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CloudTrade and Fiscal Technologies announce new partnership

Friday 29th November, 2019

CloudTrade has announced a partnership with FISCAL Technologies offering CloudTrade’s customers the ability to further strengthen their Purchase-to-Pay (P2P) risk protection with proven solutions and services from FISCAL Technologies.

With traditional controls like external audits only picking up 4% of fraud by external auditors, according to a recent report by ACFE, CloudTrade’s customers can now utilise their captured data and further enhance their transaction processing with FISCAL Technologies solutions.

By combining CloudTrade’s data capture solution and FISCAL’s Technologies’ NXG Forensics® cloud-based risk management platform, businesses can enhance their payment compliance processes, secure against invoice fraud, safeguard their working capital and, at the same time, reduce the risk and cost of missed payment recovery programmes.

Stewart Jacobsen, Alliance Director, CloudTrade said, “This strategic partnership with Fiscal Technologies brings together complementary solutions in fighting e-invoice fraud, allowing customers to utilise extraordinarily accurate data, extracted, validated and processed, without human intervention”

“Our combined propositions enable complex organisations to realise tangible benefits from their investment in Digital Transformation for financial operations, bridging the gap between P2P processes and technology with greater oversight of payments and the ability to identify high risk transactions”, said Colin Rigby, Head of Strategic Alliances and Channel at FISCAL Technologies.