FISCAL Technologies offers a pure play cloud-based AI risk management solution that enables modern finance teams to boost efficiency as well as derive useful insights that drive the best decision-making on behalf of the company.
Unlike traditional auditing and automation, which serve different purposes, FISCAL's risk management technology identifies high-risk anomalies before payment occurs by using artificial intelligence (AI) and machine learning techniques to forensically analyse each and every Accounts Payable transaction as it is processed.
This continuous preventative strategy means that working capital is protected for better use, recovery costs are avoided and the audit exercise is simplified. A triple-whammy that contributes to lower costs by addressing the issue of erroneous payments earlier in the process.
Since 2003, FISCAL's solutions have processed over 1 billion transactions with a value of over £5 trillion / $7 trillion in spend and are now relied on by leading private and public sector organisations all over the world.
Our proven solution can turn your AP Function from reactive to proactive, enabling you to:
- Identify erroneous invoices prior to payment
- Identify payment duplication
- Measure payment practices
- Identify high-risk anomalies for fraud
- Measure trends in transaction workflow
- Identify process and compliance issues
- Identify unexpected vendor master list changes
- Identify PO process violations
- Measure time to pay practices
- Measure AP effectiveness
FISCAL Technologies is based in Reading and North Carolina, and is backed by leading investors including Octopus Investments and Calculus Capital.
Unlike traditional auditing and automation, which serve different purposes, FISCAL's risk management technology identifies high-risk anomalies before payment occurs by using artificial intelligence (AI) and machine learning techniques to forensically analyse each and every Accounts Payable transaction as it is processed.
This continuous preventative strategy means that working capital is protected for better use, recovery costs are avoided and the audit exercise is simplified. A triple-whammy that contributes to lower costs by addressing the issue of erroneous payments earlier in the process.
Since 2003, FISCAL's solutions have processed over 1 billion transactions with a value of over £5 trillion / $7 trillion in spend and are now relied on by leading private and public sector organisations all over the world.
Our proven solution can turn your AP Function from reactive to proactive, enabling you to:
- Identify erroneous invoices prior to payment
- Identify payment duplication
- Measure payment practices
- Identify high-risk anomalies for fraud
- Measure trends in transaction workflow
- Identify process and compliance issues
- Identify unexpected vendor master list changes
- Identify PO process violations
- Measure time to pay practices
- Measure AP effectiveness
FISCAL Technologies is based in Reading and North Carolina, and is backed by leading investors including Octopus Investments and Calculus Capital.
Location: United Kingdom, England, Reading
Employees: 51-200
Total raised: $4.86M
Founded date: 2003
Investors 1
| Date | Name | Website |
| 14.10.2021 | Octopus Ve... | octopusven... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 03.02.2021 | - | $174K | - |
| 19.12.2019 | - | $4.69M | - |
Mentions in press and media 4
| Date | Title | Description |
| 25.06.2025 | FISCAL Technologies Announce Update to Supplier Cleansing and Monitoring Module. | FISCAL Technologies Announce Update to Supplier Risk Monitoring Software FISCAL Technologies, the Accounts Payable risk management software provider, has announced a software update. READING, UNITED KINGDOM, June 25, 2025 /EINPresswire.com/... |
| 11.12.2024 | FISCAL Technologies and Proservartner Forge Strategic Partnership to Revolutionise Financial Risk Management | Proservartner and FISCAL Technologies Partnership Announcement Partnering with Proservartner enables us to provide finance teams with the tools they need to thrive, even when resources are stretched thin.” — David Griffiths, CEO, FISCAL Tec... |
| 23.02.2024 | Kefron and FISCAL Technologies Partner to Create a Best Practice Blueprint for Accounts Payable | FISCAL and Kefron have announced a stategic partnership. We're very pleased to announce our strategic partnership with Kefron, whose powerful invoice automation tool provides touch-free processing for AP teams. Kefron shares our commitment ... |
| 19.12.2019 | Longtime bootstrapped FISCAL Technologies raises £3.6 million with help of ScaleUp Group | FISCAL Technologies, a UK-based provider of forensic risk management solutions, has raised a £3.6 million Series A investment with the help of ScaleUp Group (SUG), a tech entrepreneurial advisory group. The round was led by Octopus Investme... |