Challenge

Manual processes are creating opportunities for fines, fraud and inefficiencies.

No one likes onboarding suppliers via email exchanges. There are a lot of manual tasks to capture information needed to pay suppliers and confirm they are compliant. Unfortunately, managing thousands of suppliers manually will always fail. It could be an OFAC fine, fraudulent payment or countless hours keying in data.

62%

Inefficiences in Supplier Onboarding process

Procurement managers reported too many inefficiencies in their supplier onboarding process.

1International Journal of Productivity and Peformance Management

Up to 6 months

Time-consuming process

Onboarding new suppliers is a long process that can take up to six months at many large organizations.

1A Remedy for the Supplier Onboarding problem HBR 2023

$750B

Annual fraud from check and payment tampering.

These fraudulent activities involve altering or manipulating checks and digital payments, leading to substantial financial losses.

1apexanalytix analysis of ACFE data

Solution

Right. From the start.

Ensure compliance across every supplier segment with highly configurable business rules, dynamic user journeys and data validation against more than 1000+ trusted data sources—including bank account ownership validation.

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Improve Data
  • Improve Data

  • Tighten Controls

  • Go Global

  • Drive Risks Down

Improve Data

apex platform provides continuous, proactive monitoring to enrich and update your supplier data over time. Improve data like new contacts, entity type changes and industry codes that can be added to the record based on your preferences.

Tighten Controls

Achieve global regulatory compliance by requiring certain fields to be completed or important documents to be uploaded before vendor master records are created.

Go Global

Can support multiple languages and easily align registration fields with various in-country regulations, regardless of where you do business. You also get secure, bidirectional communication with multiple ERP platforms and procure-to-pay systems used around the globe – all from a single apex platform.

Drive Risks Down

The cognitive technology used by the apex platform helps you build a pristine vendor master. We automatically flag duplicate entries and verify supplier data against billions of records in 1,000+ databases, including our own.

Supplier onboarding. Done your way.

Configuration

Configure Your Way

More than 800 fields and 300,000 built-in business rules let you easily configure your portal to gather the information you need and give you control.

Validations

Capture, Validate & Approve

Tax numbers, banking information, addresses, proof of insurance, certifications and more can be captured, validated, approved and transferred to your various procure-to-pay systems.

Integration 02

Integrate with ERPs

Operate in complex envirnoments, whether multiple regions, ERPs, business units or supplier types.

Comparison

Enforce P2P Policy

Enforce supplier-related policies and drive strategic initiatives than during supplier setup by leveraging the configurable business rules in the apex platform.

100% touchless solution for Supplier Onboarding

Get to know the single, central supplier hub for easy and efficient supplier management.

Supplier
Features

Experience a 100% touchless onboarding solution for 100% of your suppliers

The apexportal delivers a 100 percent touchless alternative to time-consuming and error-prone manual onboarding processes. Your suppliers onboard themselves in their own language through a simple, elegant web page branded with your company’s logo.

Onboard

Faster Onboarding

Enable faster supplier onboarding with self-service, branded supplier portal​

Questionnaires

Pre-built Supplier Questionnaires

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

Validations

Real-Time Data Validation

Real-time data validation (tax, bank account, address, prohibited lists).

Integration 02

P2P Integration

Foundational agnostic technology to integrate with any P2P platform.

Workflows

Customized Workflows

Customized workflows to ensure compliance across supplier base​.

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Single Source Of Truth

Single source of truth (JDE, SAP Certified, Oracle Partner, WorkDay)

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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.

7x

faster average supplier onboarding
Independence Blue Cross Logo

“Game changing speed. We previously had a paper-based onboarding process and now we can do same day onboarding.”

Chuck Stefanosky, Supplier Diversity Director

53%

increase in supplier discounts taken annually
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“apexanalytix has exponentially changed our whole supplier onboarding process.”

Amy Platis, Director of Finance
Resources

Want to learn more?

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

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Webinars

AI Makes Supplier Management Touchless at Independence Blue Cross

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Webinars

End-to-End Supplier Management

The-2023-Gartner-Market-Guide-for-Supplier-Risk-Management-Solutions
Reports

The 2023 Gartner® Market Guide for Supplier Risk Management Solutions

Ready to Roar?

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

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