100% accurate data capture improves risk prevention in the P2P cycle
CloudTrade, a leading provider of cloud-based intelligent data capture services, announces its partnership with FISCAL Technologies, a global provider of forensic financial risk management solutions. The partnership offers 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.
CloudTrade’s solution brings 100% data-accurate line-level capture into a customer’s purchase-to-pay protection workflows, providing fully auditable data that is validated before entry. 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.
“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”Stewart Jacobsen, Alliance Director, CloudTrade
As the market leader in document automation, CloudTrade makes 100% accurate data automation accessible for all senders and receivers of application-generated documents. Over 500+ customers globally around the world trust CloudTrade with $20bn worth of documents as their application generated document automation tool, alongside our 40+ partners.
About Fiscal Technologies
FISCAL Technologies is a world-leading provider of forensics and artificial intelligence powered solutions and services that empower purchase-to-pay teams across the globe to protect their organisational spend.
Incorporating unique technology to reduce risk in the supply chain, FISCAL Technologies’ award-winning cloud-based risk management platform is used on a continuous, preventative basis to protect supplier spend, defend against fraud, increase profitability and drive process improvement.FISCAL Technologies has safeguarded over 1 billion transactions with a spend value of over £5 trillion. For further information about FISCAL Technologies’ solutions visit www.fiscaltec.com.
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