Supplier Contract Audit

Deep and Broad, Maximum Value and Excellent Insights

When PRGX identifies significant risk that extends beyond the ability to audit with client data, an in-depth Supplier Contract Audit may be the best way to adequately investigate. A comprehensive Supplier Contract Audit addresses all material financial commercial terms within a supplier contract and primarily uses supplier data and documents.

This type of audit is advantageous for a client’s indirect spend with complex contract pricing mechanisms (i.e., cost-plus; time & material) that can carry substantial financial risk if not managed properly. Our highly experienced auditors dig deep to identify risk and ensure compliance.

How PRGX Prioritizes Suppliers To Audit

How PRGX Prioritizes Suppliers To Audit

We focus on 2 factors to determine which relationships pose the greatest financial risk to your business.

  1. Contract Complexity
  2. Spend Volume
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. 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 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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