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Automated Supplier Risk Monitoring
Meet audit requirements, automate supplier file maintenance, reduce fraud and eliminate payment risks.
Protect your organisation proactively.
Supplier files are complex, but they don’t have to be.
Managing supplier master files presents challenges for even the most sophisticated finance operations.
Teams face mounting pressure from auditors while struggling with limited resources, and there is little time for this demanding task.
Without regular maintenance, supplier files undermine payment accuracy, hinder spend analysis, and create compliance vulnerabilities. This ultimately affects an organisation’s bottom line, supplier relationships, and reputation.
Manually checking supplier data is time-consuming and difficult, so only 12% of finance teams cleanse and validate suppliers monthly or more often.
Pay the right supplier at the right time.
Our software automates supplier file management, finding key supplier risks creating a fast and straightforward process for your team. It enables you to comply with audit requirements, reduce transaction risk including late payments and overpayments, and pay the right supplier, the right amount, at the right time.
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Cleanse your master supplier file data
Our software automatically finds dormant and duplicate suppliers in real time, so you can correct missing, incorrect or outdated supplier information as soon as possible. Use in-depth dashboards for full risk visibility, with easy-to-use actions to resolve supplier issues fast.
You’ll prevent payment errors including overpayment or late payment from paying the wrong supplier or account. This reduces recurring supplier queries and repeated one-time supplier purchasing, thereby improving supplier relationships and strengthening the supply chain.
Monitor for compliance, fraud and supply chain risk
With our software, you are always aware of supplier file changes so you can protect your organisation and its’ reputation. You can also complete employee-supplier file data comparison to reduce fraud risk, and identify supply chain risk with sanctions screening, credit score monitoring and adverse media monitoring.
Cleanse with confidence
Use the dashboard to easily find and address only the suppliers requiring action, saving you time. You’ll be able to identify problem suppliers with ease to make the best financial decisions for your organisation.
Ensure your data is audit-ready
Have confidence in the accuracy of your MSF data even as your supplier network grows, so you can be always be prepared for audit. With a comprehensive audit trail and essential oversight, you can transform audits from stressful events to routine procedures.
About FISCAL.
FISCAL Technologies was founded in 2007 with a vision to provide Accounts Payable/Procure-to-Pay (P2P) risk management software and services that improve performance, mitigate risk, and supports organisational growth.
Originally launching with a transactional risk solution, our platform has continued to grow, now offering a comprehensive risk management tool that saves time, effort and money for our broad range of customers.
Today we continue to successfully safeguard millions in spend for our clients. We’re constantly pushing the envelope, developing our software to deal with real P2P challenges and updating regularly with new features and modules, providing incredible value.
Customer success stories& testimonials.
Resources:
Supplier Risk Monitoring Fact Sheet
Continuously monitor your master supplier file for accuracy, fraud, compliance and supply chain risks.
Why smart AP teams cleanse and monitor supplier data regularly
If your supplier master file hasn’t been cleansed in a while, you’re not alone. But today’s most effective finance teams are optimising the process. This blog explains why.
Beyond supplier cleansing: The case for continuous monitoring
This blog discusses master supplier file controls, and how you can overcome operational difficulties to achieve constant supplier file maintenance.
How Often Do you Brush your Teeth? – CPD Accredited
A poorly managed Master Supplier File is a breeding ground for fraud, payment and sanction issues resulting in high financial penalties.
Book a demo and see it in action.
EMEA Headquarters
FISCAL Technologies Ltd
448 Basingstoke Road
Reading, RG2 0LP
UK
EMEA Enquiries
Phone: +44 (0) 845 680 1905
North America Headquarters
FISCAL Technologies, Inc..
PO BOX 99551
Raleigh
NC 27624
US Inquiries
Phone: 1-888-999-6505
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