Press Releases

Leading Accounts Payable Audit Software Grows Corporate Customer Base
AP Forensics® Delivers Cost Reductions and Creates Best-in-class Accounts Payable Teams

Reading, UK – 29 April 2010: FISCAL Technologies, provider of world-class accounts payable audit software AP Forensics®, is seeing impressive growth in its corporate customer base, thanks to the ability of the AP Forensics® software to rapidly deliver immediate cost savings, often tens of thousands of pounds.

Companies that process thousands of invoices each financial year risk losing money to duplicate payments, fraudulent activity and other accounts payable errors. As a result, an ever increasing number of companies are now looking to AP Forensics to deliver cost reductions and help create a best-in-class accounts payable team. New corporate customers include DHL, Virgin Atlantic and De La Rue International.

In addition to delivering immediate cost savings by detecting duplicate payments, fraud and other errors in historic data, AP Forensics® also saves time by preventing errors from happening when the software is used prior to a payment run. Because this reduces the need to create time-consuming credit notes as well as spending considerable time and effort recovering money, the net time saved is significant. This is proving a compelling factor for many companies.

David Griffiths, Director of Customer Development, comments: “Corporates already make up 60% of our existing customer base. However, as we come out of the recession, many companies are proactively looking at ways to improve their accounting processes, deliver greater efficiencies and save both time and money. We’re therefore seeing an upsurge in the number of corporate customers interested in the benefits that AP Forensics® can deliver.”

- Ends -

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.

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 thousand

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