PRGX
Using proprietary technology, we quickly and securely ingest large volumes of disparate, complex data that may be overwhelming to internal business teams into a single system. Layering in artificial intelligence, machine learning and data science, our Advanced Analytics team provides insight above and beyond what can be found in traditional source-to-pay audits – while identifying revenue-generating opportunities hidden deep inside your data.
Face These Challenges Head-On
Cash Flow Optimization
Business optimization and growth are contingent upon a steady stream of working capital to fund these initiatives. But for many, inefficient source-to-pay cycles and simply paying vendors too early are creating numerous missed opportunities to reinvest in your organization. Trust our analytical expertise to find and monetize these inefficiencies, creating short and long term opportunities to optimize your cash flow in areas including:
- Days payable outstanding (DPO)
- Days inventory outstanding (DIO)
- Days sales outstanding (DSO)
- Accounts payable transformation
Complex System Architecture
Various legacy systems that span many business units, geographies and locations become increasingly complex over time, ultimately creating numerous leaks in your source-to-pay data. Our in-depth analytics quickly and accurately pull together diverse data pools and systems to create strategies that identify opportunities, minimize risk and optimize the strength of your operations.
Inconsistent Spend Categorization
Spend visibility, categorization and normalization issues leave gaps in your processes and systems. Our proprietary big data infrastructure and spend classification technology efficiently closes these gaps, while providing actionable insights and remediation strategies regarding:
- Spend classification and vendor normalization
- Advanced category analytics
- Category wave planning and opportunity assessment
- Category strategy and tail spend planning
- Control of spend under management
- Long-term category playbooks
PRGX Solution Suite
- Recovery Audit
- Accounts Payable Recovery Audit
- Retail Merchandise Audit
- Contract Compliance
Technology-Enabled Platform
Protecting highly sensitive client data
We utilize a unique technology triad that enables our specialized teams to efficiently and securely perform a variety of audits – to help you uncover value in your processes. Our proprietary platform, the Verigon™ Solution Suite, rapidly takes in huge volumes of transaction data from accounting, ERP, procurement and other systems. Once captured and streamlined, data is housed in our Epiphany Data Foundation™- the foundation of our recovery audit, contract compliance and advanced analytics solutions. At the same time, enjoy complete visibility into the audit process and fund recovery via our Panoptic™ Compliance Audit Platform.
To help keep our client data secure, our technology maintains the privacy, integrity and controlled use of confidential information, including personally identifiable information through a combination of hardware, software and physical security, coupled with strong internal data security processes, procedures and controls that meet or exceed relevant laws, regulations and industry best practices.
News & Events
Find out what's happening at PRGX — recent success stories, educational resources, company news or product information.ATLANTA, January 19, 2021 – PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, hosted PRGXchange™ this past October, its annual thought-leadership conference for...
ATLANTA, Jan. 18, 2021 – PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, announced its e-book, “Why Recovery Audit Remains Essential in 2020,”...
Retail merchandise recovery audits are an effective way to recoup funds lost due to overpayments, under-deductions, and simple human error. But like any meaningful business initiative, audits require time, resource,...