Press Releases

Leading Accounts Payable Audit Software Provider is Top of the Class

FISCAL Technologies continues momentum with strong end of year results

Reston, VA, US – 25 January 2011: FISCAL Technologies, provider of world class accounts payable audit software AP Forensics®, has reported strong end of year results, demonstrating an impressive 48% growth year on year. Protected from the economic downturn of recent months by the compelling product proposition there has been a steady increase in the customer base across all sectors.

In the last year there has been an increase in large corporate businesses using FISCAL’s solutions especially FTSE listed companies who want to protect their annual spend from fraud and AP transactions made in error. Also with the current government spending review in full swing, the number of local authority customers has risen by 55%, including the addition of 6 London boroughs and 5 county councils. These authorities have only purchased because of the immediate cost savings achieved through using the software to review historic AP transactions and prevent supplier fraud.

Lesley Reeve, EVP of Customer Success highlights that:

“FISCAL is successful because we constantly listen to our customers’ needs and develop solutions month in month out that add real value to their bottom line.”

To ensure FISCAL maintains it’s highly responsive customer service and ambitious development plans it has recently added 5 new members of staff to the UK business based out of their Reading head office.

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About FISCAL Technologies
FISCAL Technologies Ltd, founded in 2002, provides leading accounts payable audit software for corporations and government agencies to create best-in-class AP. Organizations trust these solutions, to meet their needs for cost reduction, increased control and protection of their working capital.

About AP Forensics®
AP Forensics® works by analyzing accounts payable transactions, processes, and suppliers to prevent accidental duplicate payments, supplier fraud invoicing & VAT errors, and compliance issues. Most accounting systems are designed to carry out only basic checks, leaving a need for additional specialist software like AP Forensics® to prevent organizations losing sometimes hundreds of thousands of pounds a year.

For more information, please visit www.fiscaltec.co.uk or www.fiscaltec.com.