Translink, Northern Ireland’s integrated bus and rail public transport company, has selected FISCALs Duplicate Payment Finder v2.00 to strengthen existing internal system controls by completely automating the detection of duplicate payments.
“Our existing Accounting systems and processes catch most overpayments, however by integrating Duplicate Payment Finder into our business we have enhanced controls further by harnessing a technological driven control which was previously executed manually. We now use Duplicate Payment Finder before we make a payment run which reduces the people cost associated with the manual approach and it now plays an important role in maintaining an effective control environment. There is no question that the software represents excellent value for money,” says John Keys, treasury manager, Translink.
Duplicate Payment Finder is designed to be easily used by anyone in Accounts Payable & Treasury and can find duplicates within an hour of installation. Using specialist search algorithms and sophisticated pattern matching techniques that have been proven over the last 5 years, the software application generates detailed reports of overpayments. More importantly it helps identify ways that can improve internal controls to avoid future duplicate payments.
“We are very pleased to have Translink as a customer, as they already had good well established Accounts Payable controls, which goes to prove our unique solutions offer significant additional benefits, that provide an excellent return on investment for any Finance Manager,” adds David Griffiths, director of Customer Development, FISCAL.