|
| Company Name: |
FISCAL Technologies |
| Address: |
620
Herndon Parkway
Herndon, Virginia
20170
|
| Contact Name/Title: |
David
Griffiths, Director
of Customer Development |
| Email: |
smarteraudit@fiscaltechnologies.com |
| Phone: |
US
+1 703 483 6464
UK +44
1344 753383
|
| Company History: |
FISCAL
Technologies founded
in 2002, provides world class duplicate payment detection software and services
to corporations, financial institutions and banks. Organisations trust these
solutions to meet their needs for cost reduction, fraud detection and optimisation
of working capital.
We
have over 17 years of experience in recovery audit and 5 years in live installations
of software for duplicate and overpayment detection. We are passionate about
partnering with our customers to move them from accounts payable recovery audit
services to technology solutions that improve their controls and operations and
increase the volume and speed of payment recovery.
|
| Company Profile: |
Duplicate
Payment FinderTM locates
duplicate payments and incorporates some of the industry’s best algorithms & pattern
matching technology. It has been used to scan hundreds of millions of payments
across the globe. It is designed to be run by Accounts Payable staff and can
be ready to use in an hour after installation. Due to its ease of use we always
recommend using it before a payment run, thereby avoiding recovery costs. |
| Testimonials / Key Clients / Top
Past Findings: |
A
$2 billion US financial services company.
"Our Senior A/P Analysts have been trying to develop and produce various audit reports from our
A/P system, which would allow us to key in on items that might be erroneous and require additional
audit. Because of the complexity of our system, the progress has been slow and difficult. The FISCAL
Technologies system has delivered a variety of these types of reports for us, which has allowed us
to shift our focus to the audit and recovery phase, and take us out of the query development process.
On our first pass of reviewing the queries from the FISCAL Technologies System we
discovered a duplicate payment of $129,088.76, which was a commission payment that
had been submitted twice. Our Payables system did not flag this because there was
not a unique invoice number, and the requests were submitted on, and with, different
dates. Because this was caught so quickly, we were able to recover these funds within
two weeks.
It was VERY easy to get our data loaded into your program. It did not require any
IT resources which is a good thing, and did not even require much technical knowledge.
Very simple and efficient! I think this will be a very useful tool.
I am very excited about utilizing this system as part of our control procedures,
and feel confident that it will allow us to identify potential erroneous payments
and recover funds in a timely manner.
To date we have found and recovered $195,669.62 using the FISCAL Technologies
Duplicate Payment Finder.
|
| List of White Papers / Slide Presentations
/ Articles / Additional Information: |
Solution tour please link
here http://www.fiscaltechnologies.com/solution_tour.html
|
| |
Visit this Provider's Website, HERE. |
