Free Up More Working Capital
Whether through a traditional Cost Recovery Audit, a Supplier Contract Compliance Audit or Supplier Information Management, we can help identify sources of profit leakage, validate supplier compliance with contracts and reduce exposure and risk.
Business Challenges for Natural Resources, Energy & Utilities Companies
Significant Capital Requirements
From a heavy reliance on contracted labor to the high costs of equipment maintenance and repair, you need a steady stream of capital to stay on top of the day-to-day needs of the business.
Making sure your suppliers are adhering to your contracted terms is a monumental task and non-compliance can be a source of major financial leakage.
Staying a step ahead of the competition requires continuous investment in geographic expansion, new technologies and R&D. And that investment demands a strong cash position.
Cash Chain Optimization
PRGX’s fact-based approach combines data with our deep industry benchmarking and analytical capabilities to provide visibility into current payment terms across suppliers, categories and business units. We’ll uncover optimization opportunities in three key areas:
Days Payable Outstanding
Ensure a long and standard payable cycle while meeting on-time expectations
Days Sales Outstanding
Fulfill orders and achieve payments in the quickest possible manner
Days Inventory Outstanding
Manage inventory to meet demand while minimizing holding and transfer costs
Built to recover overpayments, we’ll help analyze more than 300 potential points of leakage including merchandising, accounts payable and contract compliance.Learn More
Armed with the right facts and statistics, we regularly help our clients drive inefficiency out of their Source-to-Pay cycle and uncover hidden profits. We also deliver non-software-based services such as Item-Level Cost Harmonization.
- Source-to-Pay Assessments & Strategy
- M&A Services
- Cash Chain Optimization
Supplier Information Services
Organize and manage comprehensive supplier information while maximizing supplier engagement and data quality across a global supplier base to minimize risk and increase efficiency.Learn More
Contract Compliance Audit
We can help reduce contractual risks and maximize supplier performance, focusing on the suppliers and contracts that present the greatest risks. You’ll get maximized returns, reduced risk and insights that improve supplier contract management and controls moving forward.
- Supplier Contracts
- Capex & Construction
- Advertising & Marketing
- Licensing Contracts
- Prepayment Review