apexanalytix Receives Best Overall Scoring in Spend Matters Fall 2020 Supplier Relationship Management and Risk SolutionMap
PRESS RELEASE: GREENSBORO, N.C. (PRWEB) OCTOBER 14, 2020
Today apexanalytix announced it has received the best overall score among 20 supplier relationship management and risk solutions evaluated in the Spend Matters Fall 2020 Supplier Relationship Management and Risk SolutionMap. The SolutionMap analysis ranks technology within the procurement and supply chain spectrum and is updated semiannually to show market developments.
The top rating for apexanalytix is based on industry analyst and customer reviews of the company’s supplier relationship management and risk solutions, including apexportal, the fastest growing supplier portal in the industry. apexportal provides a central hub for companies around the globe to support every supplier, enforce every compliance policy and integrate with every source-to-pay system. Supplier records are automatically validated and enriched using more than 650 trusted third-party data sources and a database of 32 million supplier golden records maintained by apexanalytix.
“With the disruption caused by COVID-19, supply chain risks have never been greater,” says Akhilesh Agarwal, SVP of global business partner technology solutions at apexanalytix. “Our clients can establish continuous protections against fraudulent bank account changes, eliminate fines associated with regulatory compliance, and take steps to avoid costly supply chain disruptions.”
Spend Matters reviewers give the company top scores for a wide range of factors related to application functionality, platform technology and supporting services.
One example: Spend Matters says the apexportal business rules editor “is one of the most powerful out there,” allowing companies to tailor apexportal to their workflow and to use “deep verification rules” to make certain only valid data is captured.
This is the fourth consecutive Spend Matters SolutionMap that has ranked apexanalytix as the industry leader. The latest report shows that customers rate the company in the top tier for return on investment, total cost of operation, business value and innovation.
apexanalytix revolutionized recovery audit with advanced analytics and the introduction of firststrike overpayment and fraud prevention software. Today, apexanalytix also leads the world in supplier management innovation with apexportal and smartvm, now the most widely used supplier onboarding and compliant master data management solution in global procure to pay processes. With over 250 clients in the Fortune 500 and Global 2000, apexanalytix is dedicated to providing companies and their suppliers with the ultimate supplier management experience.