Be ECCTA ready with smarter spend oversight.
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) is changing how UK businesses manage financial risk. For senior finance leaders, the pressure is on: proactively prevent fraud, enforce stronger internal controls, and prove due diligence at every stage of the accounts payable process. It is due to come into force in September 2025.
From AP managers to CFOs, the responsibility is clear – ECCTA introduces a new “failure to prevent fraud” offence. If your company benefits from fraudulent behaviour by an employee or third party, and you can’t demonstrate “reasonable procedures” were in place, your organisation can be prosecuted. Unlimited fines. Reputational damage. Regulatory scrutiny.
The ECCTA isn’t just about ticking boxes – it demands real systems that can prevent fraud, enforce policy, and prove that your finance operation is in control. That’s exactly what FISCAL delivers.
Our platform combines forensic-level AP transaction auditing, continuous supplier risk analysis, and audit-ready reporting – so you can stay compliant, reduce manual burden, and protect your organisation’s finances in real time.
Here’s how FISCAL helps you meet the incoming ECCTA requirements:
FISCAL continuously analyses every transaction, every day, using advanced forensic logic and AI-driven pattern recognition. It flags anomalies like duplicate invoices, unusual payment behaviours, and suspicious supplier activity – before funds leave your business.
That means errors and fraud are caught early, not discovered in a post-event audit when it’s too late.
Every action; approvals, exceptions, and corrections are logged and time-stamped. You get a full, immutable audit trail across your AP function. If an ECCTA offence occurs, you’ll be able to demonstrate clear evidence of oversight, monitoring, and control.
Be ready for audit and regulator scrutiny, without additional workload.
With ECCTA raising the minimum standards around third-party vetting, FISCAL’s built-in supplier profiling tools give you real-time insight into your master supplier file. Flag high-risk vendors, track changes to banking information, and maintain clean, verified data.
You’ll know exactly who you’re paying, and why – at all times.
Our software isn’t just about detection – it helps manage your internal finance policies and provides critical oversight of your payments process. Set up rules to flag high-risk transactions for approval, spotlight problematic suppliers, or alert on spend patterns that exceed set thresholds.
Controls are embedded into your daily workflow – no spreadsheets, no manual checks, no inconsistency.
Bottom line? FISCAL gives you real control over financial risk, fraud exposure, and ECCTA compliance – all while making your finance team more efficient.
When a regulator asks how you’re preventing fraud, you’ll have more than a policy document. You’ll have proof.
Our CPD-accredited webinar dives deep into advanced risk assessment, due diligence, and prevention strategies to help your organisation stay ahead of regulatory changes..
What you need to know about ECCTA as a finance professional, particularly with regard to the failure to prevent fraud offence.
We join fraud expert Robert Brooker to talk about fraud prevention, and compliance with new failure to prevent fraud legislation.
From modest beginnings, FISCAL has grown into a trusted partner for public and private organisations across the globe.
Over the years, we’ve remained committed to providing unrivalled value with our groundbreaking software, offering solutions that finance professionals can’t be without.
Today we continue to successfully safeguard billions of transactions for our clients. We’ll continue to push the envelope, utilising the latest technologies and refining our product, so our customers have the latest technology and the highest specification software.
Book a meeting to see how FISCAL helps your finance team meet ECCTA expectations with confidence:
Strengthen your controls and ensure compliance today!
We’d love to show you our solutions in action!
EMEA Headquarters
FISCAL Technologies Ltd
448 Basingstoke Road
Reading, RG2 0LP
UK
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Phone: +44 (0) 845 680 1905
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FISCAL Technologies, Inc..
PO BOX 99551
Raleigh
NC 27624
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Phone: 1-888-999-6505
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