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smartvm® app

Data confidence.

Don’t let integration stop you from vendor master accuracy

Confidence without the work

Upload, validate, be confident in your vendor data

An easy-to-use web application that can validate supplier data against 850+ external data sources and 70M+ scored supplier records. Correct the error-prone manual process that is increasing duplicate payments and increasing the AP team’s workload.

88%

of companies onboard vendors through a manual process

THE VENDOR MASTER PROBLEM

HOW ROBOTICS AND SMART TECHNOLOGY CAN TRANSFORM YOUR VENDOR MASTER

30%

of duplicate payments stem from duplicate vendor records

Impact-on-demand

The bottom line impact has never been easier

apexanalytix has spent 30 years recovering billions of dollars in duplicate payments for Fortune 1000 because standard ERP controls are not good enough to identify duplicate payments. smartvm’s duplicate vendor identification detects duplicate vendors and creates a fast impact on minimizing duplicate payment risk.

Don’t risk non-compliance ever again

Protect your company against OFAC fines

Based on Apex Analytix vendor master benchmarking, 0.53% of an average company’s suppliers are already on a prohibited list. If a company has 10,000 suppliers, on average 53 have already been flagged and your company should not be doing business with them. Furthermore, 0.53% was the average. Several companies in our research had over 1.5% of suppliers on prohibited lists!

25%

of OFAC fines are more than $1M

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