Case Study: a top 10 global financial services firm prevents over $20 million in overpayments with apexanalytix

Top 10 Global Financial Services Firm prevents over $20 million in overpayments with apexanalytix

A top 10 global financial services firm faced significant challenges in managing supplier and intracompany payments across its global operations. With over 60 countries using multiple ERP systems and manual controls, the firm was reactive to payment discrepancies and fraud. Their process for consolidating reports from various locations and currencies was highly manual, time-consuming, and prone to hidden errors. To address this, the firm partnered with apexanalytix.

apexanalytix implemented its firststrike® solution to proactively identify and prevent overpayments before they were made. This provided the financial services firm with consolidated global reporting, automated currency conversion, and tightened controls. As a result, apexanalytix helped the company prevent or recover over 500 overpayments totaling over $20 million in just 12 months, while also saving the team many hours of manual effort.