Case Study: The Mosaic Company recovers $1.8M in overpayments with apexanalytix

The Mosaic Company recovers $1.8M in overpayments with apexanalytix

The Mosaic Company, a global leader in crop nutrient production, sought to recover overpayments and credits that its internal accounts payable team could not efficiently identify due to the time-consuming nature of manual supplier statement reconciliation. To address this challenge, the company partnered with apexanalytix to utilize its specialized recovery audit service.

apexanalytix implemented its audit process, which included analyzing 2.5 million invoices and $19.5 billion in spend, and directly engaging with suppliers to uncover discrepancies. This solution identified 293 recoveries, resulting in $1.8 million returned directly to The Mosaic Company's bottom line. The audit also provided valuable insights into process weaknesses without requiring significant time commitment from the internal AP team.

The Mosaic Company