FISCAL unveils new AI tools for purchase-to-pay risk management

FISCAL Technologies used its EMPOWER customer conference in London on Sept. 24-25 to debut new AI features for purchase-to-pay risk management software. The updates target supplier statement reconciliation, credit monitoring and AI connectivity as finance teams look to speed up controls and decision-making.

Why it matters: - FISCAL’s latest product updates aim to help finance teams automate more accounts payable work while keeping tighter control over supplier and payment risk. - The new tools are designed to reduce manual effort, surface risk context faster and support faster decisions in purchase-to-pay workflows.

What happened: - FISCAL Technologies showcased new AI innovations at EMPOWER 2026, its customer conference for purchase-to-pay risk management and finance best practices. - The conference took place in London on Sept. 24-25, 2026. - Attendance reached full capacity, making EMPOWER the company’s best-attended event to date. - The event theme was “Humans and AI, building value together.” - Sessions covered how purchase-to-pay teams can work more effectively with AI and how AI is changing learning and upskilling in finance. - Kat Moy, Education Director for the Accounts Payable Association, spoke about how AI is influencing professional development based on her own experience.

The details: - FISCAL introduced an update to automated supplier statement reconciliation. - The new workflow incorporates agentic supplier communications and lets accounts payable teams complete most of the process inside the software. - The system automates emails requesting statements. - The system also uses AI to draft follow-up emails when discrepancies appear. - The goal is to let AP teams focus on ledger updates and overpayment recovery. - FISCAL said its software can connect with Claude, ChatGPT, Gemini, Copilot and other AI tools. - That connectivity is intended to give finance teams real-time insight into risk controls and reports. - The company said finance teams can run workflows from their AI tools and use FISCAL only for deeper risk-control work. - A second update focused on credit monitoring and supplier risk visibility. - The new functionality gives users historic risk scores and reasons behind the current score. - The feature is meant to help users understand the financial risk tied to each supplier and spot supply-chain risk sooner.

Between the lines: - The product direction suggests FISCAL is pushing beyond traditional AP automation toward a more AI-connected control layer for finance teams. - The emphasis on supplier context and risk explanation reflects a broader shift in finance software toward decision support, not just transaction processing. - David Griffiths, FISCAL’s CEO, said the new developments came from customer feedback and that the company’s engineering team delivered innovative solutions. - Griffiths also said the company’s product direction received strong feedback and that FISCAL plans to keep working with customers and partners.

What's next: - FISCAL says customer conversations at EMPOWER will help shape future software development and consultancy. - The conference also included a product surgery, where the product team answered customer questions about the features shown earlier. - Attendees heard about the upcoming e-invoicing mandate set to arrive in 2029 during a session with FISCAL CFO Frances Lawrence and Purchase to Pay Network CEO Ellen Leith. - Griffiths closed the event by urging customers to discuss their challenges so FISCAL can plan future products and services. - More information is available at FISCAL Technologies or by email at smarter@fiscaltec.com.