Case Study: Global Food and Beverage Company triples overpayment recoveries with apexanalytix

Global Food and Beverage Tripling recoveries from overpayments and missed credits

Global Food and Beverage Company, a multinational manufacturer and marketer of well-known consumer food brands, needed better results from its accounts payable audit efforts. After its shared services center worked with another provider and felt the recovery results were falling short, the company turned to apexanalytix for a more comprehensive AP and statement audit.

apexanalytix used firststrike® software and predictive analytics to review more than 2.3 million invoices and target over 5,400 suppliers for statement review, starting with North American operations. The audit recovered $1.9 million in overpayments and missed credits—triple the prior provider’s recoveries—and identified key issues such as pricing discrepancies, duplicate payments, canceled contracts, inconsistent invoice coding, and duplicate overrides, leading to recommendations for future loss prevention and a follow-on global audit.