Billing Compliance Audit

A Streamlined, Data-Driven Billing Verification Process with Minimal Supplier Impact

Despite technological advances and proper controls, supplier billing errors can still slip through the cracks. A PRGX Billing Compliance Audit can help identify billing errors, identify their root causes and return lost profit back to your bottom line.

We go further, conducting a global audit with a lighter touch— to maximize impact on the health of the business while providing detailed root-cause analysis of the profit leakage and recommendations for improvement – all with minimal required resources and disruptions to your organization.

Actionable Insights + Regained Profits

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

PRGX Leads the Industry in Recovery Overpayments

Overpayments are inevitable for most transaction-intensive companies – but finding them, recovering them and keeping them from happening again delivers real value to your bottom line. For 50 years we’ve mastered Recovery Audit and continue to be a global leader, recovering more than $1.2 billion annually for our clients.

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Accounts Payable Recovery Audit

Outsmart the Spend Cycle

Although untapped value exists within your source-to-pay data, the resources for finding that value are scarce. Common errors like duplicate payments can lead to millions of dollars in lost profit. Our Accounts Payable Recovery Audit helps companies identify and recoup funds across a myriad of settings and prevents the errors from happening again.

Our comprehensive approach reviews all major factors of your accounts payable process, including:

  • Disbursements
  • Statements
  • Escheatment avoidance
  • Sales and use tax

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Retail Merchandise Audit

Recover Money Quickly

Thousands of vendors, tens of thousands of items in inventory and millions of transactions – with countless moving parts – create an environment that’s effective at hiding things such as unapplied discounts and under-deductions. Our Retail Merchandise Audit solution identifies gaps in processes and systems to prevent future errors, all while helping you recover money quickly. That’s why we’re trusted by 75% of the world’s largest retailers.

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Advanced Analytics

More Data, More Expertise, More Value

Every day that your source-to-pay cycle isn’t optimized is a missed opportunity to find the resources you need to invest in and grow your business.  Our Advanced Analytics combine industry-leading consulting and data expertise with robust tools to rapidly uncover insight and take action to deliver bottom-line results.

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Technology-Enabled Platform

Protecting highly sensitive client data

We utilize a unique technology triad, comprised of our Verigon® Solution Suite, Epiphany Data Foundation™, and Panoptic™ Compliance Audit Platform, 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.

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