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Case Study:

20+ years in Partnership with a
Pioneering Pharmaceutical Company

This global pharmaceutical company has a major European presence, with our recovery audits managed on-site in their EU office for several years. Our partnership spans EMEA, North America and Asia Pacific.

 

Together, we have delivered $800m to the bottom line while preserving supplier relationships through automated mitigation of duplicate payments and a continuous rolling-window supplier statement review.

 

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An image, in the style of a pencil drawing, of pharmaceutical packaging

 

 

Financial outcomes:

$

800

m

Value delivered across 20+ years

28

% increase

EMEA recoveries in the 2023 audit cycle

$

600

m

Overpayments prevented with technology

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Auditing closer to the transaction makes sure that we recover all overpayments timely. And insights from apexanalytix give us the information on where to focus and how to fix the gaps in our procure-to-pay process.
Director, Global Process Owner – Invoice to Pay (major pharmaceutical company)