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APEX Analytix Makes Significant Enhancements to its IndustryLeading Accounts Payable and Purchasing Platforms
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FirstStrike™ 7.1 adds more than 50 operational features to help organizations maximize revenues and operate more efficiently GREENSBORO, N.C. – February 12, 2008 – APEX Analytix, a leading provider
of audit recovery services and software for performance management, error prevention and fraud detection in the procure-to-pay cycle, today announced significant enhancements to its FirstStrike™ Accounts Payable and FirstStrike™ Purchasing platforms. More than 50 new operational features are now available to help companies maximize revenues and operate more efficiently. Release 7.1 of both platforms will be demonstrated this week during the National Association of Procurement and Payables conference in Marina Del Rey, Calif. “The software enhancements introduced today were developed in close collaboration with corporate clients around the globe,” said Michael Lustig, CEO of APEX Analytix. “We’re giving them the tools they need to protect their hard-earned revenues by operating more efficiently and reducing their risk of errors and fraud.” The FirstStrike™ software family leads the industry in the detection and prevention of errors in accounts payable and procurement. To date it has saved businesses more than $1.5 billion in overpayments. With the introduction of Release 7.1, both FirstStrike™ Accounts Payable and FirstStrike™ Purchasing now include:
Integrated fraud detection FirstStrike™ Fraud Detect, formerly available only as a standalone application, now can be seamlessly integrated into both platforms. As a result, companies can easily access the most comprehensive package of disbursement fraud detection capabilities on the market – protecting against scams, shell companies, collusion, misallocation of funds and other fraudulent activities. Integrated metrics dashboard A FirstStrike™ Decision Metrics dashboard puts performance metrics front and center. It works seamlessly across multiple systems and software so companies will have a unified view of their operations – supporting strategic decision-making and improved internal controls. Among the many platform-specific enhancements to FirstStrike™ Accounts Payable and FirstStrike™ Purchasing are: For Accounts Payable
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Purchase order and outlier analysis reports that highlight pricing anomalies. Cash discount trend monitoring to identify overpayments and evaluate supplier performance. Use tax exemption monitoring to ensure taxes aren’t paid on duplicate payments. For Purchasing
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Master parts groupings to determine whether negotiated prices are accurately applied. Quantity pricing analyses to support strategic sourcing initiatives. Easy loading of general ledger, business unit, cost center and commodity code tables to enable enterprise spend analyses. New tools that allow international firms to track and report value added tax claims. Both platforms offer flexible deployment options. Companies can purchase the
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software outright, access it over the Web as a managed service or schedule an APEX Analytix audit using FirstStrike™ software as a tool. FirstStrike™ Accounts Payable 7.1 and FirstStrike™ Purchasing 7.1 are now available globally. About APEX Analytix Founded in 1988, APEX Analytix is an innovative audit recovery firm serving more than a third of the Fortune 100. The company has transformed the audit recovery
industry with FirstStrike™, a highly functional family of standards-based software that detects and prevents both errors and fraud and improves performance across the procure-to-pay process. To date FirstStrike™ has saved businesses more than $1.5 billion in overpayments and is the most widely used software of its type. For more information call 800.284.4522 or visit www.apexanalytix.com.
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