Challenge

How accurate is your data?

"I just can't trust my master data" - everyone who manages their vendor or customer master data. This problem stems from years of manual collection of data, checking validity at onboarding and then never touching it again.

Solution

Trusted sources. Trusted data.

Whatever is in your ERP is old and inaccurate, but the reality is that most of the data comes up NULL. The apex platform provides data validation through integration with 1000+ trusted data sources from governments, regulatory bodies and authoritative third parties. This can be access via our supplier management platform, API or a web application.

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Prohibited Lists
  • Prohibited Lists

  • Global Tax IDs

  • Diversity Databases

  • Global Addresses

  • Bank Account Info

Prohibited Lists

Recent wars and conflicts have increased the amount companies that are illegal to do business with. Trying to monitor this manually is impossible. With apex, it’s automated.

 

  • Office of Foreign Assets Control (OFAC)
  • Financial Action Task Force (FATF)
  • United Nations (UN)
  • Interpol International Criminal Police Organization (INTERPOL)
  • Department of State Terrorist Exclusion List (TEL)
  • And a ton more

Global Tax IDs

Validating the company and individual identities across your third-party relationships helps ensure that you are doing business who you think you are doing business with.

Identity fraud is used to create fake companies, fake suppliers, fake partners, fake contractors….that steal real money.

Ensure that tax IDs are valid across the US, EU VAT Area, Switzerland, Canada, Australia, Malaysia, India and more.

Diversity Databases

“If you’re in a major city, probably 3-8% of your current spend is already diverse spend.”

Chuck Stefanosky, Supplier Diversity Director at Independence Blue Cross

Manual processes limit companies ability to identify diverse suppliers during the discovery, registration and ongoing management phases.

The apex platform is integrated with national, regional and local diversity databases to enrich your current vendor master and validate all going forward. This can be done via our supplier management portal, API or web application.

Global Addresses

250 country address books. Every address in the world that we can validate from a trusted source.

Why do you want to confirm an address?

Check your supplier address with your employees. Matches are key indicators of fraud.

Natural disasters and armed conflict. Correct addresses helps you identify which partners may be in danger.

Unfortunately, electronic payments have not been 100% adopted and valid addresses are a good way to keep the legacy processes efficient.

Bank Account Info

Bank account ownership validation is the MOST effective way in preventing fraud.

  • Validates bank account is owned by supplier through integration with global banking consortium and government authorities (US, UK, India, Sweden, Poland and more)
  • Confirms that the bank account does not have a negative balance (high risk attribute)
  • Flags change requests for bank accounts that have been recently opened
Features

Data confidence.

Harnessing global data sources and real-time checks, we ensure data accuracy. Experience effortless data validation with our seamless integration and user-friendly features.

Database

1000+ Data Sources

Real-time integration with over 1000 data sources (global governments, regulators, and authoritative third parties) to validate and enrich your supplier data.

Validations

100M+ Scored Suppliers

Our proprietary database of 100M+ suppliers provides the most complete and accurate data to accelerate onboarding, improve master data and predict supplier behavior. Every data point is scored based on accuracy and age.

Integration 02

API Integration

Integrate seamlessly with any ERP - SAP Certified, Oracle Partner and Secure Open Adapter for all other systems and applications.

Data Quality

Accurate Data, Always

Keep all of our customer and vendor data accurate through integration with the most trusted source of the data. Tax ID/VAT, bank information, diversity status, addresses, and a lot more.

Data Enrichment

Enrich Third-Party Data

The data that you don’t have may provide a better picture of your supplier. Automate enrichment to see info like industry codes, diversity status, locations, employees and more.

Analysis

Scored for Age

Data validated today is more trustworthy than data validated last year. So our data trust scores reflect that.

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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
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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

Supply & Demand Chain Executive Names Jason Jablecki as Recipient of 2024 Pros to Know Award

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News

apexanalytix Transforms Supplier Management with Generative AI Platform

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News

apexanalytix Recognized as Customer Favorite and Top Tech Score in SpendMatters Spring 2024 Solution Map

Ready to Roar?

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

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