APEX Analytix Releases Newest Versions of FirstStrike(TM) Software.Leading Software for 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. Prevention Adds Usability Enhancements, Deal Tracking, and International Capabilities GREENSBORO, N.C. -- APEX Analytix, the fastest growing provider of accounts payable software for error prevention and fraud detection, recovery audit services, and procure-to-pay compliance solutions to the Fortune 500, today announced the release of the newest versions of the company's flagship software, FirstStrike. FirstStrike 6.3 and FirstStrike Retail 6.2 feature significant enhancements for the automated detection and recovery of overpayments and fraud for global shared services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. organizations. "Our latest research shows that enterprises have made improved audits one of their top four priorities selected by 31 percent of our respondents," stated Joe Basili, research director from Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. . "The ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). is compelling and enterprises have found value in using automation to proactively identify errors and fraud." FirstStrike 6.3 boasts robust international capabilities and pricing enhancements allowing users to quickly analyze multi-sourced products, products purchased in multiple currencies and products purchased in multiple units of measure. The software offers an enhanced Vendor Risk Analysis module providing detailed matching analysis for vendor listings against prison addresses, organizations prohibited by the Office of Foreign Assets Control The Office of Foreign Assets Control (OFAC) is an agency of the United States Department of the Treasury under the auspices of the Under Secretary of the Treasury for Terrorism and Financial Intelligence. OFAC administers and enforces economic and trade sanctions based on U. (OFAC OFAC Office of Foreign Assets Control (US Treasury) OFAC Ontario Farm Animal Council (Canada) OFAC Olmsted Falls Airport Committee OFAC Organic Fertilizer Association of California ) and company employees. FirstStrike Retail 6.2 features an intuitive, browser-based user interface which provides auditors, managers and executives enhanced access to application modules and actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. data. This latest interface further increases user work space and improves visibility of detailed reports, data and graphics. As part of the FirstStrike Continuous Monitoring System, the FirstStrike Retail 6.2 framework provides added support for implementing customized alerts to provide users with critical system information, including warnings and errors. FirstStrike captures and analyzes contracts and deals in order to validate transactional compliance and to detect and prevent overpayments, noncompliance noncompliance failure of the owner to follow instructions, particularly in administering medication as prescribed; a cause of a less than expected response to treatment. noncompliance and fraud. The newest version of FirstStrike Retail enables users to manually enter and track modified deals in the contract repository. FirstStrike Retail 6.2 users are able to schedule the execution of overpayment exception routines based on the timing of audit cycles. These functions provide greater flexibility, time savings and efficiency for users performing real-time audits. "APEX Analytix has more software installations than any provider of accounts payable recovery audit services and prevention software," said Jim Arnold, APEX Analytix president and founder. "Our clients are among the most innovative and fiscally responsible in the world and we are proud that our technology is directly contributing to their profit margins. Our objective with these new releases, is to continue to provide increasing value by empowering our existing and future clients to internally detect, recover and prevent accounts payable errors and fraud." About APEX Analytix APEX Analytix, founded in 1988, started as an 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 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 28 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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