The PRGX Recovery™ Solution
PRGX Recovery enables companies to maximize audit recoveries and supplier insights. The PRGX Recovery on-demand application and services automate many auditing processes including supplier solicitation, collecting Accounts Receivable data, discovering credits, identifying potential duplicates, and getting supplier agreement on recoveries. PRGX Recovery delivers a complete suite of performance reports and best practice recommendations for reducing recoveries.
Why PRGX Recovery?
Automation, prioritization, and escalation for optimized result
Maximize supplier participation
Automation and flexible services support different cost and business models
Low Impact on Client Resources
Performed offsite with minimal client support
Automated Supplier Outreach
PRGX Recovery supports communication workflow to maximize supplier participation and compliance. Communication include initial and ongoing requests for Supplier Accounts Receivable data, as well as follow-up requests for non-compliant suppliers. PRGX supports automated outreach by email and fax, as well as mail and phone outreach.
Document Collection and Management
PRGX Recovery electronically archives all incoming supplier Accounts Receivable data and supporting transactional documentation for client for use in the auditing process. Supporting documents are always available for clients on the PRGX Recovery application as corresponding claims are delivered.
Experienced Auditor Teams
The experienced PRGX S2P Audit Team focuses on the day to day communications with clients and suppliers
Duplicate Payment Auditing
PRGX has almost 50 years of experience developing and deploying advanced duplicate payment algorithms to maximize client recovery
Vendor Statement Auditing
PRGX auditors review all supplier Accounts Receivable documents for potential credits and communicate directly with suppliers to secure written verification of all claims.
Clients have 24×7 access to the PRGX Recovery application. From their dashboard, clients can see the status of the audit, review claims, check supplier statuses, and communicate with PRGX auditors about the status of claims and suppliers.
Updated Supplier Accounts Receivable Contact Details
PRGX Recovery delivers updated supplier Accounts Receivable contact data as well as updated parent/subsidiary reports and supplier compliance tracking.
Integrated Real-Time Reporting
PRGX Recovery provides companies with a suite of up-to-the-minute reports on suppliers and recoveries for root cause analysis.
PRGX Supplier Network
PRGX continues to build and leverage our supplier network of over three million supplier entities to maintain and enhance the quality of supplier information across all clients.