Press Releases

Global AP Conference a Success for Leading Accounts Payable Audit Software Provider
FISCAL Technologies Receives Overwhelming Response at IAPP’s Annual Conference

Reading, UK – 21 May 2010: FISCAL Technologies, provider of world-class accounts payable audit software AP Forensics®, received a very positive response from delegates at the annual IAPP FUSION 2010 Conference, held in Grapevine, Texas, USA last week. The conference had an overwhelming visitor attendance with an optimistic atmosphere, a good sign for the US economy.

FISCAL, who sponsored the Conference, is a key strategic partner of the IAPP in both the US and UK. Working closely with customers, the IAPP and other industry bodies, the team at FISCAL are passionate about developing the accounts payable profession and helping create best-in-class AP processes.

At the conference, visitors to the FISCAL stand were able to discuss their needs to create best-in-class accounts payable processes. Delegates were also offered a free software trial of FISCAL’s world-class AP Forensics® suite. Worth £495, the AP Health Check trial highlights possible duplicate payments, supplier fraud and other errors in an organisation’s accounts payable files. Since cutting costs and increasing control remains a clear focus for many organisations, delegates  identified AP Forensics®, which brings accounts payable auditing in house,  as a key tool to help them achieve this.

Encouraged by the customer response and new business opportunities, FISCAL has already committed to exhibit at FUSION 2011, held 8-12 May in Orlando, Florida.

David Griffiths, FISCAL’s Director of Customer Development, said “With a record-breaking number of visitors, the conference was an ideal forum for FISCAL to talk to hundreds of financial managers. With improvements to accounting processes, delivering greater efficiencies and saving both time and money of paramount importance to AP managers worldwide following the global recession, we found that delegates were keen to learn how the AP Forensics® software could save their organisations time and many thousands of dollars, as well as supporting compliance, increasing purchase ledger control and improving process efficiencies.” 

He added “FISCAL is passionate about developing the Accounts Payable profession and helping create best-in-class AP processes. As a result, we sponsor many AP events and networking meetings, which this year includes the IAPP’s inaugural conference in the UK. This will be held in London on the 16 and 17 November 2010.”

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About FISCAL Technologies
FISCAL Technologies Ltd, founded in 2002, provides world-class accounts payable audit software for corporations and government agencies to detect duplicate payments, fraud, invoicing errors and compliance issues. Organisations trust these solutions to meet their needs for cost reduction and increased control and protection of their working capital.

FISCAL’s AP Forensics® suite consists of three core modules to analyse invoices,
supplier accounts and VAT line items. Using industry-leading algorithms and pattern-matching technology, these modules have been designed specifically for Accounts Payable staff to easily run on a weekly or constant monitoring basis. They can work alongside any accounting system and have been used to scan hundreds of millions of transactions across the globe.

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

About AP Forensics®
AP Forensics works by analysing accounts payable transactions, processes, people and suppliers to avoid accidental duplicate payments, invoicing errors, compliance issues and supplier fraud. Most accounting systems are designed to carry out only basic checks, leaving a need for additional specialist software like AP Forensics to prevent organisations losing sometimes hundreds of thousands of pounds a year.

About The IAPP
International Accounts Payable Professionals is a not-for-profit professional association committed to the advancement of individuals in accounts payable. IAPP provides certification, accounts payable training, best practices, webinars, a bi-monthly accounts payable magazine AP Matters, online tools and other leading-edge resources to support members in a rapidly changing business world.