About Fiscal technologies
Fiscal Technologies: Empowering Businesses with Supplier Risk Intelligence
In today's fast-paced business world, it is essential to have a reliable and efficient supplier risk management system in place. This is where Fiscal Technologies comes in - a leading provider of Supplier Risk Intelligence software and service solutions that empower Accounts Payable and Procurement teams to continuously find and prevent more supplier-related risks.
With over 15 years of experience in the industry, Fiscal Technologies has established itself as a trusted partner for businesses across various sectors. Their innovative solutions are designed to help organizations mitigate risks associated with their suppliers, including fraud, compliance breaches, sanctions violations, and more.
Continuous Sanction Monitoring
One of the key features of Fiscal Technologies' Supplier Risk Intelligence software is continuous sanction monitoring. This solution enables businesses to monitor their suppliers for sanctions violations on an ongoing basis - covering both direct and indirect ownership. With every invoice processed by the organization's Accounts Payable team, the system automatically checks if any supplier or related entity has been added to any global sanctions lists.
This proactive approach helps businesses stay ahead of potential risks before they can cause significant damage. By continuously monitoring suppliers for sanctions violations, organizations can avoid costly fines and reputational damage while ensuring compliance with regulatory requirements.
Supplier Risk Intelligence® Explained
To better understand how Fiscal Technologies' Supplier Risk Intelligence works, check out this 90-second explainer video: https://www.youtube.com/watch?v=JLe9yiH0bL8
Supplier Risk Intelligence® is an end-to-end solution that covers all aspects of supplier risk management - from initial onboarding to ongoing monitoring. The platform uses advanced analytics tools to identify potential risks based on various parameters such as financial stability, creditworthiness, legal history, etc.
The system also provides real-time alerts whenever there are any changes in a supplier's status or profile that could impact its risk level. This allows businesses to take immediate action when necessary - whether it's suspending payments or terminating contracts altogether.
Why Choose Fiscal Technologies?
Fiscal Technologies' Supplier Risk Intelligence software offers several benefits over traditional approaches to supplier risk management:
1) Comprehensive Coverage: The platform covers all types of suppliers across multiple geographies - providing a holistic view of an organization's supply chain risks.
2) Proactive Monitoring: Continuous sanction monitoring ensures that businesses stay ahead of potential risks before they can cause significant damage.
3) Real-Time Alerts: The system provides real-time alerts whenever there are any changes in a supplier's status or profile that could impact its risk level - enabling quick action when necessary.
4) Advanced Analytics: The platform uses advanced analytics tools to identify potential risks based on various parameters such as financial stability, creditworthiness, legal history etc., providing actionable insights for decision-making purposes.
Conclusion
In conclusion,Fiscal technologies offer cutting-edge solutions designed specifically for modern-day challenges faced by organizations worldwide.Their innovative approach towards mitigating supply chain-related threats through continuous sanction monitoring empowers companies with comprehensive coverage while ensuring regulatory compliance.Furthermore,the use of advanced analytics tools provides actionable insights into decision-making processes,making them stand out from other providers.Choose fiscal technologies today,and enjoy peace-of-mind knowing your business is protected against supply chain-related threats!
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