October 17, 2023
Celebrating Excellence: apexanalytix Wins SpendMatters "50 to Know" Award Five Years in a Row
The annual list celebrates companies at the forefront of the procurement and supply chain industry, setting the standard for innovation and excellence
It is with immense pride and excitement that we announce apexanalytix’s inclusion in the “50 Providers to Know” list for 2023, marking the company’s fifth consecutive appearance on this coveted roster.
Each year, SpendMatters, the leading solution intelligence source for procurement and supply chain professionals, unveils its prestigious “50 Providers to Know” list. This annual list celebrates companies at the forefront of the procurement and supply chain industry, setting the standard for innovation and excellence.
“apexanalytix is a software-backed recovery audit provider with a deep, web-based supplier information management solution that can cleanse and validate supplier databases against a large number of data sources. Because it “eats its own food” (audit recovery services), apexanalytix provides leading capabilities and vetted information (golden records) on millions of companies. It is also evolving via acquisitions and partnerships to encompass more ESG/risk capabilities for tier-1 and beyond with native capabilities (tech. and people).” - Bertrand Maltaverne, Sr. Analyst
What Is SpendMatters’ “50 Providers to Know” List?
SpendMatters’ “50 Providers to Know” list is a definitive compilation of the best-in-class companies in the procurement and supply chain industry. These are the businesses that lead the charge in pioneering new technologies and services, propelling the industry forward. Each vendor on this list undergoes a rigorous selection process, independently vetted by SpendMatters’ esteemed analyst team.
Nikhil Gaur, Research Analyst & Project Associate at SpendMatters, sheds light on the evolving landscape of the procurement technology market in 2023. He notes, “The procurement technology market has continued to evolve in 2023. The progression of existing macroeconomic trends, combined with the proliferation of new technologies such as generative AI, have forced software providers to make crucial product development and resource allocation decisions.” This evolution underscores the critical role that companies like apexanalytix play in driving innovation within the industry.
The criteria for selection include factors such as innovation, market presence, technological competence, and solution delivery. These stringent standards ensure that only the most exceptional and forward-thinking companies make the cut. apexanalytix has consistently demonstrated excellence in all of these areas, which is why the company has earned its place on this prestigious list for the fifth time.
Bertrand Maltaverne, Senior Analyst at SpendMatters, underlines the importance of apexanalytix in the procurement and supply chain landscape. He mentions that apexanalytix is continually evolving through strategic acquisitions and partnerships to offer extended capabilities in environmental, social, and governance (ESG) and risk management. These native capabilities, which combine technology and human expertise, help apexanalytix serve tier-1 and beyond, ensuring comprehensive and robust solutions for its clients.
Earning a spot on SpendMatters’ “50 Providers to Know” list is a remarkable achievement, and apexanalytix’s fifth consecutive inclusion is a testament to the company’s unwavering commitment to innovation and excellence in the procurement and supply chain industry. apexanalytix’s dedication to providing top-tier recovery audit services, supplier information management, and ESG/risk capabilities has rightfully earned it a well-deserved place among the industry’s elite.
apexanalytix is a pioneer in the supply chain software, data, and analytics markets with data-powered software and services for supplier management, fraud prevention, and overpayment recovery. Today, apex serves over 250 Fortune 500 and Forbes Global 2000 companies, protecting more than $9 trillion of annual spend across the world’s most complex supply chains. apex’s leading suite of products includes its supplier management platform, which fully automates supplier on-boarding, master data management, and continuous monitoring of supplier and supply chain risk, throughout the supplier life cycle.
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner.