GREENSBORO, N.C., July 18 /PRNewswire/ -- APEX Analytix, the fastest growing provider of accounts payable (A/P) software for error prevention and fraud detection, recovery audit services, and productivity and performance management solutions to the Fortune 500, today announced the company has added 25 new clients to its roster during the first two quarters of calendar 2007.
Included are nine of the Fortune 100, three of the Fortune 500 and five of the Fortune 1000. The 25 companies are among the most innovative and fiscally responsible in the world, representing over a dozen industries. They include international leaders in the automotive, business services, chemical, communications, computer software, consumer goods, electronics, grocery, healthcare, insurance, manufacturing, pharmaceutical, pest control, retail and transportation industries.
According to a report(1) by the Aberdeen Group, a leading global research firm, today's most successful businesses use A/P and post-audit recovery as strategic tools that can have a major impact on their success.
The report states that accounts payable and post-audit recovery teams who invest in quality management and automation are in a unique position to help their companies achieve breakthrough performance. They can ensure compliance with financial accountability and reporting requirements mandated by Sarbanes- Oxley and make significant contributions to market competitiveness by reducing costs, eliminating inefficiencies and streamlining processes across the supply chain.
APEX Analytix currently serves 138 active clients, 47 of which use the company's pioneering A/P error prevention and fraud detection application - FirstStrike(TM). FirstStrike(TM) empowers organizations to enhance their internal controls and their compliance with Sarbanes-Oxley regulations.
About Apex Analytix
APEX Analytix, founded in 1988, started as an A/P recovery audit services provider and soon transformed the industry with the first standardized, highly functional software solution for the identification and prevention of A/P errors. The company has over 45 software installations - more than any provider of A/P recovery audit services and prevention software. The software has prevented more than $1.5 billion in overpayments. APEX Analytix serves 34 of the Fortune 100 and has 138 active software and service clients. For more information call 1-800-284-4522, or visit http://www.apexanalytix.com/.
(1) The Strategic Response of Payables and Post Audit Recovery to Corporate Challenges: The Invoice Reconciliation and Payment Business Value Research Series. March 2005. Jeff Pikulik. Aberdeen Group.
CONTACT:
Linda Edgerton
Linda Edgerton Communications
336.286.9211
ledgerton@triadbiz.rr.com
APEX Analytix
CONTACT: Linda Edgerton of Linda Edgerton Communications,
+1-336-286-9211, ledgerton@triadbiz.rr.com, for APEX Analytix
Web site: http://www.apexanalytix.com/
