Improve Purchasing Decisions
The product you’re buying overseas could be the same one you’re buying locally – only you don’t know it. You may be missing out on a bulk discount and paying different prices for each. We ensure you match products and equivalents – item to item. With better visibility into true product costs and margins by supplier, category and product – across regions and markets – you’ll be empowered to negotiate the best terms possible.
Face These Merchandising Business Challenges Head-On
Actual Cost Paid
Once initial negotiations are made, product costs need to be tracked through the entire source-to-pay cycle. Processes can vary significantly, and we can help capture each change or variance, arming you with data that’s key to future negotiations.
Inventory Level Margin
When you approach margins at a supplier or category level, you lose visibility of funding at the SKU level. Trust us to dig deep into your data, thoroughly analyzing your margins at the individual SKU level to identify high-risk and underperforming inventory.
Legacy systems don’t often provide visibility into negotiations that take place outside of the system on contracts or via electronic communication such as employee email. We quickly pull together your various unstructured data sources to provide full visibility into true costs, ultimately improving your negotiations.
Retail Merchandising Audit
Our highly skilled auditors identify missed discounts and overpayments, trends and gaps in processes and systems to remediate and prevent future errors, all while helping you recover money quickly.
Because no two contracts are the same, we diligently analyze the nuances of your existing contracts to ensure they are thorough and effective and that all third parties are performing and invoicing to your negotiated agreements.
We dig deeper than traditional recovery audits, delivering strategies that spot the inefficiencies in your source-to-pay cycle, uncover hidden profit and optimize your working capital.
Protecting highly sensitive client data
We utilize a unique technology triad 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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Originally aired on the Tech Start Live podcast TAG President Larry K. Williams spoke with PRGX President and CEO Ron Stewart about the company, recovery audit and contract compliance and...
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