Reading, UK – 8th February 2013: FISCAL Technologies, providers of world-class accounts payable forensics software, today announced the release of Version 6 of their AP Forensics® software suite, incorporating significant upgrades to the functionality as well as Fraud Tester, a game-changing new module developed to help AP departments fight fraud.
According to the 2011 Annual Fraud Indicator published by the National Fraud Authority, 41% of procurement professionals stated that fraud in the purchase-to-pay lifecycle “poses a significant risk” to their organisations, but less than 30% of respondents have ever undertaken a fraud risk measurement exercise. FISCAL’s new Fraud Tester module now allows them to do just that.
By conducting a battery of 12 internationally-recognised fraud tests on accounts payable transactions and master supplier file entries, Fraud Tester produces a summary report which scores and ranks unusual or potentially fraudulent activities. When combined with the results from other AP Forensics® modules, Accounts Payable now have access to a comprehensive, evidence-based rundown of potential high risk suppliers or transactions at their fingertips.
In addition to the launch of Fraud Tester, the new V6 incorporates major upgrades to the AP Forensics® enterprise suite and responds to specific requirements expressed by FISCAL customers in both public and private sectors.
Howard Durdle, Chief Technical Officer said, “This release represents a huge step forward in terms of functionality, performance and ease of use and adds further immediate value to our customers' bottom lines. Not only is Version 6 loaded with the improved workflow, reporting and user interface features requested by our customers, the tighter integration of all six modules - including Fraud Tester— gives users access to a set of powerful analytical tools we believe is unrivalled in the marketplace.”
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About FISCAL Technologies Overview
FISCAL Technologies provides world class accounts payable forensic 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 six core modules to analyse accounts payable transactions, master supplier files and tax 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 .
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