Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.
Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.
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How a leading global professional services firm cut supplier onboarding from three weeks to seven days, and protected the company along the way.
to onboard 80% of suppliers, down from about three weeks.
of suppliers now onboarded within seven days.
reduction in duplicate vendor records.
For years, the answer to one simple question, “How soon can we onboard this new supplier?”, was the same: about three weeks.
Three weeks of emails. Spreadsheets passed back and forth. Someone in accounts payable squinting at a routing number, hoping it was keyed in right. While all of that played out, two problems grew quietly in the background.
The first was duplicates. The same supplier could slip into the vendor master twice under slightly different names, each one a chance to pay the same company twice.
The second was scarier and harder to see. Even when the paperwork looked clean, nobody could be sure the bank account on file actually belonged to the supplier. In a high-volume operation, that uncertainty is exactly where fraud and misdirected payments live.
The firm brought in apexanalytix to automate the repetitive, manual onboarding process, freeing the team to apply judgment where it matters. Here is what the portal handles, every time.
Suppliers register themselves through a company-branded portal, with questionnaires specific to their supplier type and the risk they pose.
Tax IDs, addresses, insurance, prohibited and PEP lists, and more, all checked in real time before anything reaches the vendor master.
Matches are flagged before they ever enter the vendor master, so it stays clean, accurate, and filled only with active suppliers.
Assessment, mitigation, and monitoring run automatically for every onboarding, instead of depending on someone to remember.
BankPro confirms the account is real and in good standing, then confirms it belongs to that supplier, directly with banks, government agencies, and trusted third parties.
Workflows, required fields, and new supplier segments adjust easily to changes in the market and regulatory mandates.
Toggle a side to focus. Every line moved from a hopeful question to a verified answer.
Beyond the numbers, the software lifted both productivity and morale. With the vast vendor database handling the routine checks, the team can focus its energy on the situations that could genuinely put the firm at risk, instead of spreading itself thin. The work didn’t just get faster, it protected the company in a more comprehensive, auditable way.
Move the sliders to match your operation. The estimate assumes apexanalytix onboards 80% of suppliers within seven days.
21 days
7 days
The old rule says speed comes at the expense of accuracy. Our experience says otherwise.
By building validation, duplicate detection, and bank account verification directly into how suppliers get onboarded, apexanalytix took away the slow manual steps and the blind spots where errors and fraud used to hide.
What’s left is an onboarding function that is faster and more comprehensive: cleaner data, faster payments, and confidence that every supplier and account is exactly what it claims to be.
Talk to apexanalytix about supplier onboarding, duplicate detection, and bank account verification.