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Duplicate Payment Prevention

apexretail.ai

Your data already knows.

Discover and eliminate claims with a visual
look into all your retail data. Experience our real audit software.

Massive
merchandise.

Consumers are asking for more variety, more choices, more e-commerce, more options closer to home.

That means more suppliers, more item SKUs, more stores, more complex logistics, more inventory.

And it also means more missed discounts, rebates, allowances and deals that slice away at already razor-thin retail margins. That’s why real audit software is a must-have.

How do you keep up with all the deals and new suppliers? Do you hire more staff? Do you hire more auditors? Or do you miss deals? Why can’t you get rid of some of the claims?

1,000

New products introduced every year by the #1 tool brand

500

Different soft drink manufacturers in the U.S. alone

5,000

New stores opened by one retailer in five years

9.7M

Sellers on the largest online marketplace worldwide

16 Billion

Bags of snacks sold by just one company
across its 29 brands every year

Massive merchandise.

Consumers are asking for more variety, more choices, more e-commerce, more options closer to home.

That means more suppliers, more item SKUs, more stores, more complex logistics, more inventory.

And it also means more missed discounts, rebates, allowances and deals that slice away at already razor-thin retail margins.

How do you keep up with all the deals and new suppliers? Do you hire more staff? Do you hire more auditors? Or do you miss deals? Why can’t you get rid of some of the claims?

1,000

New products introduced every year by the #1 tool brand

500

Different soft drink manufacturers in the U.S. alone

5,000

New stores opened by one retailer in one year

9.7M

Sellers on the largest online marketplace worldwide

16 Billion

Bags of snacks sold by just one company across its 29 brands every year

Your data already knows.

Every day, your sales, order, inventory, invoice, payment and deal management systems collect tons of useful information.

Data patterns are to be found. A lot of time is to be saved. There are control gaps to be fixed. Also, some claims need to be eliminated. It is all in your data, you just need to be able to see it. Real audit software can deliver all those services.

Graphs, not grids.

Save 80% of your time.

apexretail.ai takes the monotony and mistakes out of reviewing millions of lines of transactions to find the ones that are outside of the deal terms. It joins all the data sets to show you in pictures, not in infinite rows of numbers and boxes, where to audit. Automation speeds through your data to look at margin performance, cost and pricing changes and inventory changes. Right away, you can see the patterns and provide the needed insights to evaluate promotional purchases/sales versus regular purchases/sales, markdowns, inventory and vendor allowances.

Train. Discover. Score.

Problem suppliers and bad deals, we know who you are.

apexretail.ai prioritizes suppliers using artificial intelligence. First, it looks at the historical changes in related data sets, hunting for the times when an item price changed. This real audit software scores and prioritizes the suppliers who have the highest number and value of pricing anomalies.

The mistake that never happened.

Vendor funding not received correctly? Freight payment exceptions? Messy reconciliation of excessive defectives? Goods receipt payment mistakes?

These are just a few examples of common claim types that can be fixed through process changes and collaboration to eliminate claims before they happen. Why wait until post-audit when you can benefit from the time value of money with real audit software?

$600 million a year. 5X more recoveries.

That’s right. For one of the very largest retailers in the world, apexretail delivered 500% the recoveries of previous post-audit efforts. And it reduced the cost per claim (internal resources + third-party fees) by 60%. What’s it worth to this retailer? $600 million a year and growing.

Perfect fit.

Have an internal team? Want to make them more efficient and effective? Then apexretail.ai as a SaaS implementation is for you.

Want to start with a few proof-of-concept projects? Let’s pick out a few claim types to eliminate. No staff but want the full benefit of apexretail.ai? apexanalytix can staff a team dedicated to you.

Let’s get started.

You already have all the information we need to do the first step. The data that you and your third-party auditors use is the basis for our A+ 360 analysis. apexretail.ai goes to work on that data to discover where to focus. We promise we will find opportunities.

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