About Oversight Systems
Oversight Systems is a Travel & Hospitality company based in Atlanta (United States) founded in 2003, and was acquired by TCV in September 2020. AI-based spend management and risk mitigation solutions for enterprises. It operates in the Travel & Hospitality and Technology sectors. Oversight Systems has raised $27.16 million across 5 funding rounds from investors including Adobe, Fifth Third Bancorp and Luminate. The company has 144 employees. Its chief executive, as recorded, is Terrence Mccrossan. Its website oversight.com draws about 13 thousand monthly visits. Oversight Systems offers products and services including AI Platform, Procure-to-Pay Monitoring, Travel and Expense Monitoring, and Purchase Card Monitoring. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its competitors include Brex, Ramp and Navan; 3 of its 3 listed competitors have raised funding.
Company details
Oversight Systems was founded in 2003 and is headquartered in Atlanta, United States. The company operates in the financial technology sector, providing AI-based platforms for enterprise spend management and risk mitigation. Patterns and root causes are identified across various spend areas, including travel expenses, purchase cards, and accounts payable. Services focus on data analysis to support compliance and efficiency in procurement processes.
- Headquarters Atlanta, United States
- Employees 144
- Stage Acquired
- SectorsTravel & HospitalityTechnology
- Email••••••••
- Phone•••• ••••
- Website oversight.com
- Social LinkedIn X Facebook
- Acquired by TCV (Sep 2020)
Products & Services of Oversight Systems
Oversight Systems offers a comprehensive portfolio of products and services, including AI Platform, Procure-to-Pay Monitoring, Travel and Expense Monitoring, and Purchase Card Monitoring.
Detects financial risks and inefficiencies in business processes.
Identifies irregularities in procurement and payment workflows.
Tracks and flags wasteful or high-risk expense transactions.
Monitors card spend for compliance and fraud prevention.
Funding Insights of Oversight Systems
Oversight Systems has successfully raised a total of $27.16M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $27.16M
- Total Rounds 5
- First Round $10.2M
(Jul 2008)
- Investors Count 6
All 5 funding rounds of Oversight Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2016 | Private Equity Round | – | – | ||
| May 2012 | $8.25M | Series C | – | Fifth Third Bancorp, Westbury Partners | – |
| Sep 2010 | $4.2M | Series B | – | – | – |
| Sep 2009 | $4.51M | Series B | – | – | – |
| Jul 2008 | $10.2M | Series B | – | Adobe, Granite Ventures | – |
7 investors in total: 7 institutional.
Investors in Oversight Systems
Oversight Systems has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Adobe, Fifth Third Bancorp and Luminate.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Luminate Capital Partners is focused on enterprise SaaS investments. | luminatecapital.com | San Francisco, United States | ||
| westburypartners.com | ||||
Early-stage US tech companies are invested in by the firm. | granitevc.com | San Francisco, United States | ||
Early-stage VC investments are made in US, Canada, and Asia. | sigmapartners.com | Danville, United States | ||
Venture capital is invested in global technology companies by TCV. | tcv.com | Menlo Park, United States | ||
Commercial bank | 1858 | 53.com | Cincinnati, United States | |
AI-powered platform manages marketing creatives and customer journeys. | 1982 | adobe.com | San Jose, United States |
Investor details for Oversight Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Oversight Systems
34 people are tracked at Oversight Systems (14 in leadership, 3 in board & advisors, 17 in team); the tracked headcount is 144.
| Name | Role | Group |
|---|---|---|
Terrence Mccrossan | CEO | Leadership |
Bala Tiru | Chief Product Officer | Leadership |
Megan Howe | Chief Sales Officer | Leadership |
Jill Sutton | Chief People Officer | Leadership |
Neha Wood | VP of Client Success | Leadership |
Scott Martin | Sr. Director, Data Analytics And AI Product Development | Leadership |
Ross Allen | Chief Financial Officer | Leadership |
Chris Hamilton | VP Of Information Security | Leadership |
David Wick | Senior Director, IT And Saas Operations | Leadership |
Brent Jones | Vice President, Client Experience | Leadership |
Amirtharaj Karuppaiah | Chief Technology Officer | Leadership |
Christine Jones | Chief Client Officer | Leadership |
Greg Shrader | Director Of Product Management - AI Risk Analytics | Leadership |
Josh Wagner | Vp, Analytics And AI | Leadership |
Tim McAdam | Director | Board & advisors |
Mike Eberhard | Director | Board & advisors |
Bob Burke | Director | Board & advisors |
Douglas Cain | Client Delivery Analyst | Team |
Justin P. | System Administrator | Team |
Karen Killingsworth | Sales Operations Manager | Team |
14 more people are available in the full profile.
Complete people profiles for Oversight Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Oversight Systems
4 dated milestones of Oversight Systems across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Oversight Systems is founded.
- Funding First funding round of $10.2M.
- Funding Latest funding round, Private Equity Round,.
- Exit Acquired by TCV.
Competitors of Oversight Systems
Oversight Systems has 3 listed competitors in our database, 3 of them funded. They include Brex, Ramp and Navan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| brex.com | 2017 | Draper, United States | $1.2B | SaaS-driven credit card and spend management solutions platform for businesses | ||
| ramp.com | 2019 | New York, United States | $5.07B | Spend management and accounts payable solutions are delivered to businesses. | ||
| navan.com | 2015 | Palo Alto, United States | $1.58B | 847 | Corporate travel and expense management are facilitated through SaaS platform. |
Detailed competitors of Oversight Systems
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Web traffic of Oversight Systems
The website of Oversight Systems (oversight.com) receives about 12.9K visits a month.
- Monthly visits12.9K
▲ 3.1% vs previous month
Websites whose visitors overlap most with Oversight Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| planetcompliance.com | 100% | 14.3K | #1,808,339 | View details | |
| rapidinnovation.io | 56% | 55.9K | #646,770 | View details | |
| shoeboxed.com | 56% | 203.7K | #241,039 | View details |
Top companies in Online Travel
3 companies that operate in the same segment as Oversight Systems (Online Travel) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 | ||
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | 5,191 |
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Related news about Oversight Systems
Complete news archive for Oversight Systems
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Frequently Asked Questions about Oversight Systems
Oversight Systems was founded in 2003 and raised its 1st funding round 5 years after it was founded.
Oversight Systems is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Terrence Mccrossan is the CEO of Oversight Systems, as recorded in our data.
Oversight Systems is a funded company, having raised a total of $27.16M across 5 funding rounds to date. The company's 1st funding round was a Series B of $10.2M, raised on Jul 2008.
Oversight Systems has 144 employees.
Oversight Systems was founded in 2003 and is headquartered in Atlanta, United States. The company operates in the financial technology sector, providing AI-based platforms for enterprise spend management and risk mitigation. Patterns and root causes are identified across various spend areas, including travel expenses, purchase cards, and accounts payable. Services focus on data analysis to support compliance and efficiency in procurement processes.
Oversight Systems offers AI Platform, Procure-to-Pay Monitoring, Travel and Expense Monitoring, and Purchase Card Monitoring.
Oversight Systems has 7 investors. Key investors include Adobe, Fifth Third Bancorp, Luminate, Westbury Partners, and Granite Ventures.
Yes. Oversight Systems was acquired by TCV in September 2020.