Duplicate Payments Cost Millions – Stop Them Now Before Its Too Late

READING, UK. – 1st October, 2007 – FISCAL Technologies, providers of world class duplicate payment detection software and services, today announced that it has released version 2.0 of its specialist recovery audit software Duplicate Payment FinderTM.

Duplicate Payments FinderTM is an innovative software application which identifies potential duplicate payments in accounts payable data from suppliers. Using improved, proven proprietary search algorithms and sophisticated pattern matching techniques (patent pending), the programme generates a detailed report of duplicate payments. With version 2.0 it now incorporates a number of new features as well as a redesigned, more intuitive, user menu. With a refined database storage facility it allows customers to process over a 1,000,000 payment transactions per year if required.

FISCAL’s Director of Solution Development, Lesley Reeve, says “we have built in the new features based on the last 12 months of customer feedback. The user interface had the biggest overhaul, as we needed the flexibility to add new functionality without compromising its speed and simplicity. Many of our actual end-users are Accounts Payable & Audit administrators so ease of use is paramount.” Reeve also adds “in line with our new marketing programme, we have ramped up our development programme over the last 6 months and are now working on a number of exciting new projects that will benefit our customers significantly in 2008.”

David Griffiths, Director of Customer Development states “We are really pleased with version 2.0 and currently rolling it out to our customer base in the Europe and US. Those with maintenance will get a free of charge upgrade”. He also comments “So far initial customer response have been promising and we are working on a number of customer case-studies”

FISCAL Technologies is the only organisation in Europe to focus solely on duplicate payment detection software. Duplicate Payments FinderTM has been used by large organisations successfully for the last 5 years to analyse & check 100 hundred’s of millions of supplier payments for dupes
http://www.fiscaltechnologies.com

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