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.
Reserve a place
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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McCarthy Stone recovered £640k in missing credits and protected £480k monthly cash flow by automating statement reconciliation across their multi-ERP environment—eliminating manual processes that previously created unacceptable risk.
McCarthy Stone faced significant challenges as a large developer and property management organisation, with recurring supplier billing and significant monthly spend. Maintaining accurate, up-to-date supplier accounts is essential but with two accounting systems and multiple business units, manual statement reconciliation was becoming increasingly time-consuming at scale. Risk was growing as transaction volume increased.
McCarthy Stone faced significant operational and compliance challenges managing their multi-ERP environment. They had complex system architecture, managing transaction across multiple accounting systems and 3 business units Manual statement reconciliation was becoming increasingly time-consuming at scale, and due to that there was a growing error risk as transactions volume increased. This was a significant operational and compliance risk with potential for missed credits and discrepancies. They needed robust and secure controls across a large supplier base, and a system that could handle the complexity of their organisation and integrate seamlessly into their processes and systems. Key Challenge: With high volumes of credit notes (averaging £5,654 each) and complex supplier relationships, manual reconciliation created unacceptable risk of missing significant credit values across multiple ERP systems.
In 2023, McCarthy Stone implemented FISCAL’s automated Statement Reconciliation module as part of their comprehensive working capital protection strategy. They we able to scale their reconciliation activity, reduce manual effort and improve accuracy. They now enjoy:
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