Forensic financial solutions and services outfit Fiscal Technologies announced a new strategic partnership with accounting consultant Moore Stephens, a Top 10 accounting and advisory network, to strengthen risk reduction and fraud prevention in the P2P process.
This new partnership will enable organisations across the globe to take advantage of the combined products and services, designed to monitor and prevent unnecessary organisational spend, it is said.
Procurement fraud is a very real and constant threat and finance professionals face a constant challenge in managing supplier spend and identifying erroneous payments. Increasing complexity, outsourcing and new markets can all increase fraud exposure. By taking a proactive and continuous approach to identifying fraud, organisations can increase control and thereby protect against reputational damage, whatever that is.
Head of Strategic Alliances and Channel at FISCAL Technologies Colin Rigby said the announcement allows organisations to take their fraud control to the next level.
“This exciting new partnership will empower clients to increase control of their supplier spend, improve spend visibility and take a more proactive stance in protecting working capital by identifying and challenging erroneous payments before they happen. The combination of Moore Stephens’ network resources and capabilities and the power of FISCAL Technologies forensic software creates a compelling market offering. We look forward to working together to help organisations of all types improve risk and fraud prevention.”
“We’re thrilled to be working with FISCAL Technologies”, said Robert Noye-Allen, Partner at Moore Stephens. “Over the last few years there has been an increasing drive towards continually enhancing financial process efficiency, but fraud prevention must always be a constant concern. Our partnership with FISCAL enables us to provide our clients with an effective tool for protecting supplier spend and defending against fraud, on a continuous, preventative basis.”