Spend & Payment Insight™
Powerful S2P technology unlocks the full potential of your data
Spend & Payment Insight™ unlocks working capital and savings opportunities with a unified data view and insights across disconnected sources. Drive measurable EBITDA improvements across tens of thousands of suppliers.
Spend & Payment Insight™ unlocks working capital and savings opportunities with a unified data view and insights across disconnected sources. Drive measurable EBITDA improvements across tens of thousands of suppliers.
A comprehensive approach with whole business health benefits
Improve cash flow and find new savings
By digging into transaction-level data pulled from invoices, purchase orders, requisitions, payments, and vendor data, Spend & Payment Insight™ identifies savings and improves cash flow.
Smarter processes
Leveraging enterprise-wide data to optimize processes and provide a joined-up view of spend, trends, and anomalies. Delivers unique value after mergers and acquisitions or across multiple business units.
Low hassle, fast returns
Re-using data already gathered during the AP Recovery Audit cycle accelerates service delivery and ROI, enabling you to quickly gain visibility into trends and anomalies.
Quick deployment, measurable improvement
Spend Analytics
Support savings initiatives. Find hidden value in transactional payment data.
Analysis of spend
- Comprehensive and centralized view into spend
- Union of spend data: vendor master, invoice, POs
Spend trends
Review patterns and identify variances across suppliers, categories, or business units
Quick turnaround on detailed spend analytics
Rationalization
- View long tail spend to consolidate supplier counts
- Add new insights for additional savings opportunities
Payment Analytics
Uncover working capital opportunities. Prevent duplicate payments. Optimize Days Payable Outstanding (DPO) across your organization.
Analysis of payment
- Invoice-level analysis of days to pay, early and late payments
- Aggregated spend by supplier and category
- Duplicate payment reporting
- Summary by term
Payment term distribution
By invoice, aggregated spend and category
Modeling for shifting terms with detailed supplier and category playbooks
Unlock trapped working capital through strategic term extensions
Harmonization
Identify best discount, days available and terms by vendor
Data consolidation and parent/child matching between client and supplier
Standardize payment processes across regions, or business units
Why work with PRGX?
Powerful insights, easy to use interface
As global leaders in source-to-pay audits and analytics — with over 300 Fortune 2000 clients — we know the data and review processes required to convert insights into results. With this knowledge, we’ve designed the PRGX Analytics interface to support end-users in exploiting new opportunities, from automated reports that make it easy to pinpoint precisely where action is needed, to tracking overall value generated for the business.Putting S2P data at the heart of healthy businesses
We believe S2P data is packed full of insights that can benefit the health of the whole business. From the big picture across departments to the critical details within the supply chain, it’s where you can find all the information you need to create healthier processes, relationships and margins — and we have the experience, technology and expertise to help you unlock it.PRGX Spend & Payment Insight™
What is PRGX Spend & Payment Insight™?
Spend & Payment Insight is a powerful S2P technology that unlocks the full potential of your data, leveraging PRGX Analytics powered by Lumen™ to discover robust insights into working capital and spend savings opportunities across your business.
How does Spend & Payment Insights address the challenges of multiple ERP systems?
AP data reporting and insights can be hard to come by, lost in complex systems and ever-changing business dynamics. Spend & Payment Insight creates a comprehensive spend view across all systems, unifying vendor master, invoice, and PO data to eliminate silos and provide clear visibility, even when multiple ERP systems across various regions and divisions make duplicates hard to detect and prevent.
How does the solution prevent duplicate payments and overpayments?
Spend & Payment Insight uses AI-powered overpayment prevention to proactively identify and prevent the leading causes of overpayment. The solution provides duplicate payment reporting and detects small amounts of AP leakage that can compound quickly, helping you maintain control over your payments.
What fraud detection capabilities does Spend & Payment Insight offer?
The solution monitors fraud indicators by tracking supplier information and spend behavior. Without data-driven identