May 28, 2017 3:20 AM ET

Software

Company Overview of APEX Analytix, LLC

Company Overview

APEX Analytix, LLC delivers audit services and technology to retail and commercial clients, and connects suppliers to customers worldwide. It offers FirstStrike, a software technology that enables to prevent overpayments to suppliers, identify risk and fraud, and automate supplier processes and communication; and SmartVM, a solution for cleansing, enriching, and monitoring and updating supplier information in real time. The company provides dynamic discounting and supply chain finance, fraud detection, overpayment prevention, procurement, reporting and analytics, retail audit software, spends analysis, supplier registration, and supplier portal solutions. It also offers services in the areas...

1501 Highwoods Boulevard

Suite 200-A

Greensboro, NC 27410-2047

United States

Founded in 1988

Phone:

336-272-4669

Fax:

336-387-1775

Key Executives for APEX Analytix, LLC

Chief Executive Officer
Chief Financial Officer
Chief Information Officer and Senior Vice President of Shared Services
Chief Technology Architect
Managing Director of European Operations
Compensation as of Fiscal Year 2016.

APEX Analytix, LLC Key Developments

APEX Analytix Continues Expansion with Opening of Hong Kong Office

APEX Analytix continues to expand its global presence with the opening of a new location in the heart of Kowloon eastern district, Hong Kong. The new office is the latest example of purposeful growth for the Greensboro, North Carolina-based company. The company will be bringing the same expertise to clients in the APAC region. The company’s new office is located at Suites 2701-3, 27 Floor, AXA Tower, Landmark East, 100 How Ming Street, Kwun Tong, Hong Kong.

A Well-Known Leader in Family Entertainment Implements FirstStrike® Global Supplier Portal from Apex Analytix® LLC

A well-known leader in family entertainment recently implemented the FirstStrike® global supplier portal from APEX Analytix® LLC. The portal allows suppliers throughout the world to check invoice status at any moment, negotiate for early payment options, and keep contact information current. The media & entertainment giant has been using APEX Analytix FirstStrike technology for protection against disbursement errors as well as FirstStrike® Fraud Detect for protection against fraud and other hidden risks since 1998.

APEX Analytix Announces Newest Release of FirstStrike SmartVM

APEX Analytix has announced its newest release of FirstStrike SmartVM, the most comprehensive solution for cleansing, enriching and dynamically monitoring and updating supplier information in real time. The SmartVM solution benefits companies by reducing overpayments, mitigating supplier risk and fraud, improving buying decisions, supporting working capital and cash management strategies, and by reducing the cost and risk of noncompliance. Just a few of the processes SmartVM conducts are standardization of name, global address and phone numbers, identification of duplicate records, validation of multinational tax and bank information, assignment of standard industry classification codes and risk scoring of vendors with more than 100 discrete analytical tests on vendor and invoice attributes (based on high-risk receipt or commodity, credit percentage, business risk, invoice patterns and employee/vendor match). Exclusive to the APEX Analytix SmartVM solution is the ongoing development and improvement of the supplier database through millions of interactions with Global 1,000 clients and their suppliers. In 2015 alone, APEX Analytix audited $2.6 trillion in spend, accessed and improved 7 million supplier contacts, completed 3 million calls and 700,000 conversations with suppliers, and sent 4 million communications to suppliers. Available as a one-time or continuous cleansing and enrichment service, SmartVM leverages all those interactions and uses a rules-based engine to integrate with any enterprise resource planning (ERP) system via APEX Analytix’s configurable Secure Open Adapter. Current clients of APEX Analytix—whether conducting a recovery audit, implementing FirstStrike Controls, Supplier Registration or Dynamic Discounting modules—have the foundation already in place for implementing SmartVM on demand.

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