Reading: FISCAL Technologies ends 2016 with its best performance
FISCAL Technologies, a Reading-based world-leading provider of accounts-payable forensic software, has posted a 55% rise in sales in its 2016 full-year results.
David Griffiths, the company’s CEO, said “Strong growth across all our geographies and business units drove record earnings this year, as we closed out the 2016 fiscal year with the best results in our 13-year history. Many more clients have benefited from FISCAL’s unique forensic software solutions, empowering purchase-to-pay teams and providing organisations with the tools to reduce risk and safeguard spend.”
In tandem with its rise in sales, FISCAL has protected 50 million transactions, equating to over £300 billion of organisational spend. Growth has come from both its EMEA market where sales were up 56%, and the North American market where sales rose 42%.
The almost immediate return on investment from FISCAL’s market-leading AP Forensics Enterprise Suite is among the many factors that have contributed to the company’s record-breaking 2016 results. This core suite is continuously updated and enhanced to provide the most comprehensive protection from errors, fraud and supplier risk. FISCAL expects 2017 to reflect the outcome of new beneficial partner relationships.
Lesley Reeve, the company’s COO, said: “We are continually updating and improving our software based on the needs and best practices of our customers, and each iteration provides a better service for all the users of our products. New clients, including a major US transit authority, one of the world’s largest retailers and a global defence contractor, benefited from continuous improvements to FISCAL’s flagship forensic products. We recognise the value of customer input, and have set up a strategic advisory board of FISCAL executives and senior finance managers from some of our major customers to engage, discuss and steer innovation and development.”