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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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.
When asked how often they conduct checks on their suppliers, most respondents in a recent survey conducted by Purchase to Pay Network (PPN), in partnership with FISCAL Technologies, answered that it is only once, at the time when the supplier is initially onboarded.
Sanctions are in the news again. As one of the tools used by governments to implement their foreign policy, it is the situation with Russia and Ukraine that is currently creating threats of new and stronger sanctions on Russia being imposed by UK and US governments, among others.
The world is certainly a different one to before the pandemic. The outlook is not promising, but according to Deloitte’s 2022 Retail Industry Outlook, there are opportunities available. It could be considered a reset if retailers restructure supply chains, rightsize inventory management, and reinvent their online/offline strategies to shape themselves for a new future.
Operating in the ‘new normal’ – Are we adequately managing the increased risk of fraud, policy elasticity and error?
Although AI, Bots, and RPA are all fashionable trends and are being adopted by most larger organisations, the questions many are asking are: can they be trusted, and do they work?
Although AI, Bots, and RPA are all fashionable trends and are being adopted by most larger organisations, the questions many are asking are: can they be trusted, and do they work?
Core business processes, like supplier spend, have been thrown into complete disarray, as their teams have been unable to get into the office and follow their existing, often manual processes, so the need for change and improvement has been accelerated into focus and moved to the top of their to-do lists.
With an ERP migration – and most other finance transformation projects, there are risks to your Procure-to-Pay (P2P) cycle that increase significantly during, and possibly after, the migration project. Careful planning will mitigate these risks and leave you with a new ERP system that’s optimised for P2P risk detection and continually protected.
Advanced is excited to launch the next phase of its partnership with FISCAL Technologies, offering new and existing customers a solid solution to safeguarding their business.
Our Fiscalites recently took on the challenge of climbing Mount Everest from the comfort of their own homes to help raise money for FISCAL’s 2021 chosen charity – New Beginnings Reading.
