New Software Release from APEX Analytix(R) Helps Companies Safeguard Disbursements and Improve Their Profitability

GREENSBORO, N.C., Feb. 15 /PRNewswire/ -- Today APEX Analytix® is launching a new release of its industry-leading FirstStrike® software to help cash-strapped companies improve their profitability.  The new software enables firms to identify new operating efficiencies and better safeguard their accounts payable disbursements.

APEX Analytix® is a leading provider of services and software for performance improvement, error prevention and fraud detection across the procure-to-pay cycle serving more than a third of the Fortune 100.  The company's FirstStrike® platform monitors billions in annual disbursements for some of the world's largest corporations – preventing more than $2 billion in overpayments to date.  

Release 9.2 of FirstStrike® offers a broad range of enhancements that make it easier than ever for companies to improve invoice and payment efficiency, prevent duplicate payments and fraud, ensure compliance with contract prices and discounts, analyze procurement card and tax data, manage cash flow and clean up master vendor files.

"We've collaborated closely with our clients to make certain our software addresses the challenges they encounter each day," says Steve Yurko, CEO of APEX Analytix®.  "We give them the data they need for global financial governance and help them operate more efficiently and effectively in today's challenging economy.  Simply put, this means FirstStrike® users will have better controls, insight, protection, visibility and understanding of their operations."

To enable these benefits, FirstStrike® 9.2 includes dozens of new features and capabilities.  Among them are:

• Visual prompts that make it simple to review and interpret transaction data and to spot significant trends that can impact a company's bottom line.
• Enhanced vendor profiles and reports that are populated automatically with detailed data on potential fraud risks.
• Expanded value-added tax reporting and compliance monitoring to benefit companies with broad global operations.
• Improved tracking of duplicate payment claims that makes it easier to monitor how and when claims are resolved.
• New graphs that enable easier monitoring of electronic invoice statistics.  
• Expanded global selection options that make it simple to access procure to pay performance data.
• Built-in audit logs that enable companies to better manage their FirstStrike® resources by tracking changes made to editable fields and reports.

FirstStrike® software is supported by the company's comprehensive team of procure to pay specialist, expert software engineers, forensic accountants and certified fraud examiners.  

About APEX Analytix®

APEX Analytix® is a solutions company that maximizes a client's profitability by delivering innovative service and technology solutions that safeguard disbursements globally. The company has transformed the audit recovery industry with FirstStrike®, a highly functional family of standards-based software that detects and prevents both errors and fraud and improves performance across the procure-to-pay process.  For more information, call 800.284.4522 or visit www.apexanalytix.com.

SOURCE APEX Analytix