We recover $1billion+ in overpayments for our clients annually

PRGX Leads the Industry in Recovering Overpayments

Overpayments are inevitable for transaction-intensive companies — but finding them, recovering them and reducing future overpayments delivers real value to your bottom line. We pioneered Recovery Audit more than 40 years ago and continue to be a global leader, currently recovering more than $1 billion annually for our clients.

Recover & Reduce Overpayments

With the vast number of moving parts in your business, it’s virtually impossible for every cost negotiated up front to be accurately reflected in the back-end payment process. When you put PRGX’s highly skilled auditors and technology to work for you, you can expect to recover between .1% and .3% of your total spend.

Our data experts are adept at quickly mining large amounts of data to uncover overpayments. We have identified and will explore 250 potential points of leakage in your processes. With our contingency-based model, there’s no risk and significant upside potential for your operating results.

PRGX Recovery Audit Process

Retail Merchandise Audit

Many retailers carry tens of thousands of SKUs, creating high transaction volume and complexity. While most transactions are processed accurately, even a small percentage can add up to millions of dollars in overpayments. PRGX’s high-performance data platform uncovers overpayments across your entire retail merchandising process, including:

Allowances
Pricing
DSD
Freight
Pharmacy
Reclamation
eCommerce
Grocery Warehouse

Accounts Payable Audit

PRGX’s speed, combined with its experienced team, global delivery process and innovative solutions, enables us to deliver high recovery yields and ROI with less supplier abrasion. We audit payments on a near real-time basis to identify and recover overpayments quickly and help you avoid the same mistakes in the future. In addition, PRGX offers a cloud-hosted self-audit tool that provides end-to-end duplicate payments audit management.

Our comprehensive approach audits all major factors of your AP process, including:

Disbursements
Statements
Escheatment Avoidance
Sales and Use Tax VAT

Contract Compliance Audit

Some of the most costly overpayment errors are related to contractual clauses governing supplier self-reporting of information used in financial calculations. It’s essential that you mitigate these types of contractual risks and maximize supplier performance. PRGX will help you focus on the suppliers and contracts that present the greatest risks, maximizing your returns, reducing your risk and providing insights that improve supplier contract management and controls moving forward.

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