The Power to Optimize Working Capital
PRGX’s fact-based approach combines your data with our deep industry benchmarking and analytical capabilities to provide visibility into current payment terms across suppliers, categories and business units.
The Benefits of Improved Working Capital
Invest in Capabilities
From IT infrastructure to customer service improvements or better supplier relations, adding capabilities is critical to your future.
Fuel Company Growth
Effective marketing campaigns, critical R&D, potential mergers and acquisitions and other growth strategies all require available capital.
Reduce Financial Stress
Find the capital you need to pay off loans and eliminate debt covenants. A strong cash position can also attract new investors.
Days Payable Outstanding (DPO)
We use a three-phase process to ensure a long and standard payable cycle while meeting on-time expectations.
- We analyze data from multiple and disparate resources, conducting a comprehensive maturity assessment to quantify policy, process and payment term opportunities.
- Establish short-term policies, processes and actions to release cash as well as a comprehensive and sustainable DPO program to address people, process, technology and data.
- Ongoing control via interactive and proper visualizing and monitoring
Days Sales Outstanding (DSO)
The longer you take to collect receivables, the more it costs in actual carrying costs and lost opportunities. We’ll dig into your DSO status and trends, uncover any issues that may be affecting customer payment practices. Ultimately, we’ll help you fulfill orders and achieve payments in the quickest possible manner.
Days Inventory Outstanding (DIO)
Inventory can be the most complex factor to manage because it is influenced by supplier, customer and internal decisions. As a key measure of your inventory management effectiveness, we’ll create and implement strategies that help you better manage your inventory to meet demand while minimizing holding and transfer costs.