Find Resources through Improved Operational Efficiency
Competing in the telecommunications industry requires significant and continuous investment back into your business. But, outsourcing and off-shoring of business process functions and the sheer number of financial transactions processed often lead to errors, inefficiencies and reduced cash flow that can limit your ability to find capital for capex, expansion, upgrades and other investments. We can help you spot value in your source-to-pay process and help better manage and free up working capital.
Face These Telecom Business Challenges Head-On
Leading the Pack
Since the way people communicate is always changing, the pressure to introduce innovative products and services to market is intense. Staying ahead requires constant investment in product development. Our comprehensive audits dig deep, helping you identify your hidden and lost profit to keep your operations on track.
Significant Capital Requirements
Whether you want to expand your geographic reach or upgrade your service offerings, having access to significant capital for capex requirements is a must. But having enough is a challenge. That’s why we work with you to maximize the recovery of lost profit and provide the capital backing to help drive your business growth.
It’s tough keeping up with a vast number of suppliers, innumerable varying contract terms and conflicting contract language. We bring this information together to discover anomalies, keep supplier information current and manage contracts effectively.
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
- Negotiated supplier agreements
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.
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.
Now more than ever technology is becoming a critical component for contract compliance professionals to do their job. While the work to perform contract compliance reviews has traditionally focused on...
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...
ATLANTA, July 7, 2020 – PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, announced its recent webinar, “3 Ways to Minimize Abrasion with...