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The Legacy of Covid-19 in Accounts Payable
Covid-19 caused AP teams to rapidly move to remote working, and for many, paying suppliers quickly via purchasing cards (P-Cards). With no time to put appropriate controls in place around P-Card spend, many duplicate and incorrect payments were made. For most organisations, these remain undetected. This webinar explores the legacy of P-Card and invoice spend errors and duplication and how to detect this and put preventative controls in place.
Continuous ESG Monitoring
Without daily checking of your Master Supplier File (MSF) against global ESG risk sources, you risk purchasing from a supplier that could damage your reputation or interrupt your supply chain. With legislation on the horizon and increasing prioritisation of ESG compliance with customers and investors, continuous ESG monitoring has become essential for public and private sector organisations.
The Specsavers Finance Shared Services Division supports over 2,000 stores in the UK, Ireland and the Netherlands. The AP team processes more than 100,000 invoices each month using one ERP system, Open Accounts V8, across multi-organisational entities. NXG Forensics gives Specsavers instant £12.5 million ROI and slicker processes.
Protecting Financial Operations In Housing
Leading housing providers, construction, and property management companies are adopting these practices to change their approach to fraud and error prevention from reactive to proactive. Doing so allows them to introduce effective, long-term risk management while reducing costs and being seen as value creators.
E-Book / Brochures
University of Portsmouth
University of Portsmouth achieves ROI of over 500%, by recovering and preventing duplicate payments. As part of the University’s initiative to reduce risk within finance, FISCAL’s Forensic solution was implemented.
Protecting Financial Operations In Healthcare
Leading healthcare finance teams are adopting these practices to evolve their approach to fraud and error prevention from reactive to proactive. Doing so allows them to introduce effective, long-term risk management while reducing costs and being seen as value creators.
E-Book / Brochures
Coping with a Tsunami of Change
Tony Hagland, Senior Business Partner for Corporate & Capital Accounting, Blaenau Gwent Council, joined us to explore how the procure to pay cycle has been forced to evolve in the current environment as well as how Councils are updating their Financial strategies in light of the last 2 years and with the prospect of at least 2 more years of economic challenges and uncertainty.
Principles of Procurement Fraud Prevention
During this paper, Dave shares his expertise in fighting the new wave of fraud in practical terms, based on real-life insights gained from many years of in-field experience.
White Paper / Exec Briefing
Reduce Fraud to Cut Costs – CPD Accredited
In this webinar, Dave Verma, fraud investigator, covers the 5 principles of fraud prevention and steps that Finance and Procurement leaders should take, to move from reactive to proactive methods that reduce procurement fraud.
The Last Dance: Making sure your next Recovery Audit is the last one you ever perform!
This webinar demonstrates that, with the right tools, your organisation will be able to achieve assurance and visibility while protecting its working capital, regardless of future challenges that may arise.
Accelerated Forensic Analysis of Procure-to-Pay Processing
Join Brendan Burke, our Head of Education and Consultancy Services, to understand the process we go through, and what you can expect when we perform an Accelerated Forensic Analysis service.
LSE Supplier Risk Intelligence Brochure
PLCs are facing an unprecedented level of risk in their Procure-to-Pay (P2P) cycle. Automation and complexity in P2P processing have introduced new challenges, and the risks of fraud and non-compliance continue to rise.
E-Book / Brochures
Take the Statement Reconciliation Litmus Test
Our presenter, Alex Tabb, Services Consultant, shares her wealth of knowledge and insights into why this painstaking task is so important and how FISCAL can alleviate that pain to release locked-up cash and recover previous overpayments and credits on the account.
Between the Spreadsheets: The Dangers of Dirty Data
Join Susan Walsh, Founder and Managing Director of The Classification Guru. Susan is a data classification, coding, and cleansing specialist and will share her experience of common problems and how they can be avoided.
NEP Case Study
Northumbria Healthcare NHS Foundation Trust (Northumbria) is part of the North East Partnership (NEP), an NHS Consortium of approximately 30 NHS organisations. Learn how FISCAL Technologies helped NEP conquer challenges.
Increasing the functionality of the largest NHS Consortium while reducing its risk and cost
Our speaker, Tim Elliott, Deputy Associate Programme Director & General Manager, NEP has been at the forefront of transforming the largest NHS Consortium’s financial solutions framework. A valued FISCAL Technologies client, this non-profit making Consortium provides NHS organisations with fully supported access to Oracle’s latest business applications (E-Business Suite).
