
Actionable Insights + Regained Profits
Combining our powerful data analytics technology with a staff of highly experienced, seasoned professionals, our self-funded audit approach delivers lost profits plus gives you valuable, actionable insights other providers might miss. We know you need bottom-line results fast – and that’s what we deliver. Your organization reaps the benefits of recoveries and improved processes that create long-term value and impact for the business.
Top 6 FAQ About Billing Compliance Audits
What is a Billing Compliance Audit?
A Billing Compliance Audit is a low touch, data-driven audit which entails an in-depth analysis of your purchase, receipts and invoice line-item data to ensure price and quantity billing compliance. Additionally, by incorporating the review of contract documentation, we cross validate pricing terms, as well as other contracted commercial programs, such as rebates and allowances to ensure you’re receiving the full economic benefit you negotiated in these areas.
Why do others call this Contract Compliance?
Billing Compliance Audit is sometimes referred to as “Contract Compliance” by competitors who earn the majority of their revenue from AP-related audits. PRGX offers Billing Compliance as one part of a larger, more comprehensive suite of Contract Compliance services that delivers vastly more impact for your business overall.
Is a billing compliance audit right for your company?
Where your company generates detailed purchase, good receipts data, this is an ideal approach for objectively determining if the carefully negotiated pricing, allowances and rebates are being accurately tracked, invoiced and paid.
What impact does this have on relationships?
Suppliers aren’t even aware you are conducting a Billing Compliance Audit.
What does PRGX need to execute a Billing Compliance Audit?
We will need line-item data, but generally it requires a low level of effort from the client.
What audit categories do you focus on?
Pricing and quantity variances + Allowances + Rebates + Freight
PRGX Solution Suite
- Recovery Audit
- Accounts Payable Recovery Audit
- Retail Merchandise Audit
- Advanced Analytics
Technology-Enabled Platform
News & Events
Find out what's happening at PRGX — recent success stories, educational resources, company news or product information.In any competitive market, profit margins are slim. For retailers and B2C firms, earning $10 million in pre-tax profit takes a lot of sales. Even more so for lower-margin wholesale...
Download Our White Paper: "Contract Audit: The Power of Prevention" Traditionally, supplier contract audits have focused on finding past billing errors and working to recoup funds, but times are changing....
Download Our White Paper: "How Artificial Intelligence And Machine Learning Are Transforming Recovery Audit" Explore how advanced analytics are shifting recovery audits from retrospective to preventative in our exciting...