FISCAL Technologies
18 Case Studies
A FISCAL Technologies Case Study
Islington Council, a local authority in North London, faced significant challenges in preventing overpayments and supplier fraud within its large accounts payable operation. Pressured to pay suppliers quickly with fewer resources, their existing systems were insufficient. The council sought a solution to identify past duplicate payments and prevent future errors. They turned to the vendor FISCAL Technologies and implemented its forensic AP audit software.
The solution from FISCAL Technologies provided sophisticated daily checking of invoices using unique search algorithms. This allowed Islington to proactively catch duplicate payments and fraud, recover past overpayments, and develop best-in-class processes. The results included significant time and cost savings, with the software generating savings that covered its own cost many times over.
Rezan Watts
Payment Services Manager