CPD Webinar:
You are invited to our next CPD webinar:
Protecting your spend.
P2P Workflow: Why 3-way matching falls short and what to do instead.
This CPD accredited webinar explores the full spectrum of spend risk in purchase to pay, from invoice fraud and duplicate payments to supplier data gaps, and why traditional controls alone can’t cover it all.
Most finance teams believe their controls are solid, and yet on average 1% of spend is a duplicate payment, not to mention the smaller instances of cash leakage. UK business leaders say that fraud cost their companies around 7.4% of their annual revenue (TransUnion*).*
In this webinar, Frances Lawrence, CFO at FISCAL Technologies, takes a broader view of spend protection across the purchase to pay process. Drawing on 20 years of finance leadership experience across the UK and US, Frances examines where the risks lie and what finance teams can do practically to address them.
What you’ll learn.
How cash leaks through the gaps of standard controls.
The transaction risks that 3-way matching can’t uncover.
The supplier data risks that expose organisations to financial loss and compliance failure.
How to strengthen controls before and after payment, and what a complete approach to spend protection looks like.
How AI-native P2P risk management software augments your team’s capabilities.
Not available to watch on the day?
All registrants will receive a recording to watch at their own convenience.
We look forward to you joining us.
Since 2007, FISCAL has been a trusted partner for public and private organisations across the globe.
Over the years, we’ve focused on delivering proven value through our AI-based platform and value consultancy, facilitating P2P teams to reach peak risk control efficiency and ledger accuracy.
Our experts have overseen 450+ implementations across public and private sectors, including for complex multinational organisations. We now protect £300 billion each year.
We continue to evolve our technology and expertise, refining our platform so organisations have the insight, control and confidence they need to protect their spend.
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Maintain control of transaction risks to protect spend and improve cash flow.
Our software uses AI to analyse and identify risks across every transaction including duplicate invoices, data discrepancies, suspicious activity and incorrect POs. Use these insights to resolve exceptions faster and pay suppliers correctly before the payment run.
Automate supplier statement reconciliation and match more statements, more often.
Our software uses AI to automatically read supplier statements and compare ERP data to find exceptions, saving time and increasing productivity. Shift team focus to recovering overpayments and missing credits.
Whether you're looking for additional support on day-to-day tasks or want a deeper analysis of your processes as part of an improvement programme, our expert consultants deliver supporting services including managed supplier statement reconciliation, managed AP recovery audit, forensic risk analysis, and supplier file performance review.
Working together to meet your objectives, we help you develop your best practices for financial transformation and a safer, smoother and more efficient AP/P2P function.
"At first I was a little unsure about FISCAL’s claim that we would discover duplicates in a very short space of time. But I have to say, on the very first run we found duplicates and errors that would never have been highlighted by our current system of checks."
"We are extremely pleased with the value we get from the software. And there is no way I would take the risk of making duplicate payments now that we have FISCAL’s software in place. Why should I?"
"Across the areas of duplicate payment prevention, time savings and process improvements we have seen an excellent return on investment and are confident that FISCAL will continue protecting Allscripts’ working capital into the future."