Utilities - PRGX

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.

Contract Compliance

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.

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PRGX Solution Suite

Accounts Payable Recovery Audit
Contract Compliance
Advanced Analytics

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, comprised of our Verigon^® Solution Suite, Epiphany Data Foundation™, and Panoptic™ Compliance Audit Platform, 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.