.

What Paper Will My Printer Handle? Website Tool
Burris Computer Forms announces a new tool on its website which can be used to determine which papers a user's printer can handle.

Want To Watch Movies On Your PSP?
The Sony PSP was originally developed for playing cutting edge video games. This is what the PSP can do best. It has got superb display and sound quality and a media called UMD (Universal Media Disc) for mass storage.