NEW PROGRAM!! FISCAL P2P Risk Management
Tuesday, December 3, 2019
Posted by: Anita Girelli
The Coalition is pleased to announce a new addition to our contract portfolio:
FISCAL Technologies’ NXG Forensics for Colleges
Coalition members can take advantage of a new financial program as FISCAL Technologies joins The Coalition as a solution provider for Accounts Payable teams.
Increase protection from fraud and risks while simultaneously reducing AP costs
FISCAL Technologies’ solution continuously analyzes supplier invoices and vendor master files, identifying improper payments and finding high-risk vendors.The AP team is alerted BEFORE payments are made, which protects working capital proactively, something the traditional audit and recovery approach is unable to do. NXG Forensics uses in-depth forensics and artificial intelligence (AI) techniques to deliver an incredibly detailed self-audit every day, providing protection from multiple types of risk, and freeing up time for your AP team to work on higher value-adding tasks.
Leverage FISCAL’s experience in higher education and local government
FISCAL has focused on AP-specific risk management for 15 years and has hundreds of customers, including higher education and local government. With 1 billion transactions processed, valued at over $7 trillion in spend, FISCAL is in a uniquely strong position to protect your spend. FISCAL recently conducted a webinar with Coalition member, the University of Richmond – How the University of Richmond Transformed Their Financial Operations. View the webinar here.
Get a FREE Forensic Risk Review
Identifying areas of risk in AP process can be a challenge on top of day-to-day activities. To help with this FISCAL offers, free of charge to Coalition members, a Forensic Risk Review ($7,500 value elsewhere). This proof of concept provides a detailed report of fraud, risk and compliance issues present in a school’s AP operations. If you are interested in recovering overpayments, protecting your working capital and making ongoing process improvements, ask FISCAL about a no-cost, no-obligation Forensic Risk Review today!
Two webinars have been scheduled to acquaint you with the details of this new program. We hope you will attend a 30-minute webinar on either:
Tuesday, December 10, at 2:00 pm Eastern
Wednesday, December 11, at 2:00 pm Eastern
(use the dropdown menu to choose your preferred date)
More details about the program are at Coalition FISCAL Technologies Program
This offering is made possible through your state association’s partnership with the Coalition for College Cost Savings, a collaborative purchasing organization that leverages the collective buying power of over 900 private colleges nationwide to reduce operating costs, improve the efficiency of internal procedures and ultimately lower the cost of delivering education.