How Often Do you Brush your Teeth? – CPD Accredited
A poorly managed Master Supplier File is a breeding ground for fraud, payment and sanction issues resulting in high financial penalties. It can also cause real headaches if you are migrating to a new ERP any time soon. Without a proactive intelligent approach, these issues typically worsen over time.
Legends of Financial Control: Paul Sutton
Join us to hear about Paul’s experience, gained from over 25 years of finance leadership in commercial and public sector organisations.
57 Ways to Increase Accounts Payable Success
This workbook is intended for leaders and managers of Accounts Payable (AP) and Procure-to-Pay teams, who are keen to improve their team’s performance. Think of it as a checklist of proven activities that are sure to increase AP success and will take only a short time to go through.
White Paper / Exec Briefing
Supplier risk management report
New research by Purchase to Pay Network (PPN) in partnership with FISCAL Technologies shows that despite recognition of increasing supplier-related risks in Accounts Payable and Procure to Pay processing, current controls are not sufficient – not providing the protection needed.
The barriers to making improvements and the priority areas for improving supplier checks are identified, along with recommendations for implementing these.
White Paper / Exec Briefing
Legends of Financial Control: Sam Ryan
In this webinar, you will hear from Samantha Ryan, finance legend, who will discuss the financial controls she has implemented, and David Griffiths, CEO Fiscal Technologies, who will use the 5-pillars framework to draw-out Sam’s experience in these important areas.
Protecting Financial Operations in Retail
Deloitte’s 2022 Retail Industry Outlook warns of empty store shelves, over one million retail jobs unfilled, and surging inflation. Yet despite these headwinds, there are opportunities to embrace this turbulence, to drive changes for future growth: restructure supply chains, rightsize inventory management, review pricing and promotions, and reinvent stores for the digital age.
Continuous Sanction Monitoring
Sanction lists are updated every day, but only 9% of organisations* cleanse their Master Supplier File monthly or more frequently.
One-off sanction checks during new supplier onboarding or infrequent checks do not provide adequate protection. Anything less than continuous sanction monitoring introduces a risk of non-compliant supplier purchasing, with severe consequences
* According to research from Purchase to Pay Network 2022
Legends of Financial Control: Caroline Adams
Join Caroline Adams, former Senior Finance Manager, Debenhams, and David Griffiths as they look at the need for additional controls in P2P/AP and shared services and how these will reduce fraud, risk, and compliance issues, and drive protection, performance improvements, and cost savings.
Critical Compliance and Controls that every CFO needs to know about
Join FISCAL’s Ray Welsh, Head of Product Marketing and James Wilson, Product Owner as they look at the need for compliance in supplier spending, including sanctions and ESG compliance as well as spend controls and fraud detection. This webinar also includes an exclusive solution demo.
Solution Overview Brochure
Unnecessary cash leakage is caused by weak or out of date controls in procure to pay processing. Risks from suppliers and in your transactions with them will always result in cash loss, costly invoice processing, and the risk of fraud.
Combatting Supplier and Staff Fraud Risk
For the finale of our ‘Perfect Storm of Risk’ series, we were again joined by Dave Verma, anti-fraud expert, and David Griffiths, FISCAL Technologies CEO, who looked at insider fraud in detail including the psychology of fraudsters.
Stopping the Wave of Advancing Fraud
Dave Verma, Counter Fraud Expert, discusses how good corporate wide management and systemic controls can ensure organisations can, with retrospective and proactive controls, protect their bottom line.
Fighting Fraud within Invoice-to-Pay
Join David Griffiths, CEO, FISCAL Technologies and Counter Fraud Expert, Dave Verma, for this unique opportunity to hear from two seasoned experts discussing the real risks being encountered today, and how you can develop an anti-fraud culture
A year in the life of NXG with Nish Makwana, Finance Manager, Specsavers Optical Superstores
Specsavers sought a solution to identify and prevent overpayments as well as visibility of all payments. Implementing NXG in 2020, Nish will discuss how our forensic solution has transformed AP helping to maximise cash and reduce risk.
The Perfect Storm of Fraud, Risk & Compliance is Approaching – 5 Steps to Get Prepared
Join David Griffiths, CEO, FISCAL Technologies and Counter Fraud Expert, Dave Verma, as they discuss 5 steps to get prepared for The Perfect Storm of Fraud. Dave shares real-life examples of fraudulent activity within organisations.
Guide to Controlling AP Costs
Join Ray Welsh, Head of Product Marketing, FISCAL Technologies as he considers how to reduce costs, overpayments, and fraud risks in your Procure-to-Pay cycle.
7 Procure-to-Pay Risks that Derail ERP Migrations
During this 30 minute webinar, Ray Welsh, Head of Product Marketing at FISCAL Technologies considers the steps you should take to protect your P2P cycle from risks before, during and after ERP migration projects.
ERP Migration – Procure-to-Pay Risk Protection
Before, during, and after your ERP migration, our software and services deliver proactive risk protection for AP teams and the P2P cycle.
A Guide to Controlling AP Costs
How to reduce costs and overpayments, compliance, and fraud risks in your Procure-to-Pay cycle.
White Paper / Exec Briefing
Finance Shared Services
Join Russell Ward, Head of AP and Enablement, NHS Wales and Frances Lawrence, Finance Director, FISCAL Technologies as they discuss how NHS Wales became an award-winning, remote working, profit centre within a very short timescale.
Trends in Finance for 2021
Ellen Leigh, Director at PPN and David Griffiths, CEO at FISCAL Technologies discuss the key challenges and opportunities facing finance in 2021 and how to measure your preparedness in these unique times. This will include projected changes in Finance staffing levels and operating budgets as well as the broader business trends, strategic enterprise priorities and their impact on the Finance agenda.
10 Priorities for CFOs and Finance Leaders in 2021
The rising role of finance in 2021
Protecting your organisation’s working capital is something you can do immediately with minimal cost and effort. We’ve created this scorecard – aligned with the Hackett Group’s 2021 Finance Key Issues – as a helpful tool to inform and guide your 2021 priorities and planning.
Protect Cash and Reduce Costs Before Payments Happen
Working behind the scenes with your existing ERP system, NXG Forensics works on a continuous, preventative basis to find duplicate payments and exceptions in your supplier and transaction data.
We see what your audit firm can’t.
If you enjoyed this resource, then why not click to discover 10 priorities for CFOs and Finance Leaders in 2021.
Protect Cash and Reduce Costs in Shared Service Centres
Over the last 12 months, we have seen these two areas of risk increase in priority for every finance function.
During this on-demand webinar you will hear from an experienced shared services Senior Finance Manager about these risks, what additional controls they needed, and the benefits experienced once FISCAL’s solution was put in place.
Reveal the risks present in your supplier spending – No-cost, no-obligation
Today’s Procure-to-Pay function is going through an immense transition from a purely transactional role to a more strategic one. On top of the ever increasing complexity and volume of transactions, the need to adhere to strict payment processing standards while also reducing headcount means that now, more than ever, it is essential to review your Accounts Payable transactions for fraud, risks and compliance breaches.
Guaranteed actionable insights to protect your organisation from unnecessary financial loss.
The next generation Procure-to-Pay (P2P) risk management solution
The time is right to adopt a new, continuous approach to P2P risk management.
NXG Forensics is forged from FISCAL’s 17 years of P2P protection expertise and our unique pattern matching technology. We have added in a battery of industry-recognised tests and the latest Artificial Intelligence to deliver the highest level of risk protection available.
Transforming Operational Finance
An in-depth look at the 5 best practices for effective Procure-to-Pay (P2P) risk management
Given the unprecedented challenges finance faced in 2020, many leaders are struggling with how to orient their AP teams and resources in 2021.
E-Book / Brochures
Learn how FISCAL Technologies helped NHS Wales Shared Services Partnership (NWSSP) conquer challenges in optimising their accounts payable department and practices.
Since commissioning the software in 2016, some £25 million of duplicate payments have been prevented.
What’s Next for Accounts Payable
This webinar considers the less-well-understood risks that lurk just below the surface, including the impact and knock-on effects of these.
Using real-world examples from our 17 years of experience, we will give you the tools needed to increase your risk protection from the first to second level.
Turning AP from Reactive to Proactive
Today’s finance leaders must juggle ever-increasing challenges and expectations. The business expects them to support cost reductions across the enterprise, manage its working capital efficiently and protect the organisation from the growing risk of fraud, loss, and reputational damage.
This webinar considers how the perfect blend of technologies – including AI-powered analytics and process automation – help eliminate errors, waste and expense, and all while simultaneously maximising productivity, strategic intelligence, and value creation throughout the entire P2P B2B process.
How to Reach your Digital Nirvana
Accelerated automation in finance to achieve “business as usual” has become the norm in these days of uncertainty and adjustment. However, the correct strategies must be in place so that costly errors are not made.
Supply chain management is imperative to ensure your organisation’s future stability and growth. This fireside chat considers the importance of building the correct approach behind implementing the right EInvoicing solution.