NXG Forensics

RATING:

5.0

(4)

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Overview

Reviews

About NXG Forensics

NXG Forensics is a cloud-based platform designed to help organizations prevent fraud, errors, and financial risks in their accounts payable processes. With advanced algorithms and machine learning, the software can analyze financial data and detect potential issues such as duplicate payments, overpayments, and unexpected changes to supplier data. NXG Forensics helps organizations streamline their accounts payable processes, improving efficiency and reducing the risk of human error. With automated tasks such as statement matching and enhanced checks available covering credit scoring, sanctions, and reputational issues, it allows users to save time and resources. NXG Forensics provides a comprehensive solution for preventing fraud, errors, and financial risks while als...

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NXG Forensics Reviews

Overall Rating

5.0

Ratings Breakdown

(4)

(0)

Secondary Ratings

Ease-of-use

Customer Support

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for NXG Forensics

4 Reviews

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Nandini

Retail, 5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed August 2023

Fiscal NXG adds value to our daily routine

We have possibly recovered the initial spend on the product by stopping the payments - we would have probably stopped it anyway but this was done at the onset

PROS

It was a tool that came in handy as i was looking for items to help with internal audit findings - We were rated very good and i was looking to improve ratings.Using this has captured duplicate supplier set ups ( with good reason) and highlights for us to check if correct . Duplicate payments and duplicate invoices if keyed incorrectly. Saving alot of manual work .We are also trialling the statement rec feature to see how much time it would save the team from carrying this out manually.

CONS

Getting it installed with upgrades or new version and having IT involved the process is complicated and delays on boarding

Reason for choosing NXG Forensics

I had a member of staff who had used this product in her previous employment

Vendor Response

Thank you! The FISCAL team appreciate the time you've taken to leave us a review and we are pleased you are having a positive experience with our solution. Best, FISCAL Technologies.

Replied August 2023

Kay

Government Administration, 10,000+ employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed July 2023

User Friendly and Value for Money

Very positive, helpful supportive staff through implementation. The product works as expected and is showing value for money.

PROS

The daily transactions review has already in it's first month prevented payments being released in error. It is very user friendly

CONS

Not being able to bulk dismiss is a bit time consuming

Reason for choosing NXG Forensics

We have used Fiscal for an audit review and were impressed with the service provided.

Vendor Response

Thank you! We are so pleased you are having a positive experience. All entities operating within our industry face a common challenge of managing numerous variations to effectively identify payment risks and bring them to the attention of the finance team. To address this issue, FISCAL Technologies have adopted a strategy of employing advanced forensics, algorithms and machine learning techniques on a continuous basis, enabling the software to assimilate all variables and thereby eventually reducing the need for a high number of individual dismissals while ensuring no risks are overlooked. We have taken on board our clients' feedback. Consequently, we are leveraging cutting-edge technology and developing an updated solution that will obviate the need for mass dismissals as we believe that this is only needed because AI/ML is insufficient to not show unwanted items (false positives). It is a priority and now we know the root cause a release date is imminent. Best, FISCAL Tech

Replied August 2023

Camilla

Airlines/Aviation, 201-500 employees

Used weekly for less than 6 months

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed July 2023

A good system to use for Accounts payable

PROS

I like how quick it is to import data and analyse each upload to find transactions that need further investigation

CONS

Due to the volume of features avaliable it can be a little hard to navigate, but the support team are great!

Vendor Response

Thank you! The FISCAL team appreciate the time you've taken to leave us a review and we are pleased you are having a positive experience with our solution. Best, FISCAL Technologies

Replied August 2023

Charlie

Airlines/Aviation, 201-500 employees

Used weekly for more than 2 years

Review Source: Capterra

OVERALL RATING:

EASE OF USE

VALUE FOR MONEY

CUSTOMER SUPPORT

FUNCTIONALITY

Reviewed July 2023

Happy with the system.

Great, any issues we have had, support have been brilliant at running through these & making us understand the system

PROS

Ease of use, the layout of the system is much more user friendly compared to previous system

CONS

Inability to easily see all Risks like before. Own piece of mind knowing the system is checking everything.

Reasons for switching to NXG Forensics

Migration with FT

Vendor Response

Thank you! The FISCAL team appreciate the time you've taken to leave us a review and we are pleased you are having a positive experience with our solution. Best, FISCAL Technologies

Replied August 2023