At the conference FISCAL had over 60 senior finance professionals attend the stand and request a free trial of Version 3. This version has significant new features that allow organisations to detect and prevent duplicate payments and improve their Accounts Payable controls. These include :

- Management Information Module
- 8 new instant reports
- Reason analysis
- New file storage features
- Enhanced credit note checking
- Improved import process

FISCAL technologies have spent the last 5 years working with local government to ensure it offers an Accounts Payable tool that adds immediate value, is easy to use and is at a cost-effective price point. Over 20 public sector organisations currently using Duplicate Payment Finder.

Lesley Reeve, CTO of FISCAL Technologies states “we have added an array of enhancements and new features. This includes our new reporting module with reason code trending. Accounts Payable Managers will be able to stay informed of why [duplicate paymentshttp://www.fiscaltechnologies.com/duplicate_payments/index.html] are occurring and able to highlight for example worst offending vendors. The benefits of these will go straight to the organisation’s bottom line as more duplicate payments are prevented”

“The response we have had at the conference has been very good and symptomatic of the increasing pressure that Finance professionals have on delivering more with less resources”, said David Griffiths, Director of Customer Development of FISCAL Technologies. “We’re giving Local Authorities the tools they need to recover costs, operate more efficiently and reduce their risk of errors and fraud.”

CIPFA
CIPFA is one of the leading professional accountancy bodies in the UK and the only one which specialises in the public sector. It is responsible for the education and training of professional accountants and for their regulation through the setting and monitoring of professional standards. CIPFA has responsibility for setting accounting standards for a significant part of the economy, namely local government.

About FISCAL Technologies
FISCAL Technologies Ltd, founded in 2002, provides world class duplicate payment software to corporations, government and financial institutions. They partner with their customers to move them from yearly recovery audit services to in-house prevention solutions. Organisations trust these solutions to meet their needs for cost reduction, fraud detection and optimisation of working capital.

Duplicate Payment Finder™ locates duplicate payments and incorporates some of the industry’s best algorithms and pattern matching technology. It has been used in Accounts Payable audits to scan hundreds of millions of payments across the globe.

www.fiscaltechnologies.com