Pricing errors are a costly issue that can silently erode your company’s profits. However, the issue often fails to get the attention it deserves and noncompliance can represent a significant drain on your bottom line.

A common root cause is negotiated price reductions that simply fail to be applied. But there are other sources of costly errors as well, including the wrong units of measure, currency issues, unapplied discounts and more. apexanalytix experts offer pricing compliance reviews to help you ensure you are paying what you negotiated. Use the form to request a copy of our brochure.

Noncompliance can represent a significant drain on your bottom line. History has shown us that large global manufacturers can have tens of millions of dollars in pricing discrepancies annually. A common root cause is negotiated price reductions that simply fail to be applied. But there are other sources of costly errors as well, including the
wrong units of measure, currency issues, unapplied. discounts and more.

Common Root Causes of Costly Errors
• Improper currency
• Directed buy
• Improper application of discount
• Outlier/price fluctuation
• Part replacement/carryover
• PO/payment terms
• Prototype
• Temporary pricing (i.e., amortization)
• Unit of measure
• Commodity escalation (i.e., indexes or weights)
• Expendable/returnable packaging
• Finished/less finished
• Left side/right side
• Missed productivity
• Multiple prices for same part
• Price multiple/decimal point
• Spot buys
• Unapplied retro adjustments

Taking a Proactive Approach to Protecting Your Profits

apexanalytix auditors skilled in pricing compliance can help you improve your profitability by uncovering issues hidden in your direct spend. They dig deep, go beyond the obvious and take a holistic look at your operations. Highly sophisticated apexanalytix firststrike® software helps our team produce stellar results—consolidating and analyzing large volumes of data from disparate purchasing and payment systems in record time. Our own data experts help us mine the information to pinpoint high-probability recovery opportunities.

We examine your direct-spend transactions to validate contract prices. We also look for system and process control weaknesses and provide recommendations that can help you continuously improve. We even examine previous statement audit recoveries to “reverse engineer” supplier pricing issues and to identify trends and anomalies that can signal lurking problems.

To make certain you can maintain pricing compliance long after your review is complete, we also offer firststrike tools to monitor your ongoing disbursements for errors. firststrike can help you proactively uncover mistakes in units of measure, pricing entries, currencies, missed retroactive pricing adjustments—and more.

The Apex Advantage
• Highly skilled pricing experts and data analysts who know how to produce superior results
• Powerful apexanalytix firststrike analytics for data mining, analysis and reporting
• Carefully crafted, repeatable methodology focused on rapid results
• A comprehensive analysis of the root causes of errors to help you tighten controls and protect hard-earned profits
• Availability of companion firststrike tools for ongoing monitoring and
protection
• A proven track record as the partner of choice for many of the world’s largest companies