Case Study: Specsavers achieves £1.5 million ROI and slashes overpayments with FISCAL Technologies

FISCAL’s software gives Specsavers instant £1.5 million ROI and slicker processes

Specsavers, a British multinational optical retail chain, faced a significant challenge in its accounts payable (AP) process, manually handling over 1.1 million invoices annually. This manual workload was time-consuming, risky, and prone to errors and fraud. To address this, they turned to vendor FISCAL Technologies for a solution to automate their processes and eliminate these risks.

FISCAL Technologies implemented its cloud-based Procure-to-Pay risk management software. This solution provided Specsavers with an immediate £1.5 million return on investment by recovering overpayments and enabled the prevention of £11 million in potential overpayments. The software automated manual checks, streamlined processes, and allowed for a team restructure that created clearer career development paths for AP staff.

Specsavers

Nish Makwana

Finance Manager