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Challenge

"Business as usual" creates overpayments

Overpayments happen in the whole procure-to-pay cycle. It isn't just an AP problem.

300

%

Increase in duplicate payment recoveries because of an e-invoicing deployment.

After implementing a new e-invoicing solution, duplicate payments spiked when suppliers were figuring out the new system.

75

%

of total overpayments recovered in an AP audit are found in the vendor statement review.

Many of these overpayments originate outside of accounts payable.

23

%

Average value of a recovery audit lost every year it is delayed.

We analyzed $4.5 trillion in spend and discovered the cost of delaying your audit - you lose 23% for each year you wait.

Solution

apexanalytix is the largest commercial accounts payable recovery audit firm in the world.

We have been providing recovery to the Fortune 500 for 35 years and have over 200 recovery audits occurring at any given moment.

 

Our intelligent data allows us to predict which suppliers are most likely to have hidden credits and duplicate payments on their books based on constant analysis of trillions of dollars of client spend every year.

 

Plus, our global Shared Services centers connect with suppliers in their own language and during their business hours. This personal touch is reflected in our 9.4 Net Promoter Score. Our clients love us, and so do their suppliers.

Document,Management,Concept.,Business,Process,Workflow,Illustrating,Management,Approval,And
Features

Respect, better performance, and a better future state.

We maximize your company’s time while recovering every overpayment and providing you with a clear path to preventing overpayments in the future.

AI Modeling

Predictive Models

35 years of client audits and the largest supplier database in the industry - more than 250M supplier records - let us forecast the amount of recoveries and which suppliers they are likely to come from.

Data Extracts

Certified Data Extracts

Certified and automated data extracts for SAP, Oracle, Peoplesoft and other common ERPs save you and your IT team time.

Future State

Future State

Root cause analysis and a cross-functional corrective action workshop are parts of every audit. Learn exactly which processes cause overpayments, from software migrations to small mistakes like incorrect invoice coding.

Duplicate Payments

Duplicate Prevention

Duplicate prevention software, perfected by auditors and clients, prevents more of the $2 million per billion in duplicates that slip through normal ERP controls. Our software is continuously refined based on every audit we perform.

Supplier Comms

More Time With Suppliers

Maintain supplier relationships with effective and efficient communication from the AI and automation tools used by our team of expert audit, supplier relations, recovery and statement tools.

Intelligence Technology

AuditView

Stay up to date at each stage of your recovery audit and know when your input is needed to expedite claims.

Case Study

Earning client and supplier trust, recovering every overpayment.

"I was very skeptical of having somebody come in and talk to my suppliers. But the results were amazing. This was a professional approach. It was data-driven. The supplier community didn't balk, and most of all, our stakeholder community didn't balk. And they loved the money."

Gerard Cardillo, Chief Procurement Officer, Charles River Labs

Audit Services

Recover more when you expand scope.

Not all overpayments happen in procure-to-pay. There could be millions waiting to be added to your bottom line.

Learn More
Report

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 savings than ever.

Recovery

Unclaimed Property Asset Recovery

There's money out there for all your business entitities in states, counties, cities, agencies and even foreign governments. We can help you find it.

Tax Compliance

Sales and Use Tax / VAT Recovery Audit

Our comprehensive sales and use tax audits tame your complex tax challenges. Protect your bottom line and ensure that you pay only what you owe.

Duplicate Payments

Overpayment Prevention

Catch overpayments before they go out the door with the most powerful duplicate analytics and AI on the market

Media Card
Case Study

How General Mills Puts Cash on the Table with AP Reviews

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Related Products

Audit services are just the beginning

The value from a recovery audit paves the way to ultimate supplier management

SupplierMgmt_
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.

Learn More
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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 250M+ company golden records.

Learn More
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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.

Learn More
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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.

Learn More
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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.

View All Case Studies

$20M

Identified in duplicate payments and outstanding credits

Using Technology-Enabled Audit Services to Recover and Prevent Costly Losses

Global Food and Beverage
Read More

840K

invoices and 2,600 suppliers analyzed for overpayments

Using a Recovery Audit to Fuel Continuous Improvements

Healthcare
Read More
Resources

Want to learn more?

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

View All Resources
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Blog

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

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2024-Strategic-Initiative--Do-a-Recovery-Audit-and-See-Returns-in-a-Few-Weeks
Webinars

2024 Strategic Initiative? Do a Recovery Audit and See Returns in a Few Weeks

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Reports

5 Reasons Why a Recovery Audit Is More Important Now Than Ever Before

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Ready to Roar?

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

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