Agreement optimises risk mitigation, protects working capital and drives financial process efficiencies
ITESOFT UK, a market leading provider of accounts payable process automation solutions, today announced it has extended its commercial partnership with forensic financial solutions provider FISCAL Technologies, to transform risk management and process efficiencies in the finance function. With risk management and fraud prevention and detection something that organisations simply cannot afford to ignore, the two companies will pool their expertise to provide streamlined forensic accounting and digitalisation solutions, that maximise the efficiency of the accounts payable and finance process.
Many senior finance professionals across the globe face a real challenge in maintaining visibility and control over their financial operations. The modern P2P environment is complex and without high levels of visibility, organisations can become vulnerable to high risk exceptions, poor supplier management and fraud.
The FISCAL Technologies and ITESOFT partnership will enable customers across both organisations to automate financial processes, reduce risk and limit fraud. It will provide real-time insight and information and thus enable them to enhance controls, strengthen compliance and protect working capital.
Nick Dunnett, UK Managing Director of ITESOFT, added, “This new agreement reinforces our commitment to working with the best-in-class providers to deliver the very best in financial process automation. Our relationship with FISCAL Technologies enables us to provide complete protection from risk and fraud through the entire capture and payment process.”
Colin Rigby, Head of Strategic Alliances and Channel at FISCAL, said: ”We have been working with ITESOFT for over 3 years. This relationship enables us to continue to build on our previous commercial success and demonstrates the proven value in combining our market-leading forensic software with ITESOFT’s secure digitalisation and process automation solutions. This valuable partnership ensures we help protect working capital, promote financial best practice, and drive process improvements in European Enterprise and public-sector markets.”