Proactis and FISCAL Technologies join forces to provide clarity and visibility for robust business decisions
Press Release | 13th January 2020 by Sal Murdoch
Proactis, the global spend management and B2B eCommerce company, has announced a new partnership with FISCAL Technologies to help customers improve visibility and reduce risk across their finance function.
FISCAL Technologies is a leading provider of forensic solutions that enable Purchase-to-Pay teams around the world to protect organisational spend.
"We already have a number of mutual customers so there is established synergy of solutions and expertise between Proactis and FISCAL Technologies," stated Deborah Jones, Partner Manager at Proactis.
Incorporating unique technology to reduce risk in the supply chain, FISCAL’s NXG Forensics® enterprise solutions are used on a continuous, preventative basis to protect supplier spend, to reduce risk, defend against fraud and to drive process improvement. NXG Forensics employs machine learning and AI to adapt and apply industry-recognised logic, financial analytics and unique complex algorithms to meet each organisation’s specific data structure and processes. This reduces incidence of false positives and identifies risks with great depth, accuracy and clarity. Results of AI-generated complex analysis is then delivered in understandable and easy-to-act-upon dashboards.
Deborah continued, "NXG Forensic fits perfectly into Proactis' suite of Source-to-Pay solutions and adds significant additional value for a customer, prior to making payment, by providing an extra level of assurance and audit controls to avoid inappropriate payments being made. We are very much looking forward to working with the FISCAL Technologies team."
"At FISCAL Technologies, we pride ourselves on delivering industry-leading forensic software solutions that empower Purchase-to-Pay teams to protect organisational spend," stated Colin Rigby, Head of Strategic Alliances and Channel at FISCAL Technologies. "Together with Proactis we can help provide greater clarity and visibility of financial risk to enable organisations to make more robust, better-informed decisions and protect working capital."
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 organisational 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 leading private and public sector organisations.
Proactis Business Spend Management solutions help organisations achieve great cost savings, full spend control and process efficiency in ways that gain and sustain the greatest bottom-line value. Proactis solutions are used by over 3 million people, serving 1,000 enterprise clients. From managing sourcing, contracts and procurement transactions to supplier collaboration and automated invoice processing, our integrated spend management solutions streamline and control all purchasing and spend.
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Tags: AP Recovery Audit Software AP Risk Management FISCAL People Managing AP Risk Partner