APEX Analytix: Vendor Snapshot (Part 1) — Background and Solution Overview [PRO]

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If you were to pick a single procurement software category that is remaking itself from the inside out thanks to technology, the recovery audit market would be it. And one provider at the vanguard of this transformation is APEX Analytix. APEX Analytix, a Spend Matters Provider to Watch since 2015, is perhaps best known for its core accounts payables (AP) recovery audit business. But it is a broad-based procurement technology provider in its own right, offering a range of overpayment prevention and self-audit software, supplier information management and supplier portal solutions.

In this Spend Matters PRO Vendor Snapshot series, we will focus our analysis of APEX Analytix on its supplier management solution, which will be featured for the first time in the Q3 2018 Supplier Management SolutionMap. APEX Analytix’s solution, which is best-in-class when it comes to certain areas of financial information management and validations, deserves to be considered on a standalone basis.

This Spend Matters PRO analysis provides an overview of APEX Analytix, focusing on its supplier management solution capabilities. It provides facts and expert analysis to help procurement and finance organizations make informed decisions about whether they should explore APEX Analytix on a stand-alone basis in this area. Part 1 of our analysis provides a company background and detailed solution overview, as well as a summary recommended fit suggestion for when organizations should consider APEX Analytix. The remaining parts of this research brief will cover product strengths and weaknesses, competitor and SWOT analyses, and insider evaluation and selection considerations.

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