Greensboro, United States - 08-03-2021 (PR Distribution™) -
With SAP S/4HANA® integration, apexanalytix enables fully compliant supplier onboarding and management
Greensboro, NC — 8/3/21 — apexanalytix announced today that its best-in-class supplier onboarding and management solution apexportal® Proxy Supplier Registration is now available on SAP® Store, the online marketplace for SAP and partner offerings. Over 4.7 million suppliers use apexportal to onboard and manage their vendor profiles with the largest companies in the world.
Within three weeks, Proxy Supplier Registration can be deployed internally to validate supplier data against trusted data sources for fully compliant supplier onboarding. Businesses using SAP technology can then leverage apexportal’s SAP-certified integration with SAP S/4HANA® to create a bi-directional feed to their SAP instance for accurate supplier data.
“The best time to start managing suppliers is when they are onboarded,” said Walt Kristick, SVP, Applied and Advanced Technology at apexanalytix. “Critical data like tax ID and bank account information can be validated, payment terms enforced, risk and fraud checks completed, and insurance certificates collected – everything needed to ensure compliance. apexportal’s integration with SAP S/4HANA allows businesses that use SAP technologies to create this single point of control.”
apexportal Proxy Supplier Registration helps ensure that suppliers are fully compliant with three distinct features:
- Supplier onboarding based on industry leading preconfigured business rules so every supplier is vetted according to their regulatory or country requirements
- Validation of all critical data against 650+ trusted data sources, including bank account information, tax ID/VAT, addresses, diversity status, prohibited lists (FBI, OFAC), and more
- A bi-directional feed between apexportal and SAP S/4HANA to minimize manual data entry
apexportal Proxy Supplier Registration lays the foundation for companies to upgrade to the supplier-facing version with highly-configurable business rules and workflows tailored to a company’s specific business needs.
SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying and renewing more than 1,800 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.
apexanalytix is a partner in the SAP PartnerEdge® program. As such, it is empowered to build, market and sell software applications that supplement and build on SAP software and technology. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.
About apexanalytix
apexanalytix revolutionized recovery audit with advanced analytics and the introduction of firststrike overpayment and fraud prevention software. Today, apexanalytix also leads the world in supplier management innovation with apexportal and smartvm, now the most widely used supplier onboarding and compliant master data management solution in global procure to pay processes. With over 250 clients in the Fortune 500 and Global 2000, apexanalytix is dedicated to providing companies and their suppliers with the ultimate supplier management experience.
Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.
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Matthew Morookian
Senior Manager, Product Marketing
+1 (718) 974-3953
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Company Name: apexanalytix
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Website: https://www.apexanalytix.com/
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