APEX Analytix Establishes Alliance With Visual Risk IQ

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APEX Analytix has announced an alliance agreement with the consulting firm Visual Risk IQ. Under the terms of the agreement, Visual Risk IQ will now represent APEX Analytix's recovery audit and fraud detection services, as well as its industry-leading FirstStrike™ software for continuous monitoring of accounts payable for errors and fraud.

APEX Analytix, a leading provider of services and software for performance improvement, error prevention and fraud detection in accounts payable, today announced a new alliance agreement with Visual Risk IQ, a consulting and systems integration firm specializing in risk advisory services for large global businesses.

Under the terms of the agreement, Visual Risk IQ now will represent APEX Analytix recovery audit and fraud detection services, as well as the company's industry-leading FirstStrike™ software for continuous monitoring of accounts payable for errors and fraud.

"APEX Analytix offers best-in-class people and technology, backed by a solid 20-year track record," said Joe Oringel, managing director, Visual Risk IQ. "As a result, we now can offer our clients an innovative combination of software and services that can help them meet even their most aggressive governance, risk and compliance objectives."

The APEX Analytix FirstStrike™ software family helps companies protect their bottom line. FirstStrikeTM Fraud Detect provides the continuous monitoring companies need to fight fraud in accounts payable disbursements. FirstStrike™ Accounts Payable and FirstStrike™ Purchasing automate the detection and prevention of errors in accounts payable and procurement. APEX Analytix also provides a broad range of recovery audit and vendor risk analysis services through its team of certified auditors and fraud examiners.

Visual Risk IQ specializes in helping companies plan and implement continuous, auditing and monitoring solutions that help them achieve their specific business objectives through increased frequency and depth of risk and control analysis. The company works with a variety of Fortune 1000 firms across a broad range of industry sectors.

"Visual Risk IQ is a great fit for us," said Chris Siemasko, vice president of product management for APEX Analytix. "They are widely recognized as thought leaders in risk analysis, and they share our belief in the value of continuous monitoring to improve internal controls. We see them leading the evolution in this emerging market through advisory services, educational seminars and a proprietary maturity model that helps clients turn their strategic vision of the future into a reality."

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 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. To date FirstStrike™ has saved businesses more than $1.5 billion in overpayments and is the most widely used software of its type. For more information call 800.284.4522 or visit http://www.apexanalytix.com.

About Visual Risk IQ
Visual Risk IQ helps people responsible for governance, risk and compliance achieve their compliance and business performance objectives through practical application of process changes and innovative technologies. The company provides value for clients using a combination of experienced-based learning and co-sourcing projects, satisfying current requirements in the context of a future vision. For more information on Visual Risk IQ, visit http://www.visualriskiq.com.

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Linda Edgerton
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