We are excited to announce and welcome FISCAL Technology as our new sponsors for the Purchase to Pay Network.
FISCAL Technologies is a leading provider of forensic financial solutions and services that empower Shared Services and Procure-to-Pay teams across the globe to protect organisational spend.
NXG Forensics is a pure-play payment assurance and risk management solution. Us used on a continuous preventative basis to monitor 100% supplier transactions prior to payment. By undertaking a greater rangeand depth of analysis than the ERP analysis alone, the solution enables AP teams to I
dentify payment duplication - Measure payment practices - Identify high risk anomalies for fraud - Measure trends in transaction workflow - Identify process and compliance issues - Identify duplication in the vendor master list - Identify unexpected vendor master list changes - Identify PO process violations - Measure time to pay practices - Measure AP effectiveness.
FISCAL Technologies enables organisations of all types and sizes to identify payment transaction anomalies, exceptions and adverse trends that helps them defend against fraud, reduce loss due to error and drive process improvement across the P2P environment. Outputs from NXG Forensics remove the need for resource-heavy audits and recovery projects, as well as facilitate finance transformation programmes by reducing the risk of loss during system implementation or process change.
Designed specifically for Finance, FISCAL Technologies solutions and services have processed over 1 billion transactions over 16 years and protected £5 trillion in organisational spend.
We look forward to working with you this year.
If you would like to find out more about FISCAL Technology please visit their website at https://www.fiscaltec.com/uk/
