Analysis and Process Improvement
Highlights:
Our Audit Solutions Deliver
Value Far Beyond Dollars Recovered
Most recovery firms rely on their clients making the same mistakes year after year and their reporting is limited to slicing the overpayments in several different ways.
It is our commitment to serve as a proactive partner by openly sharing our approach, expertise, and tools to enhance our clients’ financial and procurement functions. This commitment is borne out in the fact that APEX Analytix has provided technology solutions so our customers can proactively stop overpayments and analyze their global spend.
APEX Analytix focuses on four key areas where we have made our clients more competitive in the marketplace.
- The first is maximizing recoveries, and therefore profits.
- The second is by sharing best practices and benchmarking with our clients. For many of our clients, adopting best practices has resulted in a streamlined financial function that can react more quickly to changes in the marketplace and at a lower cost than the competition.
- The third is offering our spend analysis. Each of our clients spend $1 to $200 billion annually through as many as 400,000 vendors. Our innovative approach to supplier management has initiated substantial savings, which provides tens of millions of dollars, by isolating redundant vendors and areas of purchasing leverage and provides a solid foundation for contract compliance.
- The fourth is by offering to our clients a packaged version of the audit tools we use in conducting our audits. The capabilities of our software are broad-based, supporting accounts payable, auditing, corporate tax and procurement. FirstStrike™ is playing a key role with 30 Fortune 1000 companies in areas of proactive overpayment prevention, continuous monitoring for vendor fraud, ad hoc reporting, supplier inquiry, and global sourcing.
Internal Controls for Sarbanes Oxley Compliance
APEX Analytix is very aware of the constraints Sarbanes-Oxley has created for publicly traded companies. It is more important than ever to have the ability to monitor, validate, and assess financial data and internal controls, rapidly and correctly. APEX Analytix' risk analysis, vendor verification and accounts payable financial systems walk-through process assists publicly traded companies in their Sarbanes-Oxley reporting effort.