Review your statements. Improve your process.
Financial leaders like you call upon best practices every chance that they can to ensure that their operations are as efficient and secure as possible. One of the most common, simple, and fruitful practices is a vendor statements audit. With so many third party firms offering this service, how do you know who to choose?
The answer is to find an auditor who takes their operations as seriously as you do. APEX Analytix calls on 24 years of experience, best practice savvy and cutting-edge technology to find credits that others miss and maximize recoveries. Not only do we find and recover your disbursements, but we use our technology to explicitly show you the areas in your process that you can improve to prevent these errors from reoccurring and maximize efficiency.
Whether resulting from merchandise returns or markdowns, canceled orders, rebates, unapplied cash discounts, freight allowances, forgotten deposits or credit memos mistakenly paid as invoices, the potential losses to you can be significant. The process of recovering these losses once they are identified is time consuming, challenging and can be costly. With APEX Analytix handling this task for you, we can use our experience and resources to be effective and offer you a tremendous ROI. Costs will not be a factor in the decision making process, as we will only take a small percentage of what we find and will not require significant investment.
APEX serves more than 250 client companies across all industries whose global spending exceeds $1.2 trillion annually. Through such engagements we’ve developed a directory of more than six million suppliers, throughout the world and have direct relationships with many of the world’s largest and those most common across industries. We can contact your vendors, even if your contact information is incorrect.
Our Statements and Recovery Teams's goal is 100 percent response rates, and no paybacks or reversed claims. To enhance the value of your relationship with your suppliers, we provide adequate documentation for recoveries, accommodate global schedules and use the right languages and media in our communication.
Throughout the statement audit process, we’ll work with you to define your opportunity, group your vendors to expedite recovery, then prepare and execute a multi-step program, that is mindful of your business relationships. All claims are identified and categorized before any action is taken, so APEX can get you the highest return in the shortest time. We’re careful to protect the integrity of your supplier data, while simultaneously enhancing it with the help of our extensive proprietary database that has been continuously updated since we started performing audits 24 years ago.
An APEX Analytix Statements Audit offers you the most valuable solution for boosting your bottom line and improving your A/P process.
Bottom Line: A Statements Audit that provides your assets now is valuable today, but one that provides process improvement guidance provides continuous value.