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Partner at ICAEW's Financial Controllers' Update 2020

FISCAL Technologies

FISCAL Technologies is a world leading provider of forensic financial solutions and services that empower P2P and Shared Service teams across the globe to protect organisational spend from loss due to fraud and error.
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Clarity and control
Finance leaders must juggle ever increasing challenges and expectations. This whitepaper enables you to navigate the minefield of P2P obstacles. Read now

FISCAL Technologies cloud-based forensic financial solution, NXG Forensics, empowers Purchase-2-Pay and Shared Service teams to reduce supplier payment error, optimise operating costs and reduce risk of fraud across the P2P process.

Products and services

NXG Forensics® is our pure-play, cloud based, payables assurance solution. Used on a continuous preventative basis, it monitors 100% supplier transactions prior to payment, identifies overpayments and adverse trends to defend against fraud, reduce loss due to error and drive process improvement.

With secure connection to any ERP system, the results of detailed analysis are delivered via understandable and easy to act upon reports and dashboards. Designed using artificial intelligence and machine learning, NXG Forensics deploys an extensive range of financial logic, recognised analytics and our unique algorithms to identify payment risks with exceptional accuracy and clarity. Delivering actionable intelligence and payables assurance through:

  • Simple daily routine prior to payment.
  • Dashboards and reports that identify risk categories to quickly dismiss transactions not considered an issue.
  • Delegation and segregation of duties for transactions to relevant team members for resolution.
  • Structuring workload, analytics across complex shared service and finance environments.
  • Filters to prioritise transactions and allow the user to focus in on the relevant/important transactions.
  • Identification and recording of the root cause of transactions issues, to assist process improvement initiatives.
  • Supporting regulatory reporting, such as Payment Practice and NFI Reporting.

NXG Forensics removes the need for resource-heavy audits, recovery projects and facilitates successful transformation programmes. It enables AP Leaders to quickly and simply maintain payment performance routines across both simple and complex finance structures.

Our customers use our solution to validate 100% of the payments processed by their ERP system due to the constraints and complexities that are inherent in P2P Automation solutions.

FISCAL Technologies solutions and services have processed more than one billion transactions across 16 years and protected £5 trillion in organisational spend.

Supporting ICAEW events

At ICAEW's Financial Controllers' Update 2020

2 December

Find out more and book tickets

Logo of FISCAL Technologies partner at ICAEW's Financial Controllers Conference 2020