Concur and Oversight Systems Partnership Accelerates Advanced Travel & Expense Data Analysis

ATLANTA, April 17, 2013 /PRNewswire/ -- The pioneering transaction analysis software company, Oversight Systems and Concur, (Nasdaq: CNQR), the global leader in integrated travel and expense management,  today announced a partnership focused on helping customers quickly gain advanced, operational insights to uncover waste and fraud. The partnership combines Concur's market-leading expense management solutions with Oversight's advanced operational analysis and insights for automated audit capabilities and policy improvement feedback. As a result of this partnership, Oversight's travel and expense insights will be available in the new Concur® App Center. The new app center, unveiled today at Concur's Fusion event, will help businesses and travelers discover applications that deliver significant value to the enterprise as well as to the business traveler.

"Our comprehensive analytics save millions of dollars per year for our multi-national customers," said Patrick Taylor, CEO of Oversight Systems. "With the new Oversight T&E Analysis and Insights App, Concur customers gain the advantage of automated analyses of expense data and insights delivered to managers so they know at the time of approval if there are any red flags."

Tim MacDonald, EVP of Platform and Data Services at Concur added, "We are focused on creating an ecosystem of partners with innovative new products and services for our customers and their employees. The new Concur App Center will deliver seamless integration via Concur's open platform and we are thrilled that Oversight Systems will be among the esteemed apps in the Concur T&E Cloud ecosystem."

About Oversight Systems

An innovative data analysis software company, Oversight Systems acts as a virtual data analyst, transforming big data into targeted, actionable insights for enterprises and government agencies. The Oversight Operational Analysis Platform acquires data from multiple sources, including ERP systems and external and unstructured data, and precisely applies predictive analytics and transaction monitoring via evidential reasoning analysis to deliver insights and drive action at the front lines for better decisions. Based on its platform, Oversight provides operational analysis point solutions designed to target specific areas of risk and opportunity, including corruption, fraud, payment/billing errors, customer retention and revenue management. Oversight's platform is newly available for consultants and other third parties to develop and deploy their own expertise. An SAP and Oracle partner, Oversight customers include leading Fortune Global 500 companies and government agencies. Visit www.OversightSystems.com for more information or the Oversight Blog.

SOURCE Oversight Systems