Tuesday 24th March, 2020
Civica a global leader in software for public services has announced a new partnership with FISCAL Technologies and the company’s NXG Forensics® cloud-based P2P Risk Management and fraud prevention software.
The new partnership strengthens Civica’s innovation technology offering and will help the company’s broad range of customers across local government to improve visibility and reduce risk across their finance function.
Using artificial intelligence (AI)powered and automation technology, FISCAL’s enterprise solutions analyse every single payment going through an organisation, performing financial forensic analysis to highlight supplier payment errors, prevent fraud and spot inconsistencies in P2P processing. Incorporating unique technology to identify risk in the supply chain, the software is used on a continuous, preventative basis to protect supplier spend, reduce the cost of financial operations, increase profitability and drive process improvement.
Connecting to any financial management system, NXG Forensics provides detailed analysis of payment transactions and supplier trends, in greater depth and consistency than ERP analysis alone. The solution uses industry-recognised logic, financial analytics and unique complex algorithms to identify a greater range of risks with exceptional depth, accuracy and clarity.