Since 1988, APEX Analytix has provided recovery audit services and technological tools to large enterprises. Our operating philosophy is to be a “proactive” partner with our clients, freely sharing our approach and process, expertise and tools to assist their operations and improve overall efficiencies. Our experience with some fo the largest multinational companies in the world affords us a unique perspective of auditing best practices across many industries, which are then incorporated in the audit process.

In addition to recovery audit services, APEX Analytix focuses on savings opportunities throughout the procure-to-pay process, from purchase amounts to contract terms. Our proprietary technology allows our clients to capture 100% of their spend, gives one the capability to drill down to line item detail, provides a host of insightful management reports and all of this is done on a real time basis.

How we do it

APEX Analytix uses proprietary auditing software that gives our clients a competitive advantage. State of the art tools enable both comprehensive software driven audits and global sourcing initiatives, including identification of potential payment errors prior to remittance, sales tax and cash discount anomalies, vendor consolidation, tracking of vendor statements, monitoring claim status, targeted spend analyses, diversity analyses, monitoring of the audit and recovery process and contract compliance.

What it means to our clients

APEX Analytix focuses on four key areas that result in a high return to our clients. The first is maximizing recoveries and therefore, profits. The second is to share our perspective of accounts payable and auditing best practices for the procure-to-pay process within the Fortune 1000. The end result of employing best practices is a streamlined financial function that can react more quickly to changes in the marketplace and at a lower cost than the competition. The third is to offer our clients the supplier management analysis. Each of our client's spends $1 to $30 billion annually through as many as 200,000 vendors. Our innovative approach to supplier management has resulted in substantial savings by isolating redundant vendors and areas of purchasing leverage while providing a solid foundation for a contract compliance review. The fourth and perhaps most significant is by the use of our auditing software solutions. To our knowledge, APEX Analytix is the only recovery audit firm with a proven track record of offering technology solutions for the prevention of overpayments.

FirstStrike™ is a decision support tool designed to manage a financial shared services center, and support a global sourcing initiative. The capabilities are broad based, supporting accounts payable, auditing, tax and procurement. Today, FirstStrike™ is playing a key role with a number of Fortune 1000 clients in the areas of proactive overpayment prevention, ad hoc reporting, supplier inquiry and global sourcing. The concept of proactive overpayment prevention includes duplicate payments, pricing errors, improperly assessed sales tax, missed cash discounts and more.

UK Contact: Paul Anwyll: panwyll@apexanalytix.com

US Contact:  Helen Tueffel: htueffel@apexanalytix.com