Case Study: Global Air and Freight Services achieves $14M in audit recoveries with apexanalytix

Global Air and Freight Services Adopting a shared services model for greater efficiency and improved controls

Global Air and Freight Services, a multibillion-dollar package delivery organization operating in more than 200 countries and territories, faced challenges with multiple payment methods and disbursement systems that led to incorrect payments, currency conversion errors, accounting and reporting issues, missed discounts, and weak system safeguards. apexanalytix was brought in to help reduce risk exposure, consolidate processes, and improve controls.

apexanalytix decommissioned redundant payment systems and consolidated accounts payable processes and sites using shared-services principles, while also auditing payables systems, statements, and credit card transactions and analyzing historical trends. The effort produced $14 million in audit recoveries, improved efficiency by aligning payables resources, and helped protect important vendor relationships throughout the recovery process.