Case Study: Global Food and Beverage recovers $20M+ with apexanalytix

Global Food and Beverage Using technology-enabled audit services to recover and prevent costly losses

Global Food and Beverage, a global firm selling popular food and beverage brands in more than 200 countries and territories, needed to extend third-party duplicate payment and recovery audit services beyond its two largest US business units. With multiple ERP platforms and configurations, the company sought a vendor with the technology, security, and global capability to improve controls and uncover the root causes of errors. apexanalytix was selected to support this complex global audit effort.

apexanalytix implemented a comprehensive duplicate payment and supplier statement audit across North America, Europe, Latin America and Mexico, Asia, the Middle East and North Africa. Within two months, the team delivered its first recoveries, and within one year identified more than $20 million in overpayments, including over $10 million in duplicate payments and over $10 million in outstanding credits. apexanalytix also uncovered unexpected recoveries from previously audited US divisions and isolated root causes such as pricing discrepancies, unused prepayments, product returns, cancelled invoices, and unclaimed property.