London Boroughs Save £1m Each Year Using FISCAL Technologies

Nov. 11, 2011 - PRLog -- AP Forensics® Empowers Accounts Payable Across London

FISCAL Technologies, providers of world-class accounts payable audit software, held a London Forum on 19th October. Attended by Exchequer managers from 5 London Borough authorities, FISCAL provided the platform for lively debate on current issues and trends facing their departments.  This included supplier fraud, overpayments, compliance issues and invoicing errors.

With 18 out of 32 London Boroughs using FISCAL’s AP Forensics® software, and saving well in excess of £1m each year, attendees were eager to take advantage of their experience in this sector, and their reputation for developing best-in-class AP teams.

The lively morning session was held in the beautiful surroundings of Southwark Cathedral and lasted for approximately 2 hours. It included a blend of open debate and practical advice, this event discussed a wide range of payment related topics from fraud, payment cards to implementing automated workflow. Attendees commented that they found the session both innovative and highly focused to their individual AP needs. With FISCAL’s dedication to developing solutions which empower AP by detecting and preventing errors and protecting the team; all were keen to put their names down to attend the next London session planned for later in the year.

David Griffiths, FISCAL’s Director of Customer Development said “The number of London Borough customers have grown considerably in the past 2 years due to government budget cuts and focus on driving through cost efficiencies. Our software protects half of the London Boroughs and we are working proactively with 7 others, so it seemed only right to share our experience with the rest of the Boroughs.”


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Notes for Editors:
About FISCAL Technologies
FISCAL Technologies provides world class accounts payable audit software for corporations and government organisations to cut costs, protect working capital, reduce risk and create best-in-class AP.

FISCAL’s AP Forensics® suite consists of four core modules to analyse accounts payable transactions, master supplier files and VAT entries. It has been designed specifically for Purchase to Pay and Accounts Payable staff to easily run on a constant monitoring, daily or weekly basis. It works alongside any accounting system and has been used to protect hundreds of millions of transactions across the globe.

For more information, please visit www.fiscaltec.co.uk or www.fiscaltec.com.

Media Contacts:
Esther Porter-Quinn Head of Communications
FISCAL Technologies
+44 (0)845 680 1905
smarterpr@fiscaltec.co.uk

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FISCAL Technologies Ltd was founded in 2002 and provides world-class accounts payable audit software that enables corporations and government agencies to find duplicate payments, invoicing errors, compliance issues and supplier fraud.