ACCOUNTS PAYABLE PROFIT RECOVERY
Uncover Profit, Unlock Value & Unleash Efficiencies
Our tech-enabled approach to AP Profit Recovery Audit Services goes beyond error identification. We’re making businesses better with purpose-built AI combined with decades of expertise. PRGX enables you to recoup lost profit and elevate the health of your business ecosystem.
Our tech-enabled approach to AP Profit Recovery goes beyond error identification. We’re making businesses better. With PRGX, you’ll not only recoup lost profit but also elevate the health of your entire business ecosystem.
The AP Landscape: Automation, Risk & Opportunity
ESCALATING RISKS OF UNDETECTED ERRORS
Without comprehensive oversight, AP errors can result in significant financial leakage, impacting the bottom line.
INCREASED PRESSURE ON FINANCE TEAMS
Organizations face growing demands to do more with less, enhance efficiency and deliver cost savings within AP processes.
THE UNCERTAINTY OF UNTRAINED AI
While new tools and technology promise streamlined operations, many solutions fall short, leading to persistent inefficiencies.
OUTSOURCING
Limited visibility and performance risks can undermine the effectiveness of outsourced AP processes, leading to potential financial and operational setbacks.
MAKING YOUR AP FUNCTION INTO A PROFIT CENTER
Organizations implementing comprehensive global AP profit recovery strategies, powered by unified data and AI combined with expertise, recoup millions, reduce financial risks, and grow margins. With the right steps, your AP function can become a profit center.
How PRGX Delivers More Value for You
PRGX transforms finance and procurement data into margin growth, improved efficiency, reduced risk, and stronger supplier relationships.
The Broadest Services, The Deepest Savings
PRGX offers the most powerful suite of Tech-Enabled AP Profit Recovery Audit solutions tailored to your organization's needs. We identify and recover more value across your S2P processes with AI and experts.
Industry-Leading Global Impact
PRGX combines global reach with local understanding and expertise. We have offices in 30 countries. We’re everywhere you are, and everywhere you need us to be.
Focus On Your Success
PRGX integrates seamlessly into your culture with a focus on what is important to you and your team—including sharing root-cause insights and strengthening key strategic relationships.
Our Next-Gen Tech Advantage
Advanced technology—including our AI-powered algorithms and claims management platform—delivers precise, proactive error detection & fraud prevention. AI rapidly detects duplicate payments and reconciles supplier statements at scale.
Privacy & Security
PRGX safely and rapidly processes over 7 petabytes of client data each year. We are SOC 2 Compliant, FSQS Registered & ISO 27001 Certified.
Why Choose PRGX AP Profit Recovery Audit Services?
We’re proud to partner with over 300
leading global companies including….
“I believe working with PRGX was an excellent way to assess where we stood in terms of our procure-to-pay processes. We had doubts about whether we were paying correctly, if there were any overpayments to suppliers, or if we were missing out on any cash. It’s very efficient, and I really emphasize that it has improved our processes significantly.”
– VP, Global Business Services, Fortune 100 Manufacturer –Accounts Payable Profit Recovery
What are AP Profit Recovery Audits
It’s the process of analyzing source-to-pay transactions and related data to identify and recover overpayments, under-deductions, or other erroneous transfers.
How much does an AP Profit Recovery Audit cost?
PRGX Recovery Audits can often be self-funding or contingency-based, meaning costs are tied to the percentage of recovered funds. If no recovery occurs, no payment is owed.
How much of my time will an AP Profit Recovery Audit take?
Minimal commitment is required—just 1-2 hours per week—because PRGX leverages both experienced auditors and advanced, technology-driven tools.
What are the benefits of AP Profit Recovery Audits?
Identify profit leakages.
Reduce financial and operational risks.
Recover past overpayments to enhance cash flow.
Lower operational expenses while improving compliance.
Can duplicate payment software replace an AP Profit Recovery Audit?
Duplicate payment software addresses only a small portion of issues—approximately 20%. The majority of recoveries (about 80%) come from statement audits and account reconciliation processes. A comprehensive AP Profit Recovery Audit goes beyond duplicates by identifying broader reconciliation issues, stopping profit leakage, and uncovering lost revenue. It also sheds light on process inefficiencies to prevent future financial risks and improve overall operations.
What will my executives think of my team if my AP Profit Recovery Audit detects errors?
CFOs and CEOs are concerned about their bottom line. The primary reason to conduct a recovery audit is to recoup lost profit. With tens of thousands to a million invoices across tens of thousands of contracts, it is possible to have some payment errors. In even the best-designed source-to-pay process, as much as 5-10% of value gets lost. Additionally, the PRGX Recovery Audit will also uncover the issues in your processes that caused the errors in the first place, helping you reduce the risk of future financial loss. A recovery audit is an industry-accepted best practice.
How will my suppliers react to an AP Profit Recovery Audit?
The PRGX team works directly with your suppliers to recover payment errors while clarifying payment terms to prevent future issues. Thanks to our strong relationships with suppliers across industries, we often receive positive feedback, including thank-you notes after audits. Suppliers are typically open to guidance and best practices, as it helps simplify their billing processes. Additionally, the audit can capture missed or late payments, ultimately streamlining the entire billing and payment workflow.
