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Customer Story · Supplier Management

One Source of Truth for Supplier Risk, Across Every Department.

How a global aerospace leader connected 150+ stakeholders across procurement, finance, compliance, and risk on a single platform, giving everyone visibility into suppliers’ risk.

Industry
Aerospace;
Function
Procurement, Finance, Compliance & Risk
Solution
Supplier Management

At a Glance

90,000+

suppliers managed on one platform.

$46B

in annual supplier spend under management.

$26M+

estimated annual ROI.

The Problem

Risk Owned by Everyone, Visible to No One

The organization was asking every department to move fast and stay coordinated. Without a shared system, across tens of thousands of suppliers, it’s very hard to do both.

For years, the answer to one simple question, “who owns supplier risk here?”, depended entirely on who you asked.

Procurement had its own view. Finance had another. Compliance and information security ran their own reviews, on their own timelines, in their own systems. Each function was doing real work. None of them could see what the others already knew.

The first problem was duplicated effort. The same supplier could be risk-reviewed by one department this quarter and asked to complete the same questionnaire for another department the next.

The second problem was quieter and more serious. With risk data scattered across departments and tools, no single team ever had the full picture of where fraud or compliance exposure was actually concentrated across the organization. Gaps between departments are exactly where risk goes unnoticed.

The Fix

One Platform, Every Stakeholder

The organization deployed the apexanalytix platform to unify third-party risk management across departments, adopting the full range of apexanalytix solutions over time. Here’s what runs on one shared system now.

Onboarding, monitoring, and compliance in one system

Supplier onboarding, ongoing monitoring, and compliance activity run on the same platform and the same system of record, for all 90,000+ suppliers.

Fraud and compliance exposure visible enterprise-wide

Exposure is monitored continuously across the full supplier base, so where risk is concentrated is visible to every stakeholder rather than to one department at a time.

Built on a full-suite partnership

The organization adopted the full range of apexanalytix solutions over time, extending coverage department by department rather than through a single cutover.

Room to expand

With a shared foundation in place, the organization has the opportunity to extend into additional apexanalytix offerings as its needs evolve.

The Results

What Changed

Beyond the numbers, the shift changed how departments work together. With risk data shared instead of siloed, procurement, finance, compliance, and risk teams spend less time reconciling who knows what, and more time acting on what they know. The result is an estimated $26 million or more in annual ROI, including reduced compliance and legal activity.

→
One shared, verified supplier record, embedded into our own systems

→
Supplier data and risk visibility across various departments and engagements

→
Continuous fraud and compliance monitoring

→
150+ users working daily from a single system of record

The Takeaway

Unified Doesn’t Mean Slower

The old assumption was that connecting every department to one system would mean more process, not less.

This organization’s experience says otherwise: a single, shared source of truth removed the friction of fragmented ownership, replacing it with visibility every stakeholder could act on.

$26M+

in estimated annual ROI, including reduced compliance and legal activity.

See What Unified Risk Management Could Do for Your Team

apexanalytix. Minimize supplier risk with touchless onboarding, risk management, and profit recovery.

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