Recover Overpayments Due to Inconsistencies With Contract Terms
Negotiating fair terms with suppliers can be a long, demanding process. But when it comes to safeguarding your company’s money, it’s only step one.
All too often, once negotiations are completed and goods begin to flow, there is limited visibility to ensure that the terms negotiated are the terms executed. It’s not because no one cares. It’s because no one can get the information to make a useful analysis possible.
At APEX Analytix®, we are aware of the potential problems caused by noncompliance to negotiated terms. We want to offer you a solution. Using our proprietary FirstStrike® audit tools & software, we’ve been able to uncover anywhere from 3-8% in overpayments and duplicate payments for our clients. For a company with $2 billion in revenue and a 2.5% profit margin, that’s the equivalent of doubling sales.
How much of your money is simply disappearing from mistakes, duplicate payments, oversights or unclear terms?
An in-depth review of contract compliance combines automated techniques with focused strategic buyer discussions. We concentrate on identifying the causes behind overpayments and duplicate payments, and developing customized prevention techniques for minimizing future exposure. We can also provide a full spend analysis, providing you an even broader picture of your procurement situation.
Our compliance objective – and company philosophy – is to openly share our methodology, approach and techniques to deliver immediate, measurable financial results. As our hundreds of engagements with Fortune 1000 clients demonstrates, it’s a solution that will work for you. Contact us for more information.