Protection from unnecessary financial loss is key to your success
The need to reduce costs and find efficiency gains in financial operations is increasing within all organisations - finance teams are under pressure to reduce operating costs and simultaneously reduce incorrect payments and fraud.
Factors such as high staff turnover – leading to the loss of experienced finance personnel and dual roles for those that remain, reducing budgets and new financial systems significantly increase the risk of errors and fraud occurring when processing supplier invoices.
“Modifying controls and deploying effective risk management in order to mitigate today’s and tomorrow’s risks and create maximum value has never been more urgent.”
- ECIIA Risk in Focus 2019
Drivers that increase risk and fraud in finance departments include;
- Reducing budgets and headcount
- Adopting new technologies to be more efficient
- Increasing automation and lack of human oversight
- Consolidation of finance functions and the rise of shared services
- Changes to supply chains
FISCAL solutions use forensics and artificial intelligence to check every transaction with a battery of tests that identify possible errors, compliance issues or fraud. Armed with this insight, public and private sector organisations can protect their supply chain, safeguard working capital and reputations, drive cost efficiencies and protect margins.
Our customers include
"Our experience with NXG Forensics has been excellent and I am confident that the protection from fraud and risk provided by NXG Forensics is the highest we can achieve."
Finance Manager, Debenhams Retail Plc
Over 15 years FISCAL has built up an in-depth understanding and appreciation of the needs businesses in all sectors have to protect their organisational spend.
We have over 250 customers, operating in all industry sectors, using all ERP systems, and in the US, Europe and the UK.
To find out how you too can benefit, contact FISCAL Technologies here to discuss a no-cost, no-risk demonstration of the protection enjoyed by over 250 organisations.
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Surrey County Council
Read how the Payment Team went from reactive to proactive with AP Forensics.
Risk Review uncovered errors within previously recovery-audited records.