15 years helping British businesses
choose better software

What is NXG Forensics?

The FISCAL Technologies software protects working capital by continuously preventing financial loss and eliminating supplier risk. The software forensically analyses every supplier and invoice, using pattern matching, statistical analysis and AI to identify fraud, risk and compliance issues to address before payment. It stops working capital leakage, strengthens controls, and drives performance improvement. It can also complete supplier statement reconciliations automatically.

Who Uses NXG Forensics?

CFOs, Accounts Payable, Procure to Pay, Financial Controllers and Finance Managers within large organisations.

Where can NXG Forensics be deployed?

Cloud-based
On-premise

About the vendor

  • FISCAL Technologies
  • Founded in 2002

NXG Forensics support

  • Phone Support

Countries available

Canada, United Kingdom, United States

Languages

English

NXG Forensics pricing

Starting Price:

US$10,000.00/year
  • Yes, has free trial
  • No free version

NXG Forensics does not have a free version but does offer a free trial. NXG Forensics paid version starts at US$10,000.00/year.

About the vendor

  • FISCAL Technologies
  • Founded in 2002

NXG Forensics support

  • Phone Support

Countries available

Canada, United Kingdom, United States

Languages

English

NXG Forensics videos and images

NXG Forensics Software - Extensive live reporting drives process improvements and provides oversight of key P2P KPIs to relevant finance stakeholders
NXG Forensics Software - Continuous AI-analysis of 100% of transactions identifies hidden risks and helps finance teams protect organisational spend more effectively
NXG Forensics Software - NXG Forensics empowers finance teams to identify and eliminate fraud, compliance and operational risks as soon as they enter the P2P process
View 4 more
NXG Forensics video
NXG Forensics Software - Extensive live reporting drives process improvements and provides oversight of key P2P KPIs to relevant finance stakeholders
NXG Forensics Software - Continuous AI-analysis of 100% of transactions identifies hidden risks and helps finance teams protect organisational spend more effectively
NXG Forensics Software - NXG Forensics empowers finance teams to identify and eliminate fraud, compliance and operational risks as soon as they enter the P2P process

Features of NXG Forensics

  • Audit Trail
  • Cash Management
  • Custom Fraud Rules
  • Duplicate Payment Alert
  • Expense Tracking
  • Reporting/Analytics
  • Risk Analysis

Alternatives to NXG Forensics

Automate processes across your entire credit management lifecycle for fast, accurate credit decisions and fewer manual tasks.
Tipalti provides granular controls over payables and payment operations. Increasing security of financial data, ensuring compliance, and improving oversight of key AP processes.
Business software that reviews proposed payments before payments go to the bank & helps protect organisations from fraud and errors.
Flag risky ACH transactions and prevent costly returns.
Flowie is the ultimate Procurement and Finance Operations platform for modern companies, centralizing P2P, O2C and Cash Flow management
The high-performance and low-cost LEADER in enterprise fraud detection for the financial services & digital commerce sectors. Learn more about Fraud.net
Analytics for governments powering Continuous Risk Assessment, Audit Reports, Fraud Detection, and Monitoring. No Analyst Required.
Discover our radically robust AML/CFT suite and proprietary PEP & Adverse media database, powered by AI and Deep Tech.
From payments to credit to fraud protection, PayPal Commerce Platform helps you meet your customers where they are.

Reviews of NXG Forensics

Average score

Overall
4.8
Ease of Use
4.7
Customer Service
5.0
Features
4.2
Value for Money
4.8

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001

Find reviews by score

5
85%
4
15%
Nandini
Finance Operations Manager in UK
Retail, 5,001–10,000 Employees
Used the Software for: 2+ years
Reviewer Source

Fiscal NXG adds value to our daily routine

5.0 10 months ago

Comments: 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

FISCAL Technologies Response

5 months ago

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 and it's finding plenty of duplicates for you. It's fantastic to hear that you have seen an excellent ROI already, and we look forward to hearing more about your successes with NXG. Best, FISCAL Technologies.

