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Fiscal Sectors - Retail

Trusted supplier relationships are key to your success

The supply chain is quickly becoming a way for retailers to offer consumers a differentiated service. But making the supply chain faster, more predictable and cheaper is difficult to manage simultaneously. Compounded by the unrelenting pressure of competition, online disruption and a focus on improving margins it is inevitable risk and fraud can increase.

“The use of proactive data monitoring and analysis correlates with 52% lower fraud losses and 58% faster resolution, yet only 37% of organizations implement these controls.”
-
ACFE Report to the Nations 2018

Drivers that increase risk and fraud in retail finance departments include;

  • Cost pressures to renegotiate supplier contracts
  • Increasing foreign suppliers
  • Automation and lack of human oversight
  • Changing buyer trends and channel shift
  • Rising costs

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, retailers can protect their supply chain, safeguard working capital and reputations, drive cost efficiencies and protect margins.

Our retail customers include

Mothercare

JD Sports

Burberry

Nordstrom

"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 how retail customers need to protect their organisational spend.

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.

Explore retail solutions

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Find useful information that provides
genuine insight about our solutions.

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Case Study:
QVC

Risk Review uncovered errors within previously recovery-audited records.

Download Case Study

Brochure: Procure-to-Pay Best Practice Assessment

Analyse your entire AP/P2P operation
across 5 categories.

Download Brochure

 

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