Spend Matters Rates APEX Analytix as the Top Supplier Relationship Management and Risk Solution
APEX Analytix earns highest customer and analyst ratings in the Spend Matters SolutionMap. Again.
PRESS RELEASE: Greensboro, NC, September 26, 2019 — APEX Analytix has been recognized as the customer and analyst leader in Supplier Relationship Management and Risk solutions by Spend Matters in its Q3 2019 SolutionMap for procurement technology. This is the second consecutive quarter that APEX Analytix received the top ratings from both customers and analysts. Well-respected as a snapshot of the best solutions in the market, the SolutionMap provides customer and analyst scoring across 5 buyer personas, 56 procurement software companies and 12 solution categories.
“Our clients demand what the ‘end-to-end’ Source-to-Pay suites have never been able to deliver,” describes Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at APEX Analytix. “We are proud to provide solutions that support 100% of suppliers, regulations and policies in a central supplier dashboard.”
Designed to engage every supplier, the self-service APEX Portal is the fastest growing supplier portal in Source-to-Pay history with 3 million suppliers in 3 years. Meaningful financial impact is derived by addressing the complete supplier lifecycle, validating supplier data with APEX Analytix’s SmartVM® software, and seamlessly integrating with other Source-to-Pay solutions.
Unlike any data offering in the market, SmartVM® validates and enriches supplier data through integration with more than 650 government, regulatory and trusted third-party data sources and over 32 million golden records for suppliers to the Global 2000.
“Beyond feature and function, we look at the platform elements to see what’s real and what’s not,” said Pierre Mitchell, Chief Research Officer at Spend Matters. “Some users look for configurability, others don’t. We reflect buyer needs against, for instance, the application of AI, user experience and low-code platforms. With SolutionMap, procurement has this information at their fingertips.”
“In collaboration with the world’s most advanced Source-to-Pay organizations, we’ve created the first supplier management solution for every supplier,” says Steve Yurko, CEO of APEX Analytix. “We are excited to have this independent validation that we’re delivering solutions that meet customer needs.”
About Spend Matters
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. Spend Matters is owned and managed by Azul Partners Inc.
About APEX Analytix
APEX Analytix revolutionized recovery audit with advanced analytics and the introduction of FirstStrike® overpayment prevention software in 1998. Today, APEX Analytix leads the world in supplier management innovation with APEX Portal and SmartVM, the most popular supplier onboarding and compliant master data management solutions available. With over 250 clients in the Fortune 500 and Global 2000, APEX Analytix is dedicated to providing companies and their suppliers the ultimate supplier management experience. Learn more at www.apexanalytix.com.
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