BARCELONA, Spain, May 20 /PRNewswire/ --

- Free survey shows companies how they rank against their peers

- Provides a roadmap for achieving best-in-class performance

(Shared Service Week 2008) - APEX Analytix, a leading provider of 
services and software for accounts payable and shared services 
organisations, today announced plans to introduce its popular benchmark of 
accounts payable best practices in Europe.

The APEX Analytix benchmark helps companies determine how their accounts
payable operations rank against their peers in the industry and provides them
with a roadmap for achieving best-in-class performance. Participation is free
and is typically limited to companies who process 250,000 or more invoices
each year.

"Our benchmark survey builds on nearly two decades of collaboration with
accounts payable and shared services teams from large global companies," said
Michael Lustig, CEO of APEX Analytix. "Now businesses in Europe will have a
way to quickly gauge how their operations stack up on a wide range of
parameters - from the size of their accounts payable staff to the
technologies they use. With the data we provide, they can begin to make
process improvements, reduce costs and achieve a competitive advantage in the
marketplace."

The APEX Analytix benchmark survey examines approximately 80 best
practices areas that significantly impact efficiency and profitability - from
infrastructure and metrics, to risk management and payable controls, to cash
management and automation. Participating organisations receive a confidential
report with personalised rankings for each category.

More than 90 firms participated in the last survey, including many of the
best-managed retail and goods and services organisations in the world and
early adopters of financial best practices.

APEX Analytix is extending its benchmark programme to Europe as part of
its growing commitment to the region. Two years ago the company opened a
European headquarters in Milton Keynes, Buckinghamshire in the United
Kingdom, and since that time has worked with some of the largest and most
prestigious organisations in Europe. It has added six new clients in Europe
during 2008 alone, four of them ranked among the Global 1000.

Companies wishing to participate in the free APEX Analytix benchmark of
accounts payable best practices should contact Jon Kohler, APEX Analytix vice
president of sales and marketing in Europe, at +44-1908-306270
(jkohler@apexanalytix.com).

About APEX Analytix

APEX Analytix is an innovative audit recovery firm serving more than a
third of the Fortune 100. The company has transformed the fraud detection and
audit recovery industry with FirstStrike(TM), a highly functional family of
standards-based software that detects and prevents both errors and fraud and
improves performance across the procure-to-pay process. To date
FirstStrike(TM) has saved businesses more than 970 million euro in
overpayments and is the most widely used software of its type. For more
information, call +44-1908-306270 or visit www.apexanalytix.eu
(+1-800-284-4522 or www.apexanalytix.com in the U.S.).

PRESS CONTACT:
    Linda Edgerton
    Linda Edgerton Communications
    +1-336-286-9211
    ledgerton@triadbiz.rr.com



Web site: http://www.apexanalytix.com