APEX Analytix Introduces Freight Compliance Audit Services.GREENSBORO, N.C. -- APEX apex (a´peks) pl. apexes, a´pices [L.] tip; the pointed end of a conical part; the top of a body, organ, or part.ap´ical apex of lung the rounded upper extremity of either lung. Analytix, the fastest growing provider of accounts payable software for error prevention and fraud detection, recovery audit services, and productivity and performance management solutions to the Fortune 500, announced that it now offers freight compliance audit services. APEX Analytix, whose client roster includes 29 of the country's Fortune 100 companies, has added this service in response to customer requests and needs. "As many of our clients become increasingly efficient using technology to capture duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. payments and other overpayments that can be flagged more quickly using software, we are expanding our audit services to areas where even more profits can be recovered in areas previously not reviewed. A comprehensive freight compliance audit can add substantially to the financial bottom lines of the multinational clients we serve," said Chief Executive Officer of APEX Analytix Michael Lustig. Every company that receives inbound in·bound 1 adj. Bound inward; incoming: inbound commuter traffic. Adj. 1. inbound shipments on a collect basis can benefit from a freight compliance audit. When that company is the one paying the bill for the freight charges, it is in its best interest to perform an audit of those shipments to ensure suppliers followed predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. . All suppliers have to manage several clients, each with a different set of shipping instructions. It is very easy for a supplier to apply the wrong set of shipping instructions to a shipment and simple human error can occur during the shipping process. Any time a supplier does not follow a company's unique set of shipping instructions, it forces that company to pay a higher than necessary freight bill. Some of the areas examined during a freight audit include: * Shipments that arrived freight collect, that should have arrived freight prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. * Backordered shipments that arrived collect, should have arrived freight prepaid * Merchandise that should have been combined for a lower freight bill * Using the wrong carrier * Using air services instead of ground services. * General misrouting APEX Analytix is continually expanding its service and software offerings based on emerging industries, technologies and the needs and requests of corporate America and the world. APEX Analytix now offers a full suite of auditing services and software including A/P A/P Airport A/P Accounts Payable A/P Advanced Placement (education) A/P Anterior/Posterior A/P Active/Passive A/P Assessment & Plan (medical) A/P Automatic Pilot A/P Aircrew Personnel audit, contract compliance audit, statement audit, sales and use tax Sales and use tax refers to:
"As with all our services, we are already beginning to identify the processes involved in conducting a freight compliance audit with the intent of automating those functions that can be offered within our FirstStrike[TM] Suite of automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. overpayment o·ver·pay v. o·ver·paid , o·ver·pay·ing, o·ver·pays v.tr. 1. To pay (a party) too much. 2. To pay an amount in excess of (a sum due). v.intr. To pay too much. detection software," said APEX Analytix President Jim Arnold. "Our objective is for companies to become as independent as possible in conducting efficient and timely reviews of their payments for potential overpayments and fraud," said Jim. As part of the company's APEX Expert webinar series, APEX Analytix is hosting a Freight Compliance webinar on Thursday, February 1 at 11 a.m. E.S.T. To register for this webinar send an email to mzachow@apexanalytix.com. About Apex Analytix APEX Analytix, founded in 1988, started as an A/P recovery audit services provider and soon transformed the industry with the first standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. , highly functional software solution for the identification and prevention of A/P errors. The company has over 35 software installations - more than any provider of A/P recovery audit services and prevention software. The software has prevented more than $1 billion in overpayments. APEX Analytix serves 29 of the Fortune 100 and has 110 active software and service clients. For more information call 1-800-284-4522, or visit www.apexanalytix.com. |
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