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Recovery Audit | Duplicate Payment | AP Software & Services - FISCAL Technologies expands council reach with London Ventures partnership

FISCAL Technologies expands council reach with London Ventures partnership

Press Release | 01st May 2017

Reading, UK – 1 May 2017: FISCAL Technologies, the world-leading provider of accounts payable forensic software, has been approved as a partner in the London Ventures programme, which brings innovative companies together with London councils to deliver benefits for London residents.

London Ventures is a joint partnership between London Councils - the umbrella body for London local government – and EY, and its aim is to help companies and investors gain access to a range of public services. The partnership offers councils a competitive package of FISCAL’s forensic accounts payable software, including a free risk review and compelling pricing, which will enable councils to save money by reducing payment errors and protecting against fraud.

Michael Duffy, Regional Head of Customer Development at FISCAL Technologies, said: “London Ventures offers FISCAL a unique opportunity to showcase the benefits of our forensic technology to local authorities that are under severe pressure to safeguard spend against a backdrop of budget cuts. We look forward to working with London Ventures to raise the visibility of our innovative solution within the London local government market.”

Edward Lord OBE, Chair of the Capital Ambition Board said: “Now more than ever, London’s councils have to protect every penny, from fraud, invoicing errors, and compliance issues. FISCAL Technologies’ AP Forensics® software suite is currently used by 15 London councils, and over 70 UK Local Authorities to protect against just such losses, which in some cases can exceed £500k per year. Having a Venture partner dedicated to safeguarding spend will enable London councils to ensure they make the best use of taxpayers’ money.”

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About FISCAL Technologies:

FISCAL Technologies is the leading provider of forensic solutions that empower purchase-to-pay teams across the globe to protect organisational spend.

Incorporating unique technology to reduce risk in the supply chain, FISCAL solutions are used on a continuous, preventative basis to protect supplier spend, defend against fraud, increase profitability and drive process improvement.

Since 2003, FISCAL has safeguarded hundreds of millions of payments and is now relied on by over 250 leading organisations.
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Media Contacts
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0845 680 1905
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About London Ventures

The London Ventures programme brings innovative private and third sector ideas to the public sector.  The products, services and solutions in the Venture portfolio all aim to deliver significant benefits for London residents. They use cutting-edge technology to reduce costs and improve the effectiveness and efficiency of public services. 

London Ventures is a joint partnership between EY and London Councils - the umbrella body for London local government.  London Ventures is overseen by the Capital Ambition Board, which brings together all 32 London boroughs and the City of London.

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