Payment Practices and Reporting

Stay in Compliance & Maximise Cash Flow

Spend Less Time Reporting & More Time Improving

For many companies, complying with new Payment Practices & Performance legislation requirements is a complex, labour-intensive exercise. The required data is frequently spread across many disparate systems, each with its own format and handling requirements. The work of extracting, rationalising and making sense of the data can be overwhelming and beyond the day-to-day capabilities or capacity of your team.

A big data solution, PRGX’s Payment Process Reporting solution significantly reduces the time required to prepare data for submission and eliminates the need to undertake a costly IT project. In addition to reporting for compliance, our solution uncovers critical information to help you benchmark, monitor and improve your payment practices, ultimately maximising cash flow.

 

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Everything You Need for an Efficient Duty to Report on Payment Practices & Performance Process

New Duty to Report on Payment Practices & Performance regulations create data challenges for many large companies. Invoicing data often resides in many disparate, disconnected ERP systems and can be fraught with inconsistencies and incomplete datasets. PRGX’s data experts can help you implement a sustainable and repeatable Payment Practices Reporting Solution with the key statistical metrics you need. Our SaaS-based tool aggregates and transforms your raw data to produce an accurate and timely report that’s ready for submission.

 

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Solutions Worth Talking About

PRGX’s understanding of the legislation, their 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.

PRGX governed everything from the initial data request, right through to the company-specific methodology and resulting calculations. It is clear that they offer a truly unrivaled solution for Payment Practices Reporting.

Mike Richards Financial Director Dixons Carphone

Bringing Clarity & Confidence to Duty to Report on Payment Practices & Performance

The Duty to Report on Payment Practices & Performance process can be unclear and complex. Our team of data specialists has expert knowledge of the legislation that governs the entire process, from data request through methodology and calculation. Let us bring clarity and confidence to your process.

 

Concerns and Solutions

 

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Ready to Get Started?

Now is the time to implement the big data solution that delivers efficient and accurate reporting to help you meet Duty to Report on Payment Practices & Performance regulations. Let one of our experts show you how easy it can be.

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