How PRGX Prioritizes Suppliers To Audit
We focus on 2 factors to determine which relationships pose the greatest financial risk to your business.
- Contract Complexity
- Spend Volume
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. We work alongside your procurement team to investigate and identify the root causes of discrepancies with suppliers so they can be fixed and eliminated long-term. Your organization reaps the benefits of recoveries and improved processes that create long-term value and impact for the business.
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.
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:
- Escheatment avoidance
- Sales and use tax
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.
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.
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...