FISCAL Technologies, a global provider of a forensic and artificial intelligence (AI) powered P2P Risk Management Platform, today announced a new partnership with Advanced, the UK’s third largest provider of business software and services. The partnership will enable Advanced’s Enterprise Resource Planning (ERP) and Financial Management solution customers to strengthen their Purchase-to-Pay (P2P) fraud and risk protection with FISCAL’s proven solution.
Advanced customers can now further protect their organisational spend from the increasing fraud, risk and compliance threats in their Accounts Payable and P2P processes. FISCAL’s NXG Forensics platform intelligently augments Advanced’s ERP solutions with continuous invoice and supplier analysis, identifying and blocking high risk payments to preserve working capital.
According to a recent ACFE report, 80% of organisations still rely on external audits, yet only 4% of fraud is detected by external audit....