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.
Your P2P expert that knows everything, guides human behavior and takes immediate action on your behalf.
The highest level of protection against phishing and fraud. Users can securely login without needing to enter a password.
Strength in unity. There are no problems we cannot solve, together.
Our purpose-built and configurable platform brings together everything your company needs to optimize your supply base.
Explore e-books, white papers, customer-led webinars and more.
To positively impact the lives and careers of our associates, customers and partners.
Icon is an exclusive conference attended by leaders of best-in-class, global financial shared services, accounts payable, procurement, post-audit and supplier governance, and risk and compliance organizations.
March 16-18, 2025
A company division headquartered in Europe had five years of disbursements that had yet to be audited. Executives suspected that unrecovered losses impacted their profitability. So, they turned to apexanalytix.
This multinational conglomerate is one of the world’s leading manufacturers of consumer and business electronics. The company has more than 130,000 employees globally and annual revenues that exceed £47 billion.
A company division headquartered in Europe had five years of disbursements that had yet to be audited. Executives suspected that unrecovered losses impacted their profitability.
More insights. More expertise. More supplier intelligence. More recoveries than any other provider in the world.
The division selected apexanalytix to conduct a technology-enabled recovery audit and to compare its operations against industry peers. Auditors analyzed nearly 400,000 invoices that represented £4 billion in spending. They also reviewed nearly 1,300 supplier statements to identify unclaimed credits.
apexanalytix ecovered more than £500,000 in losses attributed to duplicate payments.
• The rate of duplicate payments per million invoices was more than four times the industry average.
• Auditors recommended a vendor master cleanup since most duplicates could be attributed to multiple related suppliers in the vendor master file.
• Other root causes were found to include inconsistent or erroneous invoice coding and possible overrides of system controls.
Recovered nearly £250,000 in statement recoveries.
• Leading root causes of unclaimed credits were cancelled invoices, rebates, duplicate payments, pricing discrepancies and prepayments that exceeded actual costs.
Fill out our contact form and we will be in touch shortly to discuss how we can help.