FISCAL Technologies Reviews 2025: Details, Pricing, & Features

Verified User in Mechanical or Industrial Engineering

Mid-Market(51-1000 emp.)

Validated Reviewer

Review source: G2 invite

Incentivized Review

Oct 17, 2021

"Technological edge"

What do you like best about FISCAL Technologies?

AI, Risk management, Control, cost savings Review collected by and hosted on G2.com.

What do you dislike about FISCAL Technologies?

There is a potential data security threat which is the case for most tech resources Review collected by and hosted on G2.com.

What problems is FISCAL Technologies solving and how is that benefiting you?

Risk Mitigation, Vendors Management, forensics using AI Review collected by and hosted on G2.com.

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FISCAL Technologies Overview

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What is FISCAL Technologies?

FISCAL Technologies is the leading provider of supplier risk intelligence solutions that empower progressive finance teams across the globe to protect organisational spend. Our award-winning software, NXG Forensics®, and services use forensics and AI to provide a unique view of supplier risk. We continuously protect working capital and increase profitability, while defending against reputational and financial risks and maintaining regulatory compliance. Since 2003, FISCAL has processed over 1 billion transactions with a value of over £5 trillion in spend and is relied on by leading private and public sector organisations. Contact us to learn more: smarter@fiscaltec.com

FISCAL Technologies Details

Discussions

FISCAL Technologies Community

Languages Supported

English

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Product Description

FISCAL Technologies works with companies to prevent working capital leakage and to identify cashflow that can be returned to the bottom line. NXG Forensics® is a proven AI-powered solution that transforms how companies manage their spend risk prior to payment - regardless of where it resides. Integrating with any ERP system, NXG Forensics conducts a daily forensic audit on your P2P system to identify the root cause of payment errors and potential fraud that would otherwise slip through standard methods of financial control - such as three-way matching and no PO no pay. Once implemented, NXG Forensics delivers better spend decisions, error prevention, improved policies, elimination of cash leakage, and maximises audit efficiency company-wide.

Seller Details

Seller

FISCAL Technologies

Year Founded

2003

HQ Location

Berkshire, England

Twitter

@FISCALTec
1,328 Twitter followers

LinkedIn® Page

www.linkedin.com
74 employees on LinkedIn®

Overview Provided by:

Stewart Hayward

Recent FISCAL Technologies Reviews

10/17/2021

Verified UserMid-Market (51-1000 emp.)

5.0 out of 5

"Technological edge"

AI, Risk management, Control, cost savings

10/4/2021

Verified UserMid-Market (51-1000 emp.)

4.5 out of 5

"10"

Take the initiative to find the best solutions in the field of technology

3/22/2021

⭐A

⭐️Caroline A.Enterprise (> 1000 emp.)

5.0 out of 5

"Great product, great support and a product that compliments the controls"

By running the duplicate/error checking on transactions prior to any payment run, we are confident that no rogue transactions will get paid, and mo...

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FISCAL Technologies Media

FISCAL Technologies Demo - P2P Transactional Risk - Identify areas of risk and fraud within supplier spend and transactions

✔ Identify high risk transactions such as duplicate payments, fraud, missing credits, and compliance issues. ✔ Increase AP and P2P control by generating actionable insights. ✔ Drive performance improvements through root cause analysis. ✔ Offer extensive pre-built reports and dashboards...

FISCAL Technologies Demo - Supplier Risk Profiling - Discover supplier risk through continuous profiling

✔ Reduce duplicate payments by detecting incorrect or fraudulent suppliers. ✔ Support compliance ensuring only the correct data is used. ✔ Increase efficiency by safeguarding master data integrity. ✔ Identify supplier risk by helping spot data entry anomalies. ✔ Reduce fraud by c...

FISCAL Technologies Demo - Anti-Fraud Controls - Automated testing to identify fraudulent transactions and suppliers

✔ Create significant time efficiencies by running audit tests in the background. ✔ Early warning system flags up potential fraud. ✔ Increase internal controls and support regulatory compliance. ✔ Highlight high risk suppliers using a unique scoring system. ✔ Reduce future risks t...

FISCAL Technologies Demo - Reporting & Dashboards - Unlocking actionable insights to drive process improvement

✔ Increase productivity by providing immediate actionable insights. ✔ Real-time view of transactional spend through personalised dashboards. ✔ Accelerate business process improvement by identifying areas of concern. ✔ Drive adoption of best practices. ✔ Boost return on investment.

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⭐️Caroline A.

Independent Contractor

Enterprise(> 1000 emp.)

Review source: Organic

Mar 22, 2021

By running the duplicate/error checking on transactions prior to any payment run, we are confident that no rogue transactions will get paid, and more importantly the cash stays in our Bank Account. #Prevention vs #Recovery Review collected by and hosted on G2.com.

I am struggling to think of anything I dislike about Fiscal Technologies Review collected by and hosted on G2.com.

Recommendations to others considering FISCAL Technologies:

Take the FD or CFO through the challenges of processing invoices and the expected error rate in cash terms. Every data entry process is susceptible to errors which translates into cash exiting the business unnecessarily. Amend your processes to run the validation prior to any payment run and prevent rather than recover errors. Fiscals functionality is great and the Customer Care and support throughout your journey. Cloud product which doesn't interfere with BAU, it compliments it Review collected by and hosted on G2.com.

Identifying processing errors. Investigating spike transactions. Ensuring that all transactions are validated prior to paying. Investment was paid back within 1 1/2 hours of going live with the product Review collected by and hosted on G2.com.