The Power to Recover More, Faster
Although relatively few transactions result in overpayments, the impact of overpayments can be far reaching. Overpayments add up over time, negatively impacting a company’s financial performance, reducing working capital and eroding profits. More than 40 years ago, PRGX recognized an opportunity to help companies recover overpayments and to improve their accounts payable processes, reducing the frequency and scope of overpayments. Today, 75% of the top 20 global retailers turn to PRGX for Recovery Audit services.
The Significant Challenges to Solving Overpayments
It takes experience and sophisticated systems to quickly and thoroughly review and analyze thousands, even millions, of transactions.
Complex, Disconnected Data
The information you’re missing could be on a PO, an invoice, buried in someone’s email or just about anywhere else.
Getting to the Root Cause
Until you understand how and why overpayments are occurring, you can’t put a long-term solution in place.
Retail Merchandise Audit
We uncover overpayments across the entire merchandising process including allowances, pricing, freight and more.
Contract Compliance Audit
We focus on the suppliers and contracts that present the greatest risks, maximizing returns, reducing risk and providing insights that improve supplier contract management and controls moving forward.
Accounts Payable Audit
We audit payments on a near real-time basis to identify and recover overpayments quickly and help avoid the same mistakes in the future.