Gain More Value for Your Operations
We help you identify and recover overpaid expenses in contract research organization (CRO) relationships, maximize value through resource and funding optimization and mitigate risks associated with getting drugs approved and on the market.
Face These Pharmaceutical Challenges Head-On
Ongoing Research and Development
Releasing new drugs into the marketplace quickly and safely requires ongoing research and development – a complex, costly and constant necessity that needs a steady stream of working capital. We analyze your operations to identify areas of optimization and lost profit, ensuring greater funding utilization.
Since CRO relationships can drain finances, it can be a challenge to invest in new drugs that help you grow your business. We locate the source of overspend, such as ambiguity in contract language, and reconcile the CRO funding and expenses to help you prepare for future efforts.
New Drug Launches
Successfully launching a new drug requires comprehensive market research, rigorous product testing and differentiating a drug through unique messaging – among other things. Our comprehensive audit services help uncover your hidden profit, providing the necessary capital required to execute a successful launch.
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:
- Escheatment avoidance
- Sales and use tax
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
- Profit and overhead
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.
Originally appeared in Technology Magazine's July 2021 Edition. Overpayments, missed discounts, shipment shortages: these errors are not strangers to companies coping with the aftershocks of COVID-19. While supply chains have...
PRGX has been featured in the July issue of Technology Magazine. In this exclusive interview, Andy Green, Vice President of Global Infrastructure and IT Operations, discussed the growing importance of...
Originally appeared on Consumer Goods Technology, June 10, 2021 The development and manufacturing of any given product has numerous suppliers and contracts associated with it. Supplier contracts for labor, equipment,...