Source-to-Pay Data Tools That Deliver Value
PRGX Optix™ is a powerful suite of analytics tools that provides actionable, data-enabled insights to facilitate Source-to-Pay business decisions. With real-time insights that support finance, procurement, supply chain, category and merchandising business practices, you can make sense of the vast amounts of data and create true value.
Days Payment Outstanding
Determine fluctuations in DPO by supplier and assess payment process impact.
Identify invoice processing efficiencies by supplier.
Risk Management Analytics
Highlight payment and invoicing anomalies and improve the focus of internal controls programs.
Advanced AP Analytics
Analyze cost improvement opportunities and uncover missed discounts.
Purchase Price Variance (Global Cost Harmonization)
Pay the same for like products across markets and regions.
True Net Cost
Get visibility into supplier funding and deals that impact what you actually pay on an item-by-item basis or consolidated across categories and vendors.
Global Product Aggregation
Match exact and equivalent products across suppliers, regions and divisions.
Monitor what actually happened with negotiated agreements.
Understand what and how you’re spending across entire categories.
Spend Category Performance
Understand exactly what you are spending across categories and where you can reduce costs
Commodity Cost Indexing
Make sure you are paying market rate for commodities and that your prices adjust with the market.
Item Price Variance
Make sure you are paying the same price for like products across all markets and regions.
Spend Under Contract
Understand how much of your spend is under management and/or contract within your procurement organization.
Compare invoices to understand what you are spending with each supplier and ensure your pricing is consistent.