Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.
Protect your company’s reputation and revenue from the first time you engage with a supplier and throughout the supplier lifecycle.
Our purpose-built and configurable platform brings together everything your company needs to optimize your supply base.
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This large US health insurance provider uses an apexanalytix supplier onboarding solution to efficiently meet healthcare industry regulatory and compliance requirements.
This US health insurance provider has more than 4,500 employees who serve more than 3 million policyholders. The company has adopted an apexanalytix supplier onboarding solution that makes it easy to enforce the unique regulatory and compliance requirements of the healthcare industry.
Disjointed, paper-based onboarding processes were making it impossible for the insurer’s procure-to-pay team to respond to urgent onboarding requirements without compromising controls. It could take a month or more to validate critical data manually and to determine whether a supplier was a prohibited entity or on the CMS “do not pay” list. Executives also suspected their vendor master file was riddled with errors. They looked for a technology-based solution that could help them improve onboarding response times, cleanse vendor data, reduce risks, and respond to the healthcare industry’s unique and ever-changing compliance needs.
The insurer turned to apexanalytix for a HIPAA-compliant portal that would automate onboarding for 100 percent of its suppliers – providing the highly configurable controls needed for automatic data validation and policy enforcement. The team now benefits from an intelligent workflow, automated alerts and a comprehensive audit trail. Bi-directional integration with the insurer’s ERP eliminates rekeying, which preserves data integrity and impedes internal fraud.
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