apexanalytix Features

Use criteria to add or remove suppliers to/from approved lists.

Manage communications with suppliers on multiple channels such as phone or email.

Capture and maintain documents related to suppliers and their products or services.

Allows users to evaluate supplier performance using standard and custom KPIs.

Provide features to compare suppliers and choose the best option for various activities.

Identify potential issues and how they may impact relationships with suppliers.

Create and manage supplier profiles that include contact and pricing information.

Track history of all interactions and business transactions with suppliers.

Manage workflows and business processes for procurement.

Maintain a repository of content such as catalogs and other documents.

Define requisition rules for various types of procurement.

Identify and assess suppliers for different products and services.

Include features for procurement invoicing and e-invoicing.

Consolidate information from multiple sources or multiple entities 11 reviewers of apexanalytix have provided feedback on this feature.

As reported in 11 apexanalytix reviews. Integrates with ERP systems general ledgers for transfering of AP transaction data

Provide benchmarking options for comparison with peers

Deliver reports for compliance purposes

Analysis that identifies errors in AP processes such as duplicate payments, anomalies, and fraud 10 reviewers of apexanalytix have provided feedback on this feature.

Identify employees or suppliers that are more likely to commit fraud.

Allow suppliers to submit invoices using an online portal

Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems

Automates the review of multiple types of financial transactions such as invoices, expenses, and contracts.

Determine potential financial risks such as fraud and price violations.

Align with internal policies and financial regulations to ensure compliance.

Analyze financial transactions and documents in multiple languages and currencies.

Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims

Detects and prevents a wide range of overpayment errors

Detects and prevents a wide range of duplicate payments

Scores suppliers and employees based on risk factors

Identifies and recoups funds and prevents errors from happening again

Offers reporting to aid in minimizing future lost profits and process breakdown

Approve, reject, or query historical payment transactions to identify anomalies

Recover overpayments, duplicate payments, or unused credits from suppliers 10 reviewers of apexanalytix have provided feedback on this feature.

Enables automatic checks of new vendors being set up in the system to combat potential billing schemes

Generates comprehensive data needed to conduct a thorough investigation

Provides continuous, proactive fraud monitoring across multiple systems and data formats

As reported in 10 apexanalytix reviews. Strengthens process controls by using analysis to proactively reduce errors before they happen and detect fraud risk

Users can assign scores to suppliers based on the estimated risk of doing business with them.

Utilize artificial intelligence to analyze third party risks.

Review vendor contracts and profiles to ensure compliance with regulation and internal policies.

Manage and enforce internal policies related to vendor risk management and controls.

Provide workflows to mitigate risk and escalate issues proactively.

Track vendor performance using supplier data such as a history of transactions and contracts.

Send alerts and notifications when corrective actions are needed to address supplier risk.

Perform ongoing due diligence activities to auto calculate overall risk for each vendor.

Include reporting templates for activities such as audits and vendor evaluation.

Consolidate data from multiple systems that manage supplier information.

Provide a 360 view of suppliers which can be shared with internal or external users.

Support various methodologies and frameworks for operational risk management such as ISO 31000 and COSO.

Ability to classify risks based on risk type, severity, and custom criteria.

Identify various risk factors such as the inadequate use of technology, human factor, or external risks.

Support business continuity plans through integrations with business continuity software, incident response, or controls planning

Reduce risk of legal liability through regulations and standards compliance.

Automates basic tasks and workflows utilizing AI.

Improves performance based on feedback and experience

Makes informed choices based on available data and objectives

Anticipates needs and offers suggestions without prompting

Ability to break down and plan multi-step processes

Makes informed choices based on available data and objectives

Anticipates needs and offers suggestions without prompting

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives