Case Study: Global Holding Company reduces duplicate payments and fraud with apexanalytix

Global Holding Company Establishing overpayment and fraud controls across multiple systems

Global Holding Company, a private multinational firm with operations in about 60 countries and more than 100,000 employees, was struggling to control payments across multiple acquired ERP and payroll systems. As it moved to a new shared services model for accounts payable, the company needed better protection against duplicate payments and fraud after uncovering a significant case of employee fraud. It turned to apexanalytix and its firststrike® Fraud Detect and firststrike AP Controls solutions.

apexanalytix implemented a centralized monitoring approach that extracts and analyzes data from multiple systems daily, ranks fraud and duplicate-payment risks, and supports both pre-disbursement intervention and post-payment audits. The results included a 75% decrease in duplicate payments, a 20% increase in early payment discount capture, and an 80% reduction in third-party audit fees, along with improved spend visibility and process efficiencies.