Detect potential fraud with forensic examination of suppliers and transactions
Monitor every supplier, every day for appearance on sanction lists
Monitor every supplier, every day for ESG-related adverse media
Identify slow and inefficient processes and devise process improvements
Our team use NXG Forensics to recover historical overpayments
Forensic analysis of invoices detects duplicate invoices and other anomalies
Recover past overpayments and prevent unnecessary payments in the future
Improve ledger accuracy and recover overpayments, credit notes and rebates
Monitor every supplier, every day for low credit rating
Action-oriented insights identify issues and guide you through resolution
We’d love to learn about your operational risk and compliance needs.
Event Overview Date:Tuesday 11th July Time:2:00 PM Duration:45 minutes How do you create a highly effective AP department? It is your responsibility to ensure that
Technology is the driving force behind change but with this comes a wealth of benefits, especially when it comes to AP. In the second part,
Any AP team will want to make sure that it works as effectively as possible and this can be done by making improvements to methods. These improvements can be achieved through technology – we take a look at the most effective solutions out there.
To determine the performance of your AP team, it’s crucial to compare how you perform both internally and externally. This will give you the scope to see how you perform from one year to the next as well as how you compare with other organisations.
There are many key metrics that can be used to determine how AP teams are performing. This information can raise awareness and help teams to identify their performance strengths but also seek out improvements. The aim should be to consider those metrics that underpin AP teams and so, it’s important to identify potential metrics.
There is no denying that the introduction of automation and smart systems have transformed the way in which AP works and operates. Sure, there might be fewer people involved but it’s about offering more than just a transactional function. This is because it is all about contributing more in terms of profit.
Technology is a vital part of financial control, but it’s how technology is used, implemented, and expanded that allows for proper financial control. So, let’s once again talk to the experts and take a deep dive into the topic.
In this blog, we talk about how value creation is an important part of successful financial control and how we generate value at every level of the business.
When it comes to controls and performance, it’s important to be able to monitor and track how the company is performing. Everybody understands the importance of performance tracking because it’s so ingrained now into business.
When we look at the five pillars of financial control, it’s clear that the first pillar is always leadership and people. No organisation, or business, or group can effectively function without solid leadership. It’s a necessary foundation for smooth operations.
With a large amount of money passing through the procure-to-pay (P2P) cycle each month – for many organisations this is the second-largest cash outflow, surpassed only by payroll, the temptation to fraudsters and the potential for errors are large.
It’s important that your Accounts Payable department is set up to perform to its full potential, unhindered data and process issues. To achieve this, it’s vital that you use the right tools to gain clarity into any problems, the obstacles, and the sources.
EMEA Headquarters
FISCAL Technologies Ltd
448 Basingstoke Road
Reading, RG2 0LP
UK
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FISCAL Technologies, Inc..
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NC 27624
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