MILTON KEYNES, England, March 8, 2011 /PRNewswire/ -- During this week's "Shared Services & Outsourcing" Conference in Krakow, Poland, experts from APEX Analytix will share best practices for identifying high-risk vendors and protecting a company's profits from fraud.

APEX Analytix is a leading global provider of services and software for performance improvement, error prevention and fraud detection in procure-to-pay. The company is sponsoring the March 9-10 event, which is produced by the Shared Services & Outsourcing Network.

"Fraud is a significant problem for today's corporations," said Albert Peynsaert, APEX Analytix managing director for Europe. "Fraudulent vendors can drain a company's profits and even damage its brand name. We plan to demonstrate ways to reduce fraud risks across the procure-to-pay cycle - from the time a vendor is set up to the time an invoice is paid."

At 11 a.m. Thursday, March 10, Jon Kohler, VP of sales and marketing, Europe, will deliver a presentation on fraud detection and will showcase FirstStrike(R) Fraud Detect, a software solution that identifies high-risk vendors and fraudulent transactions. Attendees visiting the APEX Analytix booth at the Sheraton Krakow Hotel will be offered a free, customized calculation of their organization's fraud risk.

FirstStrike(R) Fraud Detect is part of a broad suite of APEX Analytix software that has delivered more than $2 billion in documented savings to date. Clients often realize a total return on investment within days or weeks.

For more information on the event, visit: