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Challenge

Many governing bodies facing budget shortfalls have looked to escheatment as an important potential revenue stream.

They have shortened the escheatment window, stepped up audit activity and issued more fines—often costing companies millions. In Delaware, for example, authorities collect almost a half billion dollars related to escheatment annually, representing the state’s third-largest source of revenues.¹

¹Delaware Economic Financial Advisory Committee Report

Solution

Avoid government fines and keep funds from being erroneously escheated to the state.

apexanalytix provides comprehensive, technology-enabled escheatment avoidance services. We reduce your risks by identifying and resolving uncashed payments across the breadth of your operations and producing documentation able to withstand even the most rigorous state escheatment audits.

 

Our team conducts vendor outreach, categorizes each unclaimed disbursement (i.e., reissue, escheatable, non-escheatable), thoroughly documents payments to be voided and even conducts a root cause analysis to reduce future exposure.

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Features

Why work with apexanalytix for escheatment avoidance?

Comprehensive Review

apexanalytix goes beyond the obvious to take a holistic look at your operations.

We examine all your payment systems and related invoices to identify uncashed checks and determine whether they represent obligations that must be remitted to a government entity under escheatment statutes.

Expert Technology

apexanalytix escheatment auditors are equipped with highly sophisticated software we use to consolidate and analyze large volumes of data from disparate purchasing and payment systems.

As a result, we can stratify and categorize transactions by invoice and payment type, analyze errors and develop a recovery more quickly than teams relying solely on manual processes.

Expert People and Processes

Our audit experts assure you get the most out of your escheatment avoidance engagement, using processes honed through decades of experience with Global 2000 companies.

You’ll benefit from a carefully crafted methodology and from a team of experts focused on rapid results.

A Proven Track Record

apexanalytix is the partner of choice for more Global 2000 companies than any recovery auditor in the world.

We have experience in complex corporate environments, escheatment documentation, global financial shared services and all varieties of ERP platforms—both commercial and homegrown.

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Audit Services

Get the whole picture of overpayments with recovery audit services.

More insights. More expertise. More supplier intelligence. More recoveries than any other provider in the world. 35+ years of experience combined with industry-leading AI technology is how we protect your bottom line from payment errors and hidden procure-to-pay risks.

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Recovery Audit

Accounts Payable Recovery Audit

75% to >90% of recoveries are statement credits. Accounts payable recovery audit finds them all, plus any debit balances or duplicates you've missed.

Compliance

Contract Compliance Recovery Audit

You spend a lot of time negotiating favorable terms to save your company money. But contract compliance audits are finding more than ever.

Recovery

Unclaimed Property Recovery Audit

There's money out there for all your business entities in states, counties, cities, agencies, and even foreign governments. We can help you find it.

Flexible pricing for contract compliance recovery audit services

Sales and Use Tax / VAT Recovery Audit

Our comprenensive sales and use tax audits tame your complex tax challenges. Protect your bottom line and ensure that you pay only what you owe.

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Ultimate Supplier Management

Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.

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Supplier Management

Every. All. 100%

A single, central supplier hub for every supplier, all of your policies and integration with 100% of your source-to-pay systems.

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Intelligent Data

Data In. Gold out.

The fastest way to validate and enrich your third-party data with APIs tapping 1,000+ trusted data sources and 100 million company golden records.

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Supplier Risk Management

Disrupt the disruption.

Catastrophic disruptions caused by supplier fraud and risk could happen anytime, to any business. Protect yourself with proactive supplier risk management technology.

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Audit and Recovery

$9 billion in overpayments prevented or recovered annually.

More insights. More expertise. More supplier intelligence. More recoveries than any other provider in the world.

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Customer Stories

Peak performers
pick apex.

Whether long-form webinars or in-person conference presentations, our clients love to share best practices - what drives measurable value - with their peers.

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$130M

Duplicate payments prevented over three years

Using technology-based controls to protect, analyze and manage accounts payable

Global Pharmaceuticals
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75%

Decrease in duplicate payments

Establishing overpayment and fraud controls across multiple systems

Global Holding Company
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Resources

Want to learn more?

Hundreds of product overviews, reports, customer-led webinars and on-demand product demos.

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Case Study

Transforming Duplicate Payment Controls to Deliver Continual Value

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Product Briefs

AP Controls

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Webinars

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