Spotlight on Continuous Transaction Monitoring Software

  • by Gary Byrne, Managing Editor, Financials Expert and SCM Expert
  • April 6, 2012
SAP’s Sonny Dasgupta answers questions about how an IT organization can protect its company’s reputation and bottom line from fraud with Oversight Systems’ continuous transaction monitoring (CTM) software. Oversight Systems’ CTM application is an SAP-endorsed Enterprise Business Solution.

According to the Association of Certified Fraud Examiners’ (ACFE’s) 2010 “Report to the Nations,” 5 percent of the global gross domestic product (approximately $3 trillion) was lost to fraud in 2009. In the United States, the loss due to fraud in 2009 amounted to $700 billion.

What are security teams at businesses doing to protect themselves from fraud? How do they monitor their organizations to make sure that all employees are complying with their security policies? I interviewed Sonny Dasgupta, senior director, solution marketing, SAP Governance, Risk, and Compliance Solutions at SAP, and asked him those questions. He talked about what measures security and auditing teams can take to protect their organizations from fraud.

I also asked Sonny to comment on how organizations can improve their performance with Oversight Systems’ continuous transaction monitoring (CTM) software, to explain the functionalities that Oversight Systems’ CTM application offers to users, and to share feedback he has heard from companies who have implemented Oversight Systems’ CTM application.

Gary Byrne

Gary is the managing editor of Financials Expert and SCM Expert. Before joining WIS in March 2011, Gary was an editor at Elsevier. In this role he managed the development of manuscripts for Elsevier’s imprint responsible for books on computer security. Gary also has held positions as a copy editor at Aberdeen Group, a Boston-based IT market research company, and as an editor at Internet.com, a publisher of content for the IT community. He also gleaned experience working as a copy editor for International Data Corp., a Framingham, MA-based IT market research company. He earned a bachelor of science degree in journalism from Suffolk University in Boston. He enjoys traveling, sailing as a passenger onboard schooners, and helping his wife, Valerie, with gardening during summer weekends. He’s a fan of all the Boston sports teams and once stood behind Robert Parish in a line at BayBank. He felt small and didn’t ask for an autograph. You can follow him on Twitter at @FI_SCM_Expert. His online footsteps can also be found in the SAP Experts group on LinkedIn.

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