Oversight Systems Gold Sponsor of OpenPages® User Symposium

Business Wire, Oct 24, 2007

CEO Patrick Taylor to Speak on Panel Addressing "The Changing Regulation Environment and Opportunities in Automation"

ATLANTA -- Oversight Systems, the leading provider of automated continuous monitoring solutions, today announced that it is pleased to be a Gold Sponsor of business partner OpenPages' User Symposium (OPUS), subtitled "Blazing the Trail," being held in Boston, October 24th -26th, 2007. This event is OpenPages' exclusive, customer-only conference on governance, risk and compliance.

Now in its fourth year, OpenPages describes OPUS as "a perfect forum for sharing the latest governance, risk and compliance management information." The conference offers networking and industry thought leadership, and features product workshops, case studies and peer-networking sessions with OpenPages customers, employees, partners and industry luminaries.

Oversight Systems CEO Patrick Taylor will participate in one such session, sitting on an OpenPages Partner Panel which will explore "The Changing Regulation Environment and Opportunities in Automation." With the regulatory environment evolving as the risk and compliance market matures, this session will explore the ways in which new automation technologies, such as Oversight Systems continuous transaction monitoring, will enable broader risk and control capabilities across the enterprise, keeping companies a step ahead of today's regulations.

According to Taylor, "With the adoption of the new, more practical Audit Standard 5, companies need to position themselves to take full advantage of the standard's risk-focused guidelines. They need to look at technologies and approaches that will enable them to successfully combat fraud in documented areas of highest risk: improper General Ledger transactions, revenue recognition and management override of controls."

During the symposium, Oversight Systems will demonstrate their continuous transaction monitoring solution, which automates the testing and analysis of auditors and fraud examiners against every transaction across multiple financial systems to identify and prevent errors, control exceptions and combat fraud.

Benefits of Real-Time Transaction Monitoring

* Analyze transactions across multiple financial systems and various technology platforms

* Ensure financial process accuracy by inspecting for quality at every transaction

* Eliminate the need for recovery auditors with real-time detection of payment errors

* Address fraudulent financial reporting risk by inspecting General Ledger postings for unusual and suspicious entries

About OpenPages

OpenPages is the leading provider of enterprise risk management solutions that optimize business performance. OpenPages empowers the world's largest companies by unifying governance, risk and compliance across the enterprise and by incorporating risk management into their day to day business processes. Market-leading corporations select OpenPages because of its domain expertise and software solutions that seamlessly adapt to their unique risk management methodologies while providing the flexibility to evolve their governance, risk and compliance processes over time.

About Oversight Systems, Inc.

Oversight Systems 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.