Increased oversight of your suppliers is key to your success
Today’s supply chains are impacted not only by the volatility of geopolitical agreements and tariffs but also by local pricing issues, plant capacities, weather, natural disasters, and complex constraints and opportunities in supplier networks. Successful organizations take advantage of these factors to improve their businesses, but with these factors comes the risk of fraud and misconduct.
“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 manufacturing finance departments include;
- Trade and tariff uncertainties
- Political uncertainties
- Changing supply chain
- Sub-contractor payments
- Labor concerns
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, manufacturers can protect their supply chain, safeguard working capital and reputations, drive cost efficiencies and protect margins.
Our manufacturing customers include
"FISCAL Technologies’ unique approach adds a critical layer of preventative oversight designed to identify systemic and transactional exceptions, enabling PSC Metals to categorize root causes and drive process improvements."
Jared Maloof, CFO, PSC Metals
Over 15 years, FISCAL has built up an in-depth understanding and appreciation of how manufacturing customers need to protect their organiZational 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 organizations.
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