General journal

Oversight Transforms General Ledger Audits with AI-Powered Reviews

Retrieved on: 
Tuesday, October 1, 2019

By automating the analysis and validation of all journal entries, Oversights General Ledger solution removes the risks presented by human error, insufficient controls, and outdated processes.

Key Points: 
  • By automating the analysis and validation of all journal entries, Oversights General Ledger solution removes the risks presented by human error, insufficient controls, and outdated processes.
  • Oversights General Ledger module streamlines journal entry validation by catching errors, such as duplicate or mis-matched entries, and detecting suspicious entries that could indicate potential fraud.
  • With Oversight, organizations are now able to transform their financial audit and risk management practices for all areas of employee spend.
  • Now, that also includes analyzing General Ledger entries to ensure they conform to expected norms.