Greensboro, N.C. (PRWEB) May 05, 2014
Today APEX Analytix, a leading provider of services and software to safeguard disbursements, identify fraud and improve performance across the procure-to-pay cycle, announced it has been chosen to provide retail audit software to Publix Super Markets, the largest and fastest-growing employee-owned supermarket chain in the U.S.
Publix will use APEX Analytix FirstStrike® Retail, an application used to audit large volumes of data in high-transaction retail environments. Experience shows that internal recovery audit teams armed with FirstStrike are able to achieve far more recoveries in much less time.
Publix plans to use FirstStrike to audit hundreds of millions of warehouse and direct-to-store invoice records for pricing errors, store receiving errors and improper unfulfilled orders. Internal auditors will use the software to identify, write and administer claims and to generate detailed reports on transactions, claims and recovery status – all within the same application interface.
FirstStrike capitalizes on the experience APEX Analytix has gained working with many of the world’s largest retailers, enabling product developers to add specific features and functionality that benefit retail operations.
The application works by consolidating transaction data from a retailer’s internal systems and analyzing it using powerful algorithms. With automated tools at their fingertips, internal audit teams can find more recovery opportunities and reduce audit cycle time.
“Publix is one of the most respected grocers in the industry, and we’re delighted they’ve chosen to incorporate FirstStrike into their operations,” says Steve Yurko, CEO of APEX Analytix. “We’re eager to help their team audit more quickly and effectively and to do more with the data they uncover – improving processes, reducing costs and maximizing profitability in an industry where every penny counts.”
The APEX Analytix FirstStrike software licensed by Publix is expected to go live in June, 2014.
About APEX Analytix
APEX Analytix helps companies maximize their profitability and safeguard disbursements globally. Our innovative people, processes and FirstStrike® technology have transformed the audit recovery industry, saving our clients billions and making APEX Analytix a leading global provider of recovery audit, overpayment detection and risk analysis services. For more information, visit http://www.apexanalytix.com.