Case Study: Largest Transportation Retailing Company achieves $180M+ in recoveries with apexanalytix

Global Retail Driving down fraud and other supplier risks

Largest Transportation Retailing Company, a multinational automotive manufacturer, needed help auditing supplier payments and recovering overpayments in its North America division. The company relied heavily on evaluated receipts settlements (ERS) rather than invoices, and it wanted an experienced partner to verify pricing compliance, identify missed credits and overpayments, and improve process controls. Vendor name: apexanalytix.

apexanalytix implemented a resident team of audit experts on-site, using its firststrike® technology to monitor ERS transactions, review pricing compliance, mine electronic records, and ensure accurate payments. The engagement recovered more than $180 million over nine years, including about $30 million in the most recent year, while analyzing nearly 12 million invoices and reviewing nearly 7,200 suppliers. apexanalytix also identified root causes, recommended control improvements, and provided benchmarking and risk analysis to strengthen the customer’s ongoing performance.