Case Study: MNP Corporation prevents £174,000 in losses with FISCAL Technologies

MNP Corporation prevents £174,000 in losses thanks to FISCAL’s solutions

MNP Corporation, a large Midwest US fastener manufacturer with a centralized accounts payable function processing 6-7,000 invoices per month, faced a challenge. Their high volume of invoices was being checked by just one person prior to payment, which created a significant risk of error and required a more reliable and speedy solution. They turned to FISCAL Technologies and implemented their forensic AP software.

The solution from FISCAL Technologies, which later included their cloud-based NXG Forensics platform, streamlined the payment review process. This allowed their AP coordinator to check all high-risk invoices in just 15 minutes each morning. The most measurable impact was preventing $174,000 in erroneous payments in a single financial year. Furthermore, FISCAL’s cloud-based solution and support team provided crucial stability and easy remote access during the COVID-19 pandemic and ensured a smooth transition when MNP adopted a new ERP system.

MNP Corporation