Challenge

Invoice processing for your long-tail suppliers is a lot of work.

Most companies have turned to some form of invoice automation, including e-invoicing, but typically struggle to find a solution that works well for “the long tail.”

Their e-invoicing programs tend to focus on the top 5, 10 or 20 percent highest-volume suppliers, leaving 80 percent or more of their suppliers to continue submitting invoices by email or on paper.

Solution

Cut costs and expedite invoices for the long tail with apexanalytix.

Our technology effectively eliminates your mail room, scanning and indexing operations, and improves invoice quality and processing cycle times.

 

Suppliers simply log in, provide invoice header details and upload an invoice image along with any applicable attachments, which are fed into your normal invoice line item capture and approval work flow. The result is the most cost effective, most secure and easiest to implement invoice-handling solution for the long tail.

Supplier Relationships
Features

Reduce invoices processing costs and expedite invoice approvals.

Simple eInvoicing Deployment

With Simple eInvoicing, no ERP integration is required. Instead, invoice header information and attachments are routed through your existing AP workflow solution for capture, three-way matching, approval routing and posting for payment.

Eliminate Adoption Barriers

Unlike many e-invoicing solutions, apexanalytix allows suppliers to submit invoices without incurring a fee.

In addition, no e-invoice onboarding is required—if the supplier uses the portal for invoice status inquiries or managing their vendor details, they can submit invoices.

Improve Performance and Automate Inquiries

Capture more discounts, improve cycle times and improve supplier relationships by expediting invoice capture and driving invoice quality. Suppliers get immediate visibility into the status of their invoices from the moment the documents are uploaded.

As a result, “Did you get my invoice?” calls simply go away.

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Case Study

How a New E-invoicing Deployment Skyrocketed Duplicate Payments for an International Bank

Features

Eliminate Paper, Drive Straight-Through Processing and Strengthen Controls

Improve supplier relationships and program adoption with the apexanalytix portal, a central hub for all systems suppliers need to conduct business with you.

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Choose Your Option

apexanalytix can connect with any invoice automation solution via our Secure Open Adapter. If you have an existing e-invoicing/invoice automation provider and want to keep them, you won’t have to worry about compatibility.

If you prefer, we can deliver the portal with pre-integrated invoice automation tools from our partner Basware and its 200 interoperability partners. Together we offer a comprehensive, rapidly implemented solution that positions you for success.

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Integrate Any P2P Solution

Our portal is built on an open, standards-based platform. That means we can seamlessly share invoice data with commercial and homegrown ERP platforms and other business systems.

We support a single, integrated supplier experience through single sign-on, integrated supplier onboarding and account creation, and integrated menus between the portal and any other procure-to-pay platform you choose.

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Transform Invoice Processing

Industry experts at Basware say adopting automation can reduce your invoice administration costs by an estimated 90 percent and achieve an estimated 65 percent straight-through processing rate.

You’ll reduce manual errors and exceptions, reduce the likelihood of duplicate payments, capture invoices more quickly to support dynamic discounting, mitigate fraud and risk, and increase your visibility into cash flow for improved forecasting.

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Leverage a Broad Ecosystem

E-invoicing and AP automation are part of a comprehensive supplier portal.

You can mix and match the modules with others that span the P2P lifecycle, including supplier discovery, registration, inquiry, statement audit, dynamic discounting, supply chain financing, risk management and performance management. It supports all your supplier-related enterprise systems and ERPs from a single portal.

Supplier Management

Right. From the start.

apexanalytix's Simple eInvoicing is part of a comprehensive supplier management solution that replaces time-consuming, manual onboarding with a supplier-facing portal filled with automation and configurable workflows.

Onboard

Faster Onboarding

Remove the collection of data via email exchanges with a supplier-facing portal.

Validations

Real-time Data Validation

1000+ trusted data sources to validate tax IDs, bank account, address, prohibited/PEP lists and more.

Questionnaires

Pre-built Supplier Questionnaires

Best practice, pre-built supplier questionnaires in ethics, IT, financial standing, business continuity planning, and highly configurable templates.

Workflows

Customized Workflows

Ensure compliance with highly configurable workflows that can be easily updated by the P2P team.

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Single Source of Truth

Bi-directional integration with every ERP to keep all data synced all the time.

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Foundational Agnostic Technology

Integrate any P2P solution to simplify the admin and supplier experience.

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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Videos

Northwestern Medicine – The Vendor Master Problem

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Blog

“Business as Usual” Creates Overpayments. An AP Recovery Audit Finds What We Can’t.

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Webinars

Streamlining Supplier Management Across Diverse ERP Instances

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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