FISCAL Technologies, Inc.

FISCAL Technologies, Inc. delivers specialized accounts payable recovery audit software aimed at reducing financial risks and improving operational efficiency for organizations across various sectors. Founded in 2003 and headquartered in Morrisville, US, FISCAL Technologies, Inc. provides software solutions for financial transaction audits.

The company has participated in 2 deals, with its most recent deal occurring on December 17, 2019, during which it raised GBP 3. 6 million in a GROWTH round. This funding was co-led by Calculus Capital and Octopus Investments. David Griffiths serves as the CEO.

FISCAL Technologies specializes in advanced accounts payable (AP) recovery audit software that mitigates financial risks and enhances operational efficiency. Their offerings include fraud detection tools, automated statement reconciliation, and supplier risk management services. These solutions enable clients to perform forensic assessments of transactions, identify duplicate invoices, and manage risks effectively. The company serves over 100 clients in various sectors, including local government, healthcare, and corporate business services across the UK, North America, and other international markets.

FISCAL Technologies generates revenue through a subscription-based model for its software solutions, allowing continuous monitoring and analysis of client transactional data. The company engages in B2B relationships, providing access to its services, including the NXG Forensics and AP Forensics tools, under ongoing contracts that support long-term client relationships and foster stable revenue streams. Looking ahead, FISCAL Technologies aims to further develop and launch new products designed to enhance their software capabilities. The recent GBP 3.

6 million raised in December 2019 will support these initiatives as they target expansion into additional markets in North America and Europe by late 2023. This growth strategy will focus on increasing their client base and enhancing service delivery within these regions.