Press Releases
Cost Recovery is No1 Priority for the Public Sector
FISCAL Technologies signs up six local authorities
BRACKNELL, UK. – November 7th, 2008 - FISCAL Technologies, providers of world class duplicate payment detection software and services, today announced that Ipswich Borough Council was the 25th public sector organization to select Duplicate Payment Finder™ v3.
Over the last six months, six local authorities have purchased and implemented Duplicate Payment Finder V3™. These include Lancashire County Council, Brighton & Sussex NHS Trust, Trafford Housing, Gwent Borough Council, Sefton Metropolitan Borough Council and Powys County Council. All are now proactively ensuring duplicate payments do not slip through their Accounts Payable processes and protecting public funds.
Duplicate Payment Finder™ is designed to be easily used by anyone in Accounts Payable & Treasury and can detect overpayments within an hour of installation. It uses unique search & pattern matching algorithms to find more duplicates than any other system. It works alongside any accounting system and through its innovative “reason code” analysis, it highlights how payment processes can be secured. Also it generates a list of worst performing suppliers and can be used to monitor supplier errors.
FISCAL has spent over 6 years working with local councils, NHS trusts and Housing Associations to help strengthen their invoice management processing. Duplicate Payment Finder™ ultimately saves time and money very quickly.
David Griffiths, FISCAL’s Director of Customer Development, says “we are delighted that so many organizations within the public sector are committed to using Duplicate Payment Finder™. It is further proof that our experience with providing Accounts Payable software solutions to local government is second to none”
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About FISCAL Technologies
FISCAL Technologies Ltd, founded in 2002, provides world class duplicate payment software to corporations,
financial institutions and banks. Organizations trust these solutions to meet their needs for cost reduction, fraud
detection and optimization of working capital.
Duplicate Payment Finder ™ locates duplicate payments and incorporates some of the industry’s best
algorithms and pattern matching technology. It has been used to scan hundreds of millions of payments across
the globe. For more information, please visit www.fiscaltechnologies.com.
FISCAL Technologies, Duplicate Payment Finder and the FT logo are trademarks of FISCAL Technologies Ltd.
which may be registered in certain jurisdictions. All other brand/product names are trademarks of their
respective holders.
Media Contacts:
PR Manager
FISCAL Technologies
+44 (0)845 680 1905
smarterpr[at]fiscaltechnologies.com
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