"This validation from the Spend Matters SolutionMap reinforces that our message is being recognized not only by the industry, but by our most important audience – our customers,” said Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at APEX Analytix.
GREENSBORO, N.C. (PRWEB) January 20, 2020
For the third consecutive quarter, APEX Analytix, the leader in optimizing global procure-to-pay processes for the world’s largest companies, has been recognized as the top solution for Supplier Relationship Management and Risk (SRM) by Spend Matters in its Q4 2019 SolutionMap for procurement technology. Based on its overall analyst and customer scores, APEX was named the top-scoring Value Leader across all five buying personas ranking most strongly in the Turn-key persona, which values pre-loaded capabilities and a defensible ROI.
Spend Matters analysts Michael Lamoureux and Jason Busch previously named APEX “a perfect match for customers who are primarily interested in data integrity, financial security, controls and fraud prevention.” APEX increased its platform configurability score this quarter with the release of the client-facing business rules configurator, which gives clients unprecedented power over segment-specific supplier journeys and ability to adjust based on changing company policy over time.
Additionally, APEX extended its supplier information management (SIM) capabilities offered through the self-service APEX Portal – a single, global dashboard that simplifies supplier onboarding and compliance management – to protect against payment fraud and risk of working with prohibited companies. Meaningful financial impact is derived from APEX Portal by enabling clients to manage every supplier, validate supplier data with APEX Analytix’s SmartVM® 650+ global government, regulatory and 3rd-party data sources, and seamlessly integrate with the client’s complete source-to-pay ecosystem.
“We are proud to continue to be recognized as the top Supplier Relationship Management and Risk solution,” said Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at APEX Analytix. “Our solution is designed to engage every supplier across the globe, no matter the journey or segment, to provide comprehensive control of suppliers. This validation from the Spend Matters SolutionMap reinforces that our message is being recognized not only by the industry, but by our most important audience – our customers.”
The Spend Matters SolutionMap was developed through the extensive evaluation of 59 procurement software companies in 12 solution categories using customer and analyst input. The five buying personas (Nimble, Deep, Configurator, Turn-Key and CIO-Friendly) provide guidance based on different organizational needs and the unique value propositions served by each solution provider.
This top rating comes on the heels of the APEX Portal increasing adoption to over 4 million suppliers in 2019 and obtaining SAP Certified Integration for S/4HANA to simplify system integration and migrations to the platforms of the future.
For more information about the APEX Portal and SmartVM®, visit: https://www.apexanalytix.com/portal.
About Spend Matters
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners Inc.
About APEX Analytix
APEX Analytix revolutionized recovery audit with advanced analytics and the introduction of FirstStrike® overpayment prevention software. Today, APEX Analytix leads the world in supplier management innovation with APEX Portal and SmartVM, the most popular supplier onboarding and compliant master data management solutions available. With over 250 clients in the Fortune 500 and Global 2000, APEX Analytix is dedicated to providing companies and their suppliers the ultimate supplier management experience. Learn more at http://www.apexanalytix.com.