Sammy
Accounts Payable Assistant in UK
Construction, 1,001–5,000 Employees
Used the Software for: 6-12 months
Reviewer Source

NXG Forensics - Great Overall

5.0 3 months ago

Comments: We have been using NXG for many years and it’s a great asset to our organisation, we use it on a daily basis and it’s proven itself again and again. The Support Team are great! We have monthly catch ups to see how everything is going. They give great advice to help us. Take on any feedback we have

Pros:

The NXG platform is a perfect solution that helps us to prevent risks to supplier payments from duplicates through to fraud. We manage our Master Vendor File regularly to remove duplication and also to monitor changes. We also use the Statement Rec module which saves a lot of time from manually reconciling supplier statements. I would highly recommend the statement reconciliation. The Reporting tools provides us with KPI reports not only on the usage performance but also actionable insights to where errors occur so we can improve processes in our systems and operations.

Cons:

I have no dislikes of the system, but we would like the ability for more tool tips on the user interface.

FISCAL Technologies Response

3 months ago

Thank you Sammy for your wonderful review. We are so happy to hear that you are so pleased with the software, and it is enabling you to address duplicate invoices, fraud and statement reconciliation with ease. Our support team will be thrilled to hear your compliments! Best, FISCAL Technologies

Sam
Principal Accountant - Financial Systems in UK
Government Administration, 5,001–10,000 Employees
Used the Software for: 1+ year
Reviewer Source

Powerful software - pays for itself

4.0 4 months ago

Comments: NXG Forensics are a great all round team to work with, from trainers to account managers.

Pros:

The software picks up duplicate payments that internal controls within the ERP miss due to the use of a special character or a 0 instead of a O. The team at NXG are great to work with and they really do care about customer feedback, implementing change and improvements as a direct result of engaging with and listening to customers.

Cons:

There can be a lot of false positive flags for potential duplicate payments.

FISCAL Technologies Response

4 months ago

Thank you so much for your review, Sam. We really appreciate the time you've taken to complete it and are very pleased to hear that the software is discovering duplicate payments missed by your ERP, and that you've had such a great experience with our team. We're always looking for new ways to increase our risk precision, and right now, we're working on multiple projects designed to reduce false positives, and improve the efficiency of how our customers work with the software. Look out for news on our email newsletters and on the NXG platform! Best, FISCAL Technologies

Maggs
Accounts Payable Manager in UK
Government Administration, 10,000+ Employees
Used the Software for: 1+ year
Reviewer Source

Good Customer Support

5.0 4 months ago

Comments: Very positive, although I think we have no where near utilised many things that will help in the long term, but that, again, is for us to progress.

Pros:

Despite a relatively short period of our using the software, the team at NXG have already taken on board development requests and actioned them quickly. The support, communication & training is very good

Cons:

Unable to mass dismiss tickets. Not NXG's fault but relates to our system, we have unable to run files just before BACS extract so we have a risk window on items processed on the morning of exports.

FISCAL Technologies Response

3 months ago

Dear Maggs, Thank you very much for taking the time to review our software. We're very pleased to hear that you're happy with the support you've received from us so far. We hope you have much success with our software. We're always looking to make our software the best it can be, and right now, we're working to improve the efficiency of how our customers work with the software. Look out for news on our email newsletters and on the NXG platform, or speak to your customer support manager. Best, FISCAL Technologies

Konrad
Team Specialist in UK
Government Administration, 1,001–5,000 Employees
Used the Software for: 2+ years
Reviewer Source

Top Performing System

5.0 5 months ago

Comments: We have been using NXG for many years and its a great asset to our organisation, we use it on a daily basis and its proven itself again and again

Pros:

NXG or Fiscal as we call it, is the perfect way to prevent your company from paying duplicate payments, I as a user have been using Fiscal for probably 10 years as a Local Authority we have prevented many millions of pounds that is no exaggeration Fiscal as fully justified itself

Cons:

To be honest I have no dislikes of the system, we have recently updated to NXG and it is very easy to use

FISCAL Technologies Response

5 months ago

Thank you very much for your review Konrad. We're so glad that you are happy with our solution and our team, and that you've had such fantastic success with it. We deeply appreciate the time you've taken to leave us a review and of course the 10 years that you've been using the product! Best, FISCAL Technologies.