Sigma Analytics

What Sigma Analytics does

Sigma Analytics is a US-based professional services firm, founded in August 2021 and headquartered in Orange County, California, that specializes in accounts payable optimization and cost recovery for Fortune 1000 enterprises. The firm was created by Greg Woods (25+ years in recovery auditing) and Don Voss (30+ years in enterprise sales, operations, and finance at Coca-Cola and Kimberly-Clark) and operates with a 1-10 person team. Its core offering is an Accounts Payable Cost Recovery Audit that uses proprietary analytical software to detect duplicate payments, missed discounts and rebates, credit memo discrepancies, and incorrect pricing within clients' procure-to-pay cycles, on the thesis that error rates in even well-run AP departments consistently run at .3% or above.

The company has expanded its product surface beyond the audit into a Payments-as-a-Service platform (TotalPay, powered by REPAY) that monetizes AP disbursements, plus add-on modules covering small package shipping/freight audits (UPS, FedEx, DHL, USPS) and supplier master file optimization including MWBE compliance and supplier consolidation. Its commercial model is performance-based contingency fees on recovered funds — Sigma only earns when clients do — supplemented by economics from the TotalPay program. The go-to-market is enterprise field sales targeting AP and finance departments, supported by direct inquiry, professional network referrals from the founders, and selective industry-association presence such as the Orange County Institute of Management Accountants. The firm holds no patents or trademarks, has not raised external capital, and has no disclosed named customers, making its commercial scale difficult to verify from public information.

Name

Sigma Analytics

Legal name

Sigma Analytics

Website

https://sigmaanalytics.biz

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Sigma Analytics is a US professional services firm that runs accounts payable cost recovery audits and a Payments-as-a-Service program (TotalPay via REPAY) for Fortune 1000 enterprises, recovering duplicate payments, missed discounts, and pricing errors on a contingency-fee basis.

Ownership category

akta.pro rank

Product category

Accounts Payable Recovery & Optimization Services

NAICS

Collection Agencies (56144)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Credit Counseling & Debt Management Plans (DMP) (FSAKAJAH)

Keywords

• Accounts payable recovery
• Cost recovery auditing
• Payment disbursement services
• Supplier master optimization
• Freight audit services

Headquarters

HQ city

Foothill Ranch

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Accounts Payable Cost Recovery Services: Performance-based professional services where Sigma Analytics identifies and recovers erroneous payments, duplicate payments, missed discounts and rebates from vendors on behalf of clients. The firm only makes money when its clients do, indicating a contingency or results-based fee structure.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Sigma Analytics is a professional services firm that provides accounts payable optimization and monetization services to Fortune 1000 enterprises. Its core offering is an AP Cost Recovery Audit that uses proprietary analytical software to identify and recover erroneous vendor payments (duplicate payments, missed discounts and rebates, credit memo discrepancies, incorrect pricing), sold on a contingency/performance-based fee structure where the firm only earns when the client recovers funds. The offering is delivered with a dedicated account manager and, for AP disbursement optimization, a Payments as a Service platform (TotalPay powered by REPAY) with complimentary implementation and an online portal.

Product overview

Sigma Analytics is a professional services firm that offers a unified accounts payable optimization platform combining cost recovery auditing and payment disbursement services. The core offering is the Accounts Payable Cost Recovery Audit, which uses proprietary analytical software to identify and recover erroneous payments. This is complemented by the Payments as a Service Platform (TotalPay powered by REPAY), which optimizes and monetizes AP disbursements. Additional services include Small Package Shipping Optimization and Freight Audits, as well as Supplier Master File Optimization. The company primarily serves Fortune 1000 clients with a performance-based pricing model.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounts Payable Cost Recovery Audit Performance-based AP recovery auditing service for Fortune 1000 enterprises. Uses Sigma's proprietary analytical software and audit specialists to analyze accounts payable transactions and recover duplicate payments, missed discounts and rebates, credit memo discrepancies, and incorrect pricing from vendors.
• Payments as a Service Platform (TotalPay, powered by REPAY) A B2B payments platform that enables enterprises to optimize and monetize their accounts payable disbursements, delivered through the TotalPay service (powered by REPAY) with complimentary implementation, an online portal, and a dedicated account manager.
• Small Package Shipping Optimization and Freight Audits Auditing and optimization service that analyzes shipping contracts, carrier usage, and services to optimize small-package and freight spend, specializing in UPS, FedEx, DHL, and USPS.
• Supplier Master File Optimization Vendor master file clean-up service that reduces duplicate payments, minimizes fraud opportunities, ensures MWBE compliance, and consolidates suppliers to improve payment terms.

Quantifiable outcome

• Error rates and incorrect payments in procure-to-pay cycle consistently run at .3% or above for even the best-run AP departments, representing recoverable funds.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered unclear and core.

• Strategic Partners (Logos Displayed)unclearOthersThe Partners page displays logos of affiliated companies but does not provide specific names or details about the nature of partnerships. Four partner logos are shown.
• REPAY (TotalPay)coreTechnology or IntegrationREPAY provides the TotalPay platform that powers Sigma Analytics' Payments as a Service program. This platform enables clients to optimize and monetize their accounts payable disbursements, with complimentary implementation, online portal, and dedicated account management.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• AvidXchange: AP automation fintech serving mid-market and enterprise with invoice/bill payment workflows. Overlaps with Sigma's Payments-as-a-Service layer and addresses the same AP modernization buyer.
• HighRadius: Large fintech offering AI-driven order-to-cash and AP automation platforms. Competes with Sigma's Payments-as-a-Service vision by embedding AP optimization and analytics natively into enterprise ERPs.
• Coupa: Broad spend management platform covering procurement, invoicing, and AP. Competes indirectly by enabling AP error reduction natively, reducing the recoverable error pool Sigma audits.
• SAP Ariba: Enterprise procurement and AP suite. Embeds supplier master, contract compliance, and AP workflows that compete with Sigma's audit-driven value proposition at the platform layer.
• Tipalti: AP automation platform covering invoice processing, supplier payments, and reconciliation. Provides an in-house alternative to Sigma's combination of audit and Payments-as-a-Service.

Emerging players

• ApprovalMax: Workflow-based AP approval and control automation for finance teams. Adjacent competitor addressing some of the same duplicate payment and control failures Sigma targets.
• Stampli: AI-powered AP automation and invoice management platform. Emerging competitor that addresses similar AP efficiency outcomes as Sigma, particularly for mid-market and enterprise AP teams.
• AuditBoard: Audit, risk, and compliance management platform. Adjacent to Sigma's AP audit/contract compliance value proposition, particularly for SOX/audit-aware enterprises.

Direct peers

• PRGX Global: Long-standing publicly-traded recovery audit and data analytics firm serving Fortune 1000 AP and procurement functions. Most direct head-to-head competitor for Sigma's recovery audit engagements.
• apexanalytix: Largest pure-play AP recovery audit and supplier management firm. Directly competes with Sigma Analytics on duplicate payment recovery, supplier master file optimization, and contract compliance for Fortune-class enterprises.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/sigma-analytics-fhr

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Sigma Analytics