Uncover Hidden Working Capital
Growing and expanding within the utilities industry requires fully optimized operations. We help identify and minimize profit loss, maximize value and mitigate risk in your source-to-pay process using our industry-leading accounts payable recovery audit or supplier contract compliance audit.
Face These Utilities Business Challenges Head-On
Significant Working Capital Requirements
From upgrading aging infrastructure to securing the grid against natural and manmade disasters, we help you identify the steady stream of capital to address your daily operational needs.
Although non-compliance can be a source of major financial loss, combing through supplier contracts to ensure terms of agreement are met is a monumental, ongoing task. We remove the burden of constant contract review, identifying and sealing leaks, leading to improved contract negotiations and vendor relationships.
Ongoing Capex Demands
Since staying ahead of the competition requires investing in ongoing digital transformation, research & development (R&D) and clean energy transitions, a strong cash position is crucial. Our proven audit process digs deep into your data and sources hidden revenue to meet your capex demands.
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.
Financial leakage is a cost of doing business. Given the volume and complexity of contracts, most companies are now working at warp speed, with employees taking on more responsibilities. Traditionally,...
ATLANTA, September 30, 2020 – PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, announced its recent webinar, “The Overlooked Benefit of Recovery Audit,”...
Spend analytics as a complement to the recovery audit process is all about leveraging the deep and detailed spend data as the comprehensive single source of truth for both activities....