Software
Transaction risk intelligenceMaintain control of transaction risks to protect spend and improve cash flow. AI analyses and identifies risks across every transaction including duplicate invoices, data discrepancies, suspicious activity and incorrect POs. Use these insights to resolve exceptions faster and pay suppliers correctly.
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Automated supplier statement reconciliationMatch more statements, more often. AI automatically requests, collects, processes, and compares ERP data to find exceptions, saving time and increasing productivity. Shift team focus to recovering overpayments and missing credits.
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Supplier risk intelligenceTransform supplier file maintenance challenges into payment confidence and audit readiness, and highlight compliance and supply chain risks. Our software intelligently detects dormant or duplicate suppliers and incorrect supplier data, to prevent fraud and losses.
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Managed AP recovery auditA focused review of historical overpayments and recovery of lost value to improve your ledger accuracy, completed by the FISCAL team.
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Supplier file performance reviewA review of your master supplier file, giving you the ability to cleanse it of dormant and duplicate suppliers, to prevent payment delays and decrease fraud risk.
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Forensic risk analysisA comprehensive review of AP transactions, suppliers and statements, best during times of change to protect from fraud, overpayment and non-compliance.
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Consulting and bespoke reportingAdditional tailored project work including training, consultancy and reporting, including analysis and reporting led by our experts.
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An evening of practical discussion on where AI is genuinely earning its place in finance functions, and where it isn't yet.
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Local Government organisations across the UK trust our software to indicate transactional and supplier risks. Discover how our solutions can reduce overpayments and spot attempted supplier fraud.
40+ AP teams in public and private healthcare organisations trust FISCAL to find and mitigate risks. Learn how we protect your working capital and help continuously improve process efficiency, so you can focus on providing care.
Our end-to-end transaction and supplier risk solutions are trusted by over 100 businesses. From national retail chains to international currency providers, we've helped clients reduce cash leakage and improve their P2P processes.
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De La Rue were looking for a solution that made their payments process watertight and protected against fraud. With FISCAL in place, they’ve been able to protect working capital, improve efficiency, and champion their Accounts Payable function.
De La Rue is the world’s largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as passports, authentication labels and fiscal stamps. The company is a leading provider of cash sorting equipment and software solutions to central banks, helping them to reduce the cost of handling cash. It also pioneers new technologies in government identity solutions for national identification, driver’s licence and passport issuing schemes.
As a result of its size and geographical distribution, with 4,000 people employed across 24 countries, De La Rue has a complex organisational and business structure. The nature of the company’s business means that it is even more conscious than many other companies of the importance of maintaining watertight systems and processes, while remaining ahead of the curve with regard to compliance issues.
The company had strong accounting systems and processes in place but, given that it processes more than 30,000 invoices each year, the AP team wanted to be sure that it wasn’t losing money due to invoicing errors, duplicate payments and supplier fraud.
Following detailed research of the solutions on the market, De La Rue determined that using an in house prevention system that operates before each payment run would be cost-effective and the most efficient route to take. The company reviewed a number of possible solutions before finally choosing FISCAL.
Utilising advanced forensics and machine learning, NXG Forensics works in parallel with your ERP system. Developed and refined over many years, our risk detection uses a unique, supplier centric approach that maximises risk detection, and identifies risks as soon as they enter your ERP system. Every supplier and every invoice is forensically checked, every day. It prevents potential overpayments, invoicing errors, compliance issues and supplier fraud. Designed for busy AP teams, it has helped De La Rue to build additional in-depth checks into the company’s AP processes before payments are made.
Because FISCAL’s software does not require a direct interface with an accounting system, installation was very quick and required minimal support from De La Rue’s IT department. The effective and simple-to-use reporting functionality outlined possible overpayments in order of risk, making evaluation quick and easy, while delivering the kind of control that De La Rue wanted to achieve.
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