Case Study: Largest Defense Systems Provider achieves immediate ROI and continuous protection with apexanalytix

Global Defense Industry Adopting continuous protection software for an immediate ROI

One of the world’s largest defense systems providers, with more than 100,000 employees and customers in more than 100 countries, needed greater efficiency in its UK-based Finance Shared Services operation. The team wanted continuous protection against duplicate payments and fraud, plus better tools for supplier communication and performance analysis. To meet these needs, the company turned to apexanalytix and its firststrike and apexportal solutions.

apexanalytix implemented a three-part solution: firststrike AP Controls for duplicate-payment prevention and analytics, firststrike Fraud Detect for monitoring vendor and employee data against invoice activity, and apexportal for supplier self-service access to invoice and payment status. The results were immediate, including full ROI within two days by recovering three duplicate payments, identification of more than 1,800 potential duplicate payments from the prior two years, faster vendor self-service adoption within 24 hours, and improved supplier relationships, reporting, controls, and finance visibility.