Maximize New Profit Opportunities Across Contracts and Spend
ENHANCE MARGINS, VENDOR MANAGEMENT & CONTRACT PERFORMANCE
Today’s retailers operate in a complex environment with vast numbers of vendors, stock inventory, and transactions. Effective contract management delivers optimal pricing and promotional funding terms while tracking vendors to improve compliance and performance. To get it right can be worth millions in additional margin for the business.
PRGX is the global leader in retail merchandise profit recovery, contract management, and data intelligence.
At our Grocery Center of Excellence and Retail Center of Excellence, our experienced audit teams collaborate closely with many of the world’s largest grocery and retail enterprises to improve processes, ensure contract compliance, recover lost cash, and enhance supplier relationships. Plus, many of those clients leverage our software solutions to empower their internal teams.
With our deep industry expertise and advanced technology, we identify and address financial inefficiencies, providing actionable insights that support growth and drive profitability. With PRGX, you gain a strategic partner committed to optimizing your financial operations and fostering sustainable success.
OUR GLOBAL PARTNERS INCLUDE
PRGX CONTRACT MANAGEMENT
Elevate compliance.
Optimize performance.
Continuously monitor.
Drive more profit innovation and avoid cash leakage across complex vendor networks with PRGX Contract Management, the only solution that blends decades of contract expertise with secure AI technology to ensure contracts are optimized and performing.
See how a fashion retailer saved over $2.9M with a Profit Recovery Audit that expanded to Contract Management Services.
Create smarter contracts built to drive profitability for your business.
INCREASE THE IMPACT ON YOUR BUSINESS
RETAIL & GROCERY MERCHANDISE PROFIT RECOVERY
With thousands of vendors, thousands of items in inventory, and millions of transactions – plus an everchanging web of pricing negotiations, promotions and service agreements – retailers face enormous challenges. Common errors such as missed discount accruals and duplicate payments can mean millions of dollars in hidden profit. PRGX unlocks answers to these questions: Did the supplier charge the contracted price? Were all rebates collected? We improve processes and recover money related to:
- Allowances
- Pricing
- Rebates
- Freight
- Rent/Leases
- Promotions
Discover how top retailers optimize profit recovery:
TRUE NET COST AND FUNDING INSIGHTTM
To help retail category managers, PRGX Funding Insight provides quick access to data-led insights across sales, costs, funding, and margin to improve category performance – informing strategic plans and supplier negotiations to reveal hidden margin growth opportunities.
The three key advantages of PRGX Funding Insight:
- A unified view of data for true net cost visibility
- Automate insights into supplier profitability and performance
- Supplier planning and negotiations
Read our retailer’s guide to true net cost visibility:
REVOLUTIONIZE DISPUTE MANAGEMENT WITH AI-POWERED SUPPLIER CONNECT
What if you could solve supplier disputes faster and build better supplier relationships, all while spending a lot less on repayments? Supplier Connect makes it easy. It’s a powerful platform that streamlines payment disputes and resolutions, bringing speed, transparency and accuracy to a process that usually costs more time and money than it’s worth. And by avoiding unnecessary repayments, you only pay what you should – up to 40% less than you’re paying now!
Discover the impact of effective supplier inquiry and dispute management, and how our AI-driven solution can transform your team’s performance.
Download our industry-leading insights on managing and resolving disputes.
“PRGX demonstrated a thoroughly professional approach, and the team was willing to go ‘the extra mile’ and worked long hours to respond to our requests.
PRGX’s data handling capability and analytical skill were confirmed to us very quickly following some initial discussions. Their detailed research and experience governed everything from the initial data request right through to each company-specific methodology and resulting calculations.”
VP of Finance – Top Global Retailer
PRGX IS REVOLUTIONIZING S2P WITH POWERFUL AI
PRGX Contract Management
Elevating Compliance. Optimizing Performance. Continuously Monitoring. AI is driving a new way to manage supplier contracts.
AI Duplicate Payment Detection
Case Study: Analyzed over 6,100 potential duplicates (matching on key indicators), leading to 122 duplicates identified and $630,000 saved profit
Document AI
Within our Panoptic audit platform, Document AI increases the velocity and breadth of the profit recovery while preserving strong supplier relationships
7 Petabytes of Data
PRGX processes and maintains over 7 petabytes of data each year on behalf of its 350+ global clients
How can we help you?
Uncover Profit, Unlock Value & Unleash Efficiencies in Your S2P Process
PRGX’s profit recovery services and data intelligence solutions help accounts payable and procurement teams gain visibility and insights into immediate cash recoveries and long-term cost savings.
“PRGX is a crucial partner that we rely on not only in execution but also helping us form strategy, making sure we’re taking the right direction with our program, and to hear what is happening in the industry and best practice.”
Procurement & Compliance Audit Director – Fortune 100 Company
