Challenge

Uncover data insights.

Accurately scoring and gaining insights from data is a complex task. It requires advanced algorithms, real-time validation, and comprehensive data sources. The challenge lies in managing vast amounts of data, ensuring its accuracy and transforming it into actionable insights.

$

12.9

M

Poor data quality costs business.

Poor data quality costs issues include regulatory non-compliance, impaired decision-making, and damaged customer experiences.

1Gartner 2021

73

%

of businesses experience poor data quality.

Poor data quality increases IT and operations costs, decreased productivity, and an inability to make sound business decisions.

1Experian 2021

74

%

of organizations experience data quality issues.

Top impacts are increased IT costs, less effective decision-making and reduced productivity.

1Experian 2021

Solution

More insight. More protection.

Our advanced analytics and scoring systems transform raw data into actionable insights, driving smarter decisions and improved business outcomes.

 

With our comprehensive data validation, real-time scoring, and insightful reports, you can trust the accuracy of your data and gain a competitive edge.

A visual representation of the capability within the apexportal platform
Bank Account Confidence
  • Bank Account Confidence

  • Fraud Detect Score

  • Cash Discount Likelihood

  • Supplier Claim Score

  • Duplicate Payment Score

Bank Account Confidence Score

It’s in the data. No bank account change happens online without trails of data.

IP addresses, how long the bank account has been open, similarity to other supplier data…the list goes on.

Combined with our 100M+ supplier database, we can confidently determine if a bank account change is legit or not.

The apex platform provides the automated analysis your team needs to quickly flag suspicious requests for further due diligence and confidence to automate every legit request.

Fraud Detect Score

apexportal identifies fraud that would otherwise go undetected and blocks fraudulent payments before they go out the door. Then, it helps you build your case.

AI continuously analyzes all your supplier profiles, transaction data, and signals from the apexanalytix global fraud monitoring community.

Alerts your team to further investigate suspicious suppliers and provides the data required to catch the criminals.

Automatically blocks fraudulent payments as soon as apexportal detects potential fraud.

Cash Discount Likelihood

Cash Discount Likelihood (CDL) scoring is a proprietary, machine-learning process developed with the input of Treasury and Finance domain experts that uses predictive analytics to determine the likelihood of a supplier to accept a discount.

With the CDL score, apexportal recommends the highest rate that suppliers will accept to maximize discounts captured. With offers on a sliding scale, suppliers also have the flexibility to choose a combination of discount rate and date for their working capital requirements.

Supplier Statement Score

Our auditors, statement analysts and recovery analysts have power at their fingertips.

Over 30 years of recovery audits, apex has developed a database of suppliers that continuously tracks all supplier interactions so we know when to contact them, how to contact them and who are the most responsive contacts.

This history is compiled into a score based on past audits and provides data on when we recovered overpayments, which suppliers cooperated, and which ones suppressed credits on statements.

Data-guided conversations, ultimately, means more meaningful supplier interactions.

Duplicate Payment Score

Traditional ERP duplicate invoice checks block the duplicate invoices only if they are entered the exact same way as the first —same company code, vendor, date, invoice number, amount, currency and ERP instance.

apex’s duplicate payment scoring is built to catch every duplicate that aren’t an exactly the same and may come from different ERP instances and submission methods.

AI automatically scans every invoice to identify duplicates and outliers then assigns a score based on the likelihood and financial impact. That way, no duplicate payment slips by.

Features

Empowering Decisions with Data.

Harness our platform’s unique data scoring system to transform intricate data into actionable insights, propelling your business towards unparalleled success.

Data Trust

Real-Time Data Scoring

Real-time data scoring capabilities, allowing them to assess the quality and relevance of their supplier data instantaneously.

AI Insights

Advanced Analytics

Enable users to build predictive models based on their supplier data, facilitating forecasting and trend analysis.

Data Security

Data Security

Ensure robust data security measures are in place to protect users’ supplier data from unauthorized access.

Related Solutions

Own your third party data.

Transform your master data management with real-time data validations and enrichment from the most reliable data sources.

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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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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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Supplier Risk Management

Disrupt the disruption.

Prevent fines, fraud and supply chain disruptions with continuous monitoring of your supply base – without the noise.

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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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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.

15.9M

in Sales & Use Tax Recoveries

A global leader in logistics operations needed help. The tax leaders kept getting notices for underpaid taxes with penalties and interest.

US-based company with $3.4 billion in revenue

1600%

increase in prevention of duplicate payments
Hershey_logo

How Hershey’s is Kissing Overpayments Goodbye

“How many dollars of chocolate would we have to sell to equal a million in recoveries?”
Resources

Want to learn more?

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

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News

apexanalytix Named “Risk Management Company Of The Year” By SupplyTech Breakthrough

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Webinars

Overcoming Hurdles in Achieving Supply Chain Sustainability Compliance

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News

apexanalytix Debuts Cyber Risk Solution Designed to Prevent Supplier Data Loss and Operational Disruption

Ready to Roar?

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

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