Case Study: General Mills achieves over $2 million in AP recoveries with apexanalytix

General Mills recovers over $2 million with apexanalytix AP reviews

General Mills, a global food company with strong internal controls, faced the challenge of identifying hard-to-detect payment errors and missed credits within its high-volume, complex accounts payable operations. Despite having a low error rate, the company partnered with apexanalytix and its audit and recovery services to maximize working capital and gain visibility into persistent financial leakage that bypassed its existing safeguards.

apexanalytix implemented a multi-layered solution featuring ongoing SAP optimization, internal reviews, a 90-day rolling statement audit, and an annual duplicate payment analysis. This strategy recovered over $2 million for General Mills, including $500,000 in duplicate payments and $1.75 million from statement audits. The results provided improved process insights and strengthened AP controls, ensuring ongoing working capital optimization.

General Mills