Press Releases

AP Forensics® showcases at London Borough P2P Group Meeting

Reading, UK – 26th February 2010: FISCAL Technologies, provider of world- class accounts payable audit software, was delighted to have David Griffiths, FISCAL’s Director of Customer Development, present to senior financial service managers at a London Borough Councils peer-to-peer group meeting at the end of February.

The event is an important networking opportunity for London Borough Council financial service managers where they regularly share ideas and best practice relating to efficiency improvements within their purchase ledger teams. The events are also an opportunity to share experiences with regard to the adoption of new technologies and FISCAL was delighted to showcase its industry-leading AP Forensics® suite of software.

AP Forensics detects and prevents Accounts Payable teams from making accidental duplicate payments, invoicing errors, compliance issues and supplier fraud, saving organisations sometimes hundreds of thousands of pounds a year.

David Griffiths said: “AP Forensics is already being proactively used by over 40 local authorities already , including the London Boroughs of Newham and Havering, so we know the pressure they are under on a day-to-day basis to continually deliver greater efficiency gains and to scrutinise every area for cost savings. Our goal is to provide easy-to-use solutions that help them do this and that really empower accounts payable teams. Our software provides them with fantastic ROI, which is key in this tough economic environment.”
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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.

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