Challenge

Pricing errors are a costly issue that can silently erode your company’s profits.

Despite the frequent lack of alignment between contract terms and the amounts paid once goods and services begin to flow, surveys show only one in four companies is using automated contract management tools to aid in compliance monitoring.¹ As a result, the savings buyers work so hard to negotiate can simply leak away, one invoice at a time.

Noncompliance can represent a significant drain on your bottom line. History has shown us that large global manufacturers can have tens of millions of dollars in pricing discrepancies annually.

¹Ardent Partners, “The State of Strategic Sourcing: Connecting the Dots.”

$

20

M

in annual pricing discrepancies found in a pricing compliance review conducted for one of our clients, a global auto manufacturer.

$

250

K

in recovered overpayments because of a pricing discrepancy for a high-volume auto part, where the price was meant to be $.195, but was entered as $1.95.

25

%

of companies are using automated contract management tools to aid in compliance monitoring.

Solution

Take a proactive approach to protecting your profits.

apexanalytix auditors skilled in pricing compliance can help you improve your profitability by uncovering issues hidden in your direct spend. They dig deep, go beyond the obvious and take a holistic look at your operations.

 

apexanalytix’s highly sophisticated helps our team produce stellar results—consolidating and analyzing large volumes of data from disparate purchasing and payment systems in record time. Our own data experts help us mine the information to pinpoint high-probability recovery opportunities.

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Solution

Partner with pricing compliance experts.

We examine your direct-spend transactions to validate contract prices and look for system and process control weaknesses to provide recommendations that can help you continuously improve.

 

Additionally, we even examine previous statement audit recoveries to “reverse engineer” supplier pricing issues and to identify trends and anomalies that can signal lurking problems.

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Features

The apexanalytix Advantage

We have 35+ years of experience protecting our customer's bottom lines.

Tax Compliance

A Comprehensive Review

apexanalytix goes beyond the obvious to take a holistic look at your operations. We examine all your direct-spend transactions and contract data to validate prices.


Our data experts help us mine and analyze information to pinpoint high-probability recovery opportunities. We even look at previous statement recoveries to “reverse engineer” supplier pricing issues and identify trends and anomalies that can signal lurking issues.

Fraud Prevention

A Focus On Prevention

We analyze our findings and work in close partnership with your procurement team to identify the root causes of errors.


We provide a detailed analysis and recommendations you can use to improve processes and systems across your global operations—protecting hard-earned profits and achieving breakthrough levels of performance.

Intelligence Technology

Expert Technology

apexanalytix auditors are equipped with highly sophisticated overpayment prevention software that helps us consolidate and analyze large volumes of data from disparate purchasing and payment systems in record time.


As a result, we can analyze and report on information from across your organization and eliminate potentially time-consuming demands on your own internal team.

Cash-Team

Expert Processes

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


You’ll benefit from a carefully crafted, repeatable methodology that is focused on rapid results and continual improvement.

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Case Study: Pricing Compliance

Keeping Recoveries High with Technology-Enabled Services

Audit Services

Get the whole picture of overpayments with recovery audit services.

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.

Related Products

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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Case Studies

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.

$130M

Duplicate payments prevented over three years

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

Global Pharmaceuticals

75%

Decrease in duplicate payments

Establishing overpayment and fraud controls across multiple systems

Global Holding Company
Resources

Want to learn more?

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

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Product Briefs

AP Controls

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Webinars

AP’s Enemy: CHANGE

Ready to Roar?

Fill out our contact form and we will be in touch shortly to discuss how the apex platform can solve your overpayments.

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