ATLANTA, Feb. 27, 2017 (GLOBE NEWSWIRE) — PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery Audit and Analytics services, today announced it has launched its PRGX OPTIX™ suite of analytics tools globally. The PRGX OPTIX suite facilitates Source-To-Pay (S2P) business decisions through actionable, data-enabled insights that are delivered through four primary modules – Product, Payment, Spend and Supplier. Each of these modules is powered by the core PRGX OPTIX platform that provides the ability to process and visualize S2P data delivered via a SaaS interface. The Product, Payment, Spend, and Supplier modules are available now on a subscription basis.
“We are excited to offer PRGX OPTIX to businesses looking for actionable insights from their S2P data. Data is the common thread within all complex enterprises. Our goal is to transform the way enterprises look at their S2P data by leveraging the PRGX OPTIX platform to deliver real-time and actionable insights supporting finance, procurement, supply chain and merchandising,” said Ron Stewart, PRGX president and chief executive officer.
The new PRGX OPTIX suite is built on a robust technology platform used to process and visualize data. This platform leverages the same secure technology infrastructure that houses over six petabytes of S2P data and that is used to drive data delivery for all of PRGX’s global clients. To learn more about PRGX OPTIX and schedule a demo, please visit: https://www.prgx.com/optix.
PRGX Global, Inc. is a global leader in Recovery Audit and Spend Analytics services. With over 1,400 employees, the Company serves clients in more than 30 countries and provides its services to 75% of the top 20 global retailers and over 20% of the top 50 companies in the Fortune 500. PRGX delivers more than $1 billion in cash flow improvement for its clients each year. The creator of the recovery audit industry more than 40 years ago, PRGX continues to innovate through technology and expanded service offerings. In addition to Recovery Audit, the Company provides Contract Compliance, Spend Analytics and Supplier Information Management services to improve clients’ financial performance and manage risk. For additional information on PRGX, please visit www.prgx.com
In addition to historical information, this press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include both implied and express statements regarding the anticipated benefits from the Lavante acquisition, the Company’s overall condition and growth prospects, the Company’s execution of its transformation strategy, the Company’s investments in, and opportunities associated with, its growth platforms, including its supplier information services business. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the historical results or from any results expressed or implied by such forward-looking statements. Risks that could affect the Company’s future performance include revenue that does not meet expectations or justify costs incurred, the Company’s ability to develop material sources of new revenue in addition to revenue from its core recovery audit services, changes in the market for the Company’s services, the Company’s ability to retain and attract qualified personnel, the Company’s ability to integrate recent and future acquisitions, the Company’s ability to integrate the Lavante acquisition, uncertainty in the credit markets, the Company’s ability to maintain compliance with its financial covenants, client bankruptcies, loss of major clients, and other risks generally applicable to the Company’s business. For a discussion of other risk factors that may impact the Company’s business, please see the Company’s filings with the Securities and Exchange Commission, including its Form 10-K filed on March 15, 2016. The Company disclaims any obligation or duty to update or modify these forward-looking statements.