APEX Analytix® Partners with Basware to Offer the Most Robust End-to-End Procure-to-Pay Solution for Empowering the Global Financial Supply Chain

Greensboro, NC (April 19, 2016) -- APEX Analytix, an industry leader in auditing, recovering and optimizing profit and working capital in businesses’ global financial supply chains, has announced a partnership with Basware, a global leader in providing networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services.

APEX Analytix has seen great demand among procure-to-pay and shared services leaders for its enterprise resource planning (ERP) integrated and client-branded FirstStrike® Supplier Portal for global and multilingual supplier registration functions, supplier-initiated invoice inquiry and configurable dynamic discounting solutions. Seamlessly integrating the FirstStrike portal platform to other P2P automation solutions already in use is enabled through APEX Analytix’s configurable Secure Open Adapter.

The partnership with Basware will now allow companies to achieve an end-to-end e-invoicing, invoice inquiry, and accounts payable (AP) automated workflow solution that seamlessly works with APEX Analytix’s supplier portal modules, maximizes profit and efficiency, provides access to funding sources, and establishes a strong controls environment. APEX Analytix’s clients will have access to the Basware business commerce network, which connects more than one million companies across 100 countries, linked to more than 200 interoperability partners.

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According to Tehseen Dahya, Basware general manager, North America, APEX Analytix clients can expect a seamless integration between the APEX Analytix supplier registration solution and the Basware network. "Transmitting invoices over the Basware network is simple, an account can easily be accessed from the APEX Analytix portal. E-invoicing is a win-win for buyers and suppliers. Buyers benefit from increased visibility, efficiencies and control over invoices, while suppliers benefit from quicker invoice processing and potentially faster payment and improved cash flow," said Dahya.

"When you’re doing business internationally and interacting with hundreds of thousands of suppliers every day, all around the world, your P2P systems must be global. They must fully support international tax, regulatory, language, support, system availability and data security requirements," said Danny Thompson, APEX Analytix VP of software product management.

About Basware

Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. The company’s North American business, Basware, Inc., is headquartered in Stamford, Conn. Find out more at www.basware.com.

About APEX Analytix, LLC

Serving Global 1000 companies, APEX Analytix is the number one provider of services and technology solutions to audit, recover and prevent overpayments and optimize profits, while enabling a frictionless global financial supply chain. For more information about the organization’s products and services, visit www.apexanalytix.com.