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No other company could offer us the technology that apexanalytix brings to the table. Their software is irreplaceable and keeps us up to date.”

– Director of Finance Operations

Overview

This tech company is a global leader in technology-enabled business solutions and services to support “digital transformation” initiatives. It serves clients in more than 60 countries and generates more than $8 billion in annual revenues. The firm attributes its success to helping companies modernize their processes, applications and infrastructure.

 

Challenge

With annual disbursements in excess of $1 billion, executives knew there were ample opportunities for payment errors that could take a toll on the firm’s profits. They also knew the value technology could bring to critical business processes and hoped to find a software-enabled solution that would deliver the protection they needed.

Solution

After a thorough analysis of options, executives adopted the apexanalytix firststrike® platform for continuous protection against disbursement errors. They decided to complement their new software with regular disbursement audits conducted by apexanalytix experts.

Results

An audit of 150,000-plus invoices and over $1 billion in annual disbursements uncovered just one duplicate payment—attributed to a team member overriding a warning of a possible duplicate.

 

apexanalytix helped the firm totally eliminate duplicate payment losses associated with:

  •  Inconsistent invoice coding
  • Inconsistent invoice dates
  • Multiple related vendors
  • Invoices paid on multiple payment platforms.

 

Interested in learning more? Schedule a demo here.

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