APEX Analytix.(FRAUD DETECTION)(Brief article)

Financial Executive, April, 2008

APEX Analytix, a leading provider of audit recovery services and software for performance management, error prevention and fraud detection in the procure-to-pay cycle, has released enhanced versions of its Vendor Risk Analysis services and FirstStrike[TM] Fraud Detect software.

To help companies stem their losses, Greensboro, N.C.-based APEX Analytix offers enhanced Vendor Risk Analysis services that combine a manual evaluation by trained fraud prevention forensic analysts with the use of sophisticated software to flag high-risk transactions and vendors. Once potential problems are detected, auditors review documentation, public and proprietary databases and other resources to identify both fraudulent vendors and employees who sidestep internal controls....

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