Transaction risk intelligence
Automated supplier statement reconciliation
Supplier risk intelligence
Managed AP recovery audit
Supplier file performance review
Forensic risk analysis
Consulting and bespoke reporting
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The more supplier statements you reconcile, the more discrepancies you discover, the more cash you can recover. Make automated statement reconciliation part of your routine.
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What is Automated Statement Reconciliation?
Our software analyses data from your accounting system, tracking a variety of risk indicators to surface duplicate, fraudulent or otherwise erroneous payments. Our software will identify risks, past overpayments, and potential areas for recovery and process improvement, whilst giving your team the information they need, at the time they need it, in order to efficiently and effectively mitigate risk before money leaves your organisation.
Why do you need it?
SPEED. EASE. SCALE. These are the transformative benefits of automating your vendor statement reconciliation process; you recover MORE cash, in LESS time. With fully automated discovery of exceptions, we find exactly where your money lies. Our software reconciles statements in seconds, and with bulk uploads, the process has never been this easy. The end result: You REDUCE risk, INCREASE recoverable cash and improve ledger accuracy. Plus, your staff avoid a tedious process and have more time for high ROI tasks!
Benefits:
- Batch processing capabilities for working at scale.
- Rapidly process all types of supplier statements.
- Individual statement reconciliations take just 7 seconds on average.
- Discover credit notes, rebates, discounts, duplicate statements and previous overpayments.
- Creates a prioritised list of discrepancies for review.
Testimonials & Case Studies
De La Rue: Case Study
De La Rue were looking for a solution that made their payments process watertight and protected against fraud.
Managing Fraud Risk - Webinar
Join Nandini Balakumar and FISCAL for this CPD-accredited webinar – an informative look at how to manage fraud risk within your organisation.
How to Strengthen your Fraud Defences- Webinar
In this webinar, fraud expert Robert Brooker and FISCAL CEO, David Griffiths share advice on proactive techniques that Finance leaders can use to detect and prevent fraud.
Fraud: The Threat From Within - Webinar
This webinar discusses what leads an employee to commit fraud, what the current insider threats and trends are, and what the future holds and why.
Want to know more about FISCAL Technologies?
We’d love to show you our solutions in action!
