Entrepreneur of the Year Nominee
Patrick Taylor
CEO and founder, Oversight Systems
Atlanta - GA US
With companies struggling to meet the compliance requirements under SOX, many executives have discovered they don't have the resources to find and eliminate the fraud that has been making headlines across the country.
Patrick has recognized the need for companies to have scalable options when utilizing continuous transaction monitoring. In response, he has developed Oversight On-Demand, which acts as a virtual auditor, providing companies with the same advanced analytic capabilities as used by forensic investigators, but reducing the cost of these services by providing them in a Software-as-a-Service model that is priced based on a company’s need.
Traditionally, only larger corporations could allocate the budget needed to employ the advanced analytics available in transaction monitoring solutions. In an effort to bring these capabilities to those who could not afford them, Oversight On-Demand pricing is based on the size/type/frequency of data loaded into the Oversight On-Demand platform. Typical analyses cost a fraction of similar consulting arrangements and yield robust results.
Comments
The On-Demand pricing is a wonderful idea.
Shannon Dalley - Springville, UtahPatrick has always had a strong belief and passion about the market opportunity for eliminating fraud in corporations and helping companies meet their SOX requirements. He has always been willing to accept a high level of personal, professional and financial risk to pursue this opportunity and conviction.
Holly Hagerman - Provo, UtahThis is very important to be compliant
Michael Howard - McLean VAMaking advanced financial analytics & fraud detection and prevention practical and affordable for smaller companies is a real confidence-booster for business investment across the spectrum. This assurance of integrity and accuracy is what SOX was supposed to create in the first place!
Debby Robic - Atlanta, GAIt is refreshing to see a technology company focusing on affordable small business solutions!
Julie Buckner - Provo, UTOutstanding technology and business model.
Mike Bradshaw - Alpine, UTMany of my clients deal with SOX and the compliance issues associated with it. A product that allows companies to effectively and efficiently deal with these issues is going to get gobbled up by many enterprises out there.
Spencer Parkinson - Lehi, UtahPatrick has a vision that exemplifies his view of corporate management and the help needed to see the forest even as he sees the trees.
John B. Peatman, Professor, ECE, Ga Tech - Atlanta, GASounds like a much needed service - well thought out.
Jim Kramer - Pocatello, IDPatrick combines a deep understanding complex technology with the ability to describe it in a way that anyone can understand, which makes him a forminable entrepenuer.
-This is an awesome opportunity to circumnavigate some of the deadly expenses associated with SOX compliance. The insurance brokerage industry is already wrought with compliance issues from the DOI;SOX compliance compounds the G&A expense which cuts into funds that are earmarked for expansion. Kudos to Oversight!
Keith Alexander - Tampa FLPatrick has a rare talent of translating complex technology innovations into business value.
Dave Scantling - Akron, OhioPatrick has done an outstanding job with his company - I highly endose him as Entrepreneur of the Year!!!
Joan Kramer - Akron, OHPatrick finds joy in knowing he is helping to promote a higher ethical standard throughout the business world. He definitely deserves this distinction not only for his innovative ideas but also for his ability to implement them in a way that creates tangible benefits for his customers.
Nathan W. - Provo, UtahCongratulation for the enhancements that your company has brought to the world of business.
Arlene Arthur - Norfolk, VACongratulation on your accomplishment for your company.
Wendy Hailey - Hampton VA
