CloudTrade is a leading provider of cloud-based intelligent data capture services. The partnership between FISCAL Technologies and Cloud Trade offers customers the ability to further strengthen their Procure-to-Pay (P2P) risk protection with proven solutions and services.
With traditional controls like external audits only picking up 4% of fraud by external auditors, according to a recent report by ACFE, CloudTrade’s customers can now utilise their captured data and further enhance their transaction processing with FISCAL Technologies solutions.
CloudTrade’s solution brings 100% data-accurate line-level capture into a customer’s P2P protection workflows, providing fully auditable data that is validated before entry. By combining CloudTrade’s data capture solution and FISCAL’s Technologies’ NXG Forensics® cloud-based risk management platform, businesses can enhance their payment compliance processes, secure against invoice fraud, safeguard their working capital and, at the same time, reduce the risk and cost of missed payment recovery programmes.