BARCELONA, Spain, May 20 /PRNewswire/ --
- Free survey shows companies how they rank against their peers
- Provides a roadmap for achieving best-in-class performance
(Shared Service Week 2008) - APEX Analytix, a leading provider of services and software for accounts payable and shared services organisations, today announced plans to introduce its popular benchmark of accounts payable best practices in Europe.
The APEX Analytix benchmark helps companies determine how their accounts payable operations rank against their peers in the industry and provides them with a roadmap for achieving best-in-class performance. Participation is free and is typically limited to companies who process 250,000 or more invoices each year.
"Our benchmark survey builds on nearly two decades of collaboration with accounts payable and shared services teams from large global companies," said Michael Lustig, CEO of APEX Analytix. "Now businesses in Europe will have a way to quickly gauge how their operations stack up on a wide range of parameters - from the size of their accounts payable staff to the technologies they use. With the data we provide, they can begin to make process improvements, reduce costs and achieve a competitive advantage in the marketplace."
The APEX Analytix benchmark survey examines approximately 80 best practices areas that significantly impact efficiency and profitability - from infrastructure and metrics, to risk management and payable controls, to cash management and automation. Participating organisations receive a confidential report with personalised rankings for each category.
More than 90 firms participated in the last survey, including many of the best-managed retail and goods and services organisations in the world and early adopters of financial best practices.
APEX Analytix is extending its benchmark programme to Europe as part of its growing commitment to the region. Two years ago the company opened a European headquarters in Milton Keynes, Buckinghamshire in the United Kingdom, and since that time has worked with some of the largest and most prestigious organisations in Europe. It has added six new clients in Europe during 2008 alone, four of them ranked among the Global 1000.
Companies wishing to participate in the free APEX Analytix benchmark of accounts payable best practices should contact Jon Kohler, APEX Analytix vice president of sales and marketing in Europe, at +44-1908-306270 (jkohler@apexanalytix.com).
About APEX Analytix
APEX Analytix is an innovative audit recovery firm serving more than a third of the Fortune 100. The company has transformed the fraud detection and audit recovery industry with FirstStrike(TM), 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. To date FirstStrike(TM) has saved businesses more than 970 million euro in overpayments and is the most widely used software of its type. For more information, call +44-1908-306270 or visit www.apexanalytix.eu (+1-800-284-4522 or www.apexanalytix.com in the U.S.).
PRESS CONTACT: Linda Edgerton Linda Edgerton Communications +1-336-286-9211 ledgerton@triadbiz.rr.com
Web site: http://www.apexanalytix.com
Linda Edgerton of Linda Edgerton Communications, +1-336-286-9211, ledgerton@triadbiz.rr.com, for APEX Analytix
Comments