Cut costs, recover lost cash, and support your organization’s growth goals
Continuous forensic analysis of suppliers and their invoices delivers actionable insights that empower your Accounts Payable, Procure-to-Pay and Shared Service Centre teams to achieve more.
Utilizing advanced forensics and machine learning, NXG Forensics works in parallel with your ERP system. It operates continuously and preventatively, to make your job easier, faster, and more effective.
Developed and refined over many years, NXG Forensics’ risk detection used a unique, supplier-centric approach. This maximizes risk detection and identifies risks as soon as they enter your ERP system; every supplier and every invoice are checked every day.
In addition to your P2P data, NXG Forensics checks against external risk databases to find more risks across the whole P2P cycle e.g., government sanction lists and global ESG adverse media monitoring for all of your suppliers.
You will enjoy many benefits, including:
Improved process efficiency
Risk detection and root-cause analysis drives process improvements to remove the source of issues and increase processing efficiency.
NXG Forensics has a unique approach to ensuring your cash flow is protected. You will be notified to review high-risk invoices as soon as they enter your ERP system.
All supplier and invoice details are checked as soon as they enter your ERP system. We check for common issues like duplicate invoices and supplier detail changes, and a large number of other exceptions and risk types
Additional controls provide proactive protection from risks such as fraud, supplier overpayments, non-compliance with sanctions or ESG best practices, and interruptions to your supply chain.
Read our blog “You see what nobody else sees“
Customer Success Stories & Testimonials
Mitigate risk with P2P-specific analytics
Business resilience is more important than ever. Accounts Payable, Procure-to-Pay and Shared Service Center teams are expected to do everything possible to prevent risks that would damage the organization.
Reports and dashboards make insights clear and actionable
NXG Forensics comes with pre-build P2P specific reports and dashboards that enable you to see trends and totals, and export to Excel as required.
Extend supplier checks with continuous sanction and ESG monitoring
Without regular checking of your Master Supplier File (MSF) against leading global risk databases, you are at risk of prosecution for breaching government sanctions or purchasing from a supplier with a poor ESG track record.
Sanction lists and ESG failure reports are updated every day, and one-off checks during onboarding or 6-monthly thereafter do not provide adequate protection.
Government sanction breaches carry fines of up to £1m, along with interrupted supply chains and possible reputational damage. Some sanctions even carry the risk of imprisonment if broken.
Continuous supplier sanction and ESG monitoring from NXG Forensics reviews every active supplier against the leading global database of sanctioned organisations and ESG reports, every day. A potential match is detected as soon as one of your suppliers appears in a sanction list or ESG report, providing you with the earliest opportunity to remedy the problem.