As with every step forward and with the crossing of each new frontier, the constant expansion of business â and the constant development of accounting technology and multiplication of business models and strategies â presents firms with new challenges and new dangers. Your Accounts Payable department is now a hugely more complex beast than its predecessors of even a decade ago were: and it is laden with burdensome and serious new responsibilities. Whatâs more, any increase in the size of your AP department, let alone in its complexity, necessarily opens the door to an increased threat of errors: and they can add up. The new complexity and diversity of the ways in which AP Â departments receive payments has created mind-boggling new tasks â and this means new dangers of things falling between the cracks. In a more complex, higher-stakes department, old dangers like fraud, duplicate payments and overpayment still loom large, but in new ways.
Rubbing out routine errors like duplicate payments, faulty procedures or just failures to get the most out of the programmes that you use requires proactive self-auditing. In order to really get to grips with the challenges of a modern and expanding organisation, you need an excellent Accounts Payable audit system. Thatâs where Fiscal TechnologiesâAP Forensics software package comes in. AP Forensics is an easy-to-use system which can give you an oversight of your whole AP operation from A to Z.Â
The technology choices that businesses make are now crucial to the success of your accounts payable audit operation. The recovery audit software that you use has to be absolutely top of the range â or else it is simply useless. Fiscal Technologiesâ accounts payable audit software package AP Forensics falls firmly into the former category. One of AP Forensicâs greatest virtues is its simplicity. The system is designed to be as straightforward and intuitive for AP professionals as possible, so that information gleaned from your AP Forensics audit can be quickly converted into effective corrective action.Â
Accounts Payable Audit software isnât the only important weapon in Fiscal Technologiesâ armoury. Recovery audit software, designed to assist with recovery of money lost through overpayments or other errors which are detected after the transaction has been completed, is a vital tool: AP Forensics has the software solutions that are needed for effective recovery audits, as well as audits of your AP departmentâs procedures.
Fiscal Technologiesâ decade of experience in the AP field points to the fact that if your staff are not adequately motivated; or if they are not suitably prepared for the fast pace of technological and organisational change, then even the most well-meaning management strategies for improving AP will leave your team feeling shell-shocked rather than empowered. AP Forensics is the software package that you need that can deliver the clear information and hard facts that AP teams require to navigate their way confidently through the changing AP environment.
Please visit http://www.fiscaltechnologies.com/ for further information about this topic.