Novus Analytics

Name

Novus Analytics

Legal name

Novus Analytics

Website

https://novusanalytics.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Accounts Payable Audit & Recovery

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Collection Agencies (56144), Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Record-to-Report (R2R) Operations (End-to-End Accounting Ops, Statutory Pack Support) (BPAAAGAL)

Keywords

• Audit recovery services
• Accounts payable analytics
• Vendor payment recovery
• Duplicate payment detection
• Payment monitoring software

Headquarters

HQ city

Palm Harbor

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Contingency-Based Audit Recovery: Traditional audit recovery services where fees are charged as a percentage (approximately 19%) of successfully recovered funds. No upfront costs or fees if no recovery is made. This is the primary revenue stream, representing the majority of company business.
2. Novus 360 Subscription: Real-time payment monitoring and prevention software subscription. Clients pay for continuous 24/7 protection against payment errors, with implementation, configuration, and ongoing monitoring services. Pricing based on annual subscription model.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Novus Analytics is a specialized audit recovery firm that analyzes Fortune 1000 enterprises' accounts payable data using proprietary AI-powered forensic software to identify and recover lost vendor overpayments, duplicate payments, missed credits, and pricing errors. The company offers a core contingency-based audit recovery service and a complementary real-time payment monitoring platform (Novus 360) that prevents payment errors before they occur. Both offerings integrate with client ERP systems including SAP, Oracle, and Workday.

Product overview

Novus Analytics offers a unified accounts payable analytics and recovery platform comprising two integrated products: (1) the core Audit Recovery Service, a reactive offering that analyzes historical vendor payment data through a 7-step process to identify and recover overpayments within 60-120 days, and (2) Novus 360, a proactive real-time payment monitoring add-on that continuously scans ERP transactions to prevent payment errors before they occur. Both products leverage the same proprietary forensic software analyzing 30+ data permutations and integrate with client ERP systems (SAP, Oracle, Workday). The company operates on a contingency fee model, only charging clients when funds are successfully recovered.

Differentiator

Problem solved

Functional benefit

Brands

• Novus 360: Real-time payment monitoring and prevention software that provides 24/7 surveillance of payment transactions, duplicate detection, instant alerts, and automated payment blocking to prevent payment errors before they occur.

Products and services

• Novus Analytics Audit Recovery A specialized audit recovery service that analyzes vendor payment data to identify and recover lost overpayments, duplicate payments, and missed vendor credits for Fortune 1000 enterprises. Operates on a contingency fee basis with no upfront cost and delivers results in 60-120 days.
• Novus 360 A real-time payment monitoring and prevention platform that continuously scans ERP payment data to detect and block duplicate payments, vendor overcharges, and contract violations before they occur, preventing losses rather than recovering them after the fact.

Quantifiable outcome

• $70M+ total recovered for clients
• +6 more outcomes

Named customers5 records

Segments8 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature4 records

Scale indicators6 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• A/P Recovery (formerly Loder Drew): Direct competitor in AP audit recovery; COO John Langton's prior firm that he left to co-found Novus, indicating identical service delivery, customer base, and revenue model.
• PRGX Global: Long-standing recovery audit and data analytics firm serving large enterprises; operates the same vendor payment recovery audit model with contingency-based fees that Novus competes against in Fortune 1000 procurement cycles.
• Cost Recovery Solutions: Boutique recovery audit firm specializing in vendor overpayment recovery for mid-to-large enterprises; directly competes with Novus in contingent AP audit engagements.
• Triage Consulting Group: Recovery audit and profit improvement consultancy focused on Fortune 1000 clients; offers the same contingency-based duplicate payment and vendor overcharge recovery services targeted at CFOs.

Broad incumbents

• Alvarez & Marsal: Global professional services firm with a dedicated recovery audit and contract compliance practice serving the same Fortune 1000 CFO buyer; competes as a broader portfolio offering rather than a specialist.
• Huron Consulting Group: Large advisory firm with finance & accounting consulting including recovery audit and AP optimization practices; competes with Novus on enterprise procurement but as part of a wider consulting portfolio.
• EY-Parthenon (Recovery Audit): Big Four recovery audit practice bundling AP recovery into broader finance transformation mandates; competes with Novus on Fortune 1000 RFPs but as part of multi-workstream engagements.

Emerging players

• Bottomline Technologies: Payments and AP automation vendor whose spend management and fraud detection capabilities increasingly compete with Novus 360's real-time payment monitoring use case inside enterprise finance organizations.
• Datavail: AP-focused managed services and automation firm working inside SAP, Oracle, and Workday environments; addresses overlapping use cases in AP accuracy and ERP-side payment error reduction.
• BlackLine: Cloud-based financial close and account reconciliation platform that increasingly extends into AP automation and continuous accounting; competes with Novus 360 in the prevention layer for enterprise finance teams.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/novusanalytics

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novus Analytics