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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MNP ran a centralised Accounts Payable function, with one person responsible for checking 7,000 monthly invoices. They needed a speedy and reliable solution that enabled timely payments and a secure process. Now implemented, FISCAL’s solutions are central to their payments process, preventing $174,000 in losses within a year!
MNP Corporation (MNP) is one of the largest manufacturers of fasteners, with over 1200 and 16 operation and support divisions across the Midwest US. They run a centralised AP function, which involves 15 staff members inputting 6-7k of invoices per month.
Purchasing FISCAL’s Forensic solution in 2013, it soon became the center of all MNP’s AP processing. No payments are made until the high-risks uncovered by FISCAL’s solution have been reviewed, which only takes 15 minutes each morning. A return of investment was soon made in the first year. The payback continues and in one financial year FISCAL’s forensic solution prevented MNP making $174,000 of erroneous payments.
Always keen to be an early adopter of any system, MNP requested a demonstration of next generation, cloud-based software solution, NXG Forensics. “As soon as we were shown NXG we knew that this Accounts Payable software would be the icing on the cake for our vendor invoice to payment processes”. Accounting Manager, MNP They really liked the intuitive layout and the visual functionality.
As with many corporations across the world, a serious challenge presented itself to the finance team in 2020. COVID-19 hit them, resulting in the entire AP system and processes being closed down. Payments were delayed and vendors had to be pacified. This led to the senior management team requesting the Accounting Manager to source a cloud-based finance system. With COVID-19 also affecting the working environment, the system chosen had to be accessed from anywhere and at any time, as well as being secure and stable. The new ERP, Netsuite, was chosen. Co-ordinating this digital transformation to incorporate all the auxiliary systems, including NXG Forensics, was very challenging, especially as the team had been given a short timeframe to complete. However, strongly supported by the FISCAL Services Team from day one of the transition ensured a smooth switch requiring minimal downtime.
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Early supply chain warnings before a supplier failure costs you.
We’d love to show you our solutions in action!
