Balancing relationships, risk and recovery
Our approach to reducing procurement costs balances nurturing supplier relationships, ensuring compliance and recovering profit. We identify the root cause of issues with proprietary AI technology combined with expert review, providing the insight to prevent them from happening in the future, improving compliance and resulting in cost savings that can exceed 10% of supplier audit spend.
Improving supplier compliance
Continually learn and evolve
We take a holistic approach to Contract Management, going beyond recovery to provide best practices, enable future savings, and ensure terms are being met. This includes guidance for your internal team and suppliers on billing and payment practices. As one global enterprise customer noted, the more you review your contracts, the more insights you gain — creating a continuous cycle of learning and improvement.
Informed contract renewals
PRGX Audit Services provide industry expertise and AI-driven insights to improve compliance, enhance transparency, and reduce contract risk. Contract Compliance helps you recoup benefits owed while uncovering hidden value and risk. With Contract Optimization, AI compares contracts against company standards and historical patterns, then our experts apply industry benchmarks to ensure you get the best terms.
Ensure future audit and contract compliance success
We help clients ensure their contracts are written to improve audit trails in the future and define the necessary supplier billing practices that will increase transparency. Contract Monitoring ensures you receive the value you negotiated with real-time oversights and course correction. All of this ensures compliance can be validated going forward.
How PRGX helps you reduce procurement costs
Contract Compliance
Combining the speed of a billing compliance audit with the depth of a supplier audit, to improve compliance and recover revenue.
Billing Compliance
Data-led, low touch billing verification to recover lost profits and identify valuable new opportunities.
Supplier Contract Audit
An in depth compliance audit that examines selected high-spend suppliers with complex contracts to identify risk, strengthen processes and recover profit.
Protecting highly sensitive client data
Our proprietary technology platform rapidly takes in huge volumes of transaction data, which — once captured and streamlined — is securely stored to enable you to enjoy complete visibility into the audit process and fund recovery. To keep client data secure, our technology maintains the privacy, integrity and controlled use of confidential information, meeting or exceeding relevant laws, regulations and industry best practice.
