FISCAL Technologies partners with the Coalition For College Cost Savings to offer its NXG FORENSICS® Procure-To-Pay risk management solution to 900 private US colleges
Press Release | 24th October 2019 by Sal Murdoch
FISCAL Technologies, a world leading provider of forensic financial solutions and services, and the Coalition for College Savings (The Coalition), announced today they are partnering to provide The Coalition’s member institutions consisting of nearly 900 private colleges across 30 states, access to the best-in-class Purchase-to-Pay (P2P) risk management platform.
The partnership will allow member institutions to benefit from a unique cloud platform that proactively protects college spend from fraud, risk & compliance issues and at the same time delivers immediate bottom line cost savings.
“Our partnership with The Coalition is a reflection of the increased awareness we’re seeing among institutions about the importance of protecting spend from increasing supplier risk and fraud,” said Eric Hayes, VP Client Development at FISCAL Technologies. “Proactively reducing supplier risk has the double benefit of creating immediate cost savings, while driving a program of process improvements throughout the purchase-to-pay process.”
Member institutions that participate in the program will have the additional benefit of receiving a special, no-obligation and no-fee Educational Purchase-to-Pay Risk Review that will help identify key areas of risk, fraud and cost saving.
“In response to the needs expressed by our member institutions, we sought to find a strong, secure, committed provider of P2P risk management that will deliver instant savings and long-term benefits to our members. FISCAL Technologies has a superb track record providing innovative solutions focused on driving process improvements and cost efficiencies in Education,” said Lyen Crews, President of the Coalition for College Cost Savings. “We are excited to release this new program to our members and look forward to a productive partnership.”
For more information on FISCAL Technologies and the products and services it offers visit www.fiscaltec.com or call 888.999.6505.
For more on the Coalition for College Savings visit their website www.thecoalition.us.
About FISCAL Technologies
FISCAL Technologies is a world leading provider of forensic solutions and services that empower purchase-to-pay teams across the globe to protect organizational spend.
Incorporating unique technology to reduce risk in the supply chain, FISCAL Technologies’ award winning cloud-based risk management platform is 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 transactions and is now relied on by over 250 leading private and public sector organizations. For further information visit www.fiscaltec.com
+44 (0)845 680 1905
About The Coalition for College Cost Savings
The Coalition for College Cost Savings (www.thecoalition.us) is a 501(c)(3) non-profit organization, established in 2006. The Coalition was conceived as a catalyst for the first comprehensive and collaborative purchasing effort focused exclusively on independent, private higher education. The Coalition’s goals are to leverage the collective buying power of private colleges to reduce operating costs, improve the efficiency of internal procedures and ultimately lower the cost of delivering education. From the earliest conceptual discussions of its structure in 2004, the Coalition has grown to 34 member organizations in 30 states that collectively serve nearly 900 private colleges and over three million students.
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