Case Study: Nationwide Restaurant Company improves supplier management and prevents duplicate payments with apexanalytix

Nationwide Restaurant Company prevents $7M in duplicate payments with apexanalytix

apexanalytix worked with Nationwide Restaurant Company, a nationwide restaurant operator, to address challenges stemming from its decentralized vendor setup process. With nearly 2,000 locations able to independently add suppliers, the manual, paper-based system led to inaccurate vendor data, including wrong addresses and tax IDs, which caused misdirected payments and potential fraud risks.

The solution involved implementing apexanalytix's supplier onboarding portal, which allows vendors to manage their own information through a secure, self-service site. This platform validates data in real-time against government sources. The results were significant, including the prevention of $7 million in duplicate payments since 2019, an average of $200,000 in early payment discounts per month, and the automatic modification of hundreds of vendor records monthly, greatly improving data accuracy and preventing fraud.