Banks

Boost Profit Margins

Although radical shifts are being felt by changing business models, new competition and mounting regulations, banks must continue to improve profitability. This usually means reducing costs or increasing fees – the latter of which can turn customers away. Knowing there are limits to the fees the market will bear, we can help you reach wider, dig deeper and act faster to control costs and maximize your profit margins.

See What You’ve Been Missing™

Identify Process Gaps to Enhance Performance

Constantly shifting standards and regulations mean that what works today may not be the case tomorrow. Trust us to help provide product and spend analytics that ensure your compliance while maximizing your value.

Face These Banking Challenges Head-On

Business Growth

To succeed and grow in an increasingly competitive and saturated marketplace, investing in new business initiatives and relationships is a must. Our proven excellence in identifying and recovering hidden profit helps ensure your business growth and continuity.

Technology Advancements

New technologies offer revolutionary solutions for the banking industry. With client expectations growing, our secure technology-enabled approach brings the speed and accuracy required to identify operational inefficiencies and the means to correct them in today’s 24/7 environment.

Business Differentiation

In what can feel like a commoditized industry, you must search for ways to stand above the rest. Whether you provide a new service release or a new marketing campaign, we help find the revenue required to reinvest into innovation.

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PRGX Solution Suite

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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Contract Compliance

Realize Maximum Contract Value

With the significant number of third parties you manage, making sure they fully deliver on contracted terms can be a huge task. Our Contract Compliance Audit services help ensure that your contracts are thorough and effective and that all third parties are performing and invoicing to your negotiated agreements.

Our services cover:

  • Price variance
  • Labor rates and per diems
  • Equipment and materials
  • Mark-ups and multipliers
  • Pass-throughs
  • Profit and overhead
  • Negotiated supplier agreements

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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 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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