Case Study: Global Engineering Services Company prevents overpayments and fraud with apexanalytix

Global Engineering Using analytics to prevent overpayments and fraud

Global Engineering Services Company, a global electronics and electrical engineering powerhouse, needed a better way to prevent overpayment errors and fraud across its North American shared services operations. With 80,000 vendors and more than $20 billion in annual disbursements, the company turned to apexanalytix and its firststrike® software to bring more control and visibility to high-volume financial processes.

Apexanalytix implemented firststrike to analyze transaction data from the ERP, credit card, and travel and expense systems, flagging suspicious activity, ranking fraud risks, and supporting investigators with detailed reports. The results included recovery of over $2 million in historical overpayments, dramatic reduction in duplicate payments, and an audit finding only three missed duplicates totaling less than $10,000 across $20 billion in disbursements, along with added fraud checks, improved cash management, and stronger sourcing decisions.