📊 Client Challenge
A top-tier banking client using Apex Analytix's supplier management platform faced low supplier engagement,
with only 17% of vendors logging in weekly, leading to missed early payment discounts and inaccurate cost forecasting.
Suppliers were unaware of available incentives, resulting in delayed transactions and lost cost savings.
💡 Data-Driven Solution
We implemented AI-powered supplier engagement campaigns using:
- ✅ Targeted email & SMS reminders for early-payment discount opportunities.
- ✅ Automated cost insights, notifying suppliers of real-time financial benefits.
- ✅ Custom discount structures, incentivizing high-value vendors to participate.
📈 Business Impact
- ✅ 23% increase in supplier discount adoption, unlocking new cost savings.
- ✅ 88% re-engagement of inactive suppliers, improving payment cycle efficiency.
- ✅ Higher forecast accuracy, reducing financial unpredictability.
- ✅ Stronger supplier relationships, leading to better contract renewals.
🏆 Competitive Differentiation
Unlike traditional supplier portals, which rely on passive logins,
this solution proactively engages vendors, ensuring higher financial returns for banking institutions.