Calculus Capital is pleased to share an exciting development from our portfolio company, FISCAL Technologies, a leading provider of accounts payable risk management software. FISCAL has launched a significant software update aimed at transforming how finance teams manage supplier data and mitigate risk, all the more vital ahead of new fraud legislation set to come into effect this September.
Managing supplier master files has long been a pain point for finance teams. Files are ever-expanding, prone to duplication, and difficult to keep clean, especially with constrained resources and increasing compliance pressures. The incoming Economic Crime and Corporate Transparency Act brings this challenge into sharper focus, introducing a new ‘Failure to Prevent Fraud’ offence and placing greater responsibility on organisations to implement robust fraud prevention controls.
Poorly managed supplier data can lead to compliance failures, payment errors, and reputational damage. In fact, it’s estimated that 90% of organisations suffer financial loss due to supplier file issues. FISCAL Technologies’ latest update directly addresses this risk by enabling finance teams to manage supplier records quickly, securely, and with confidence.
The updated software continuously monitors every supplier daily, conducting intelligent checks for dormant or duplicate suppliers, incorrect or missing data, and potential fraud flags such as employee-supplier relationships. It also screens suppliers against sanctions and adverse media databases, and tracks credit risk indicators such as declining credit scores.
The platform’s user-friendly dashboards give finance teams a clear, real-time view of risks and performance metrics. Instead of manual reviews and third-party list comparisons, teams can now take targeted action based on data-driven alerts, helping protect working capital, reduce fraud risk, ensure audit readiness, and strengthen supplier relationships.
Another key feature is the ability to track all changes within the supplier file, offering a full audit trail that supports regulatory compliance and internal governance reviews.
At Calculus, we back pioneering UK companies that are shaping the future of enterprise technology, and FISCAL Technologies is a standout example. With this update, FISCAL is not only helping finance teams respond to today’s challenges but empowering them to build more resilient, efficient operations for the long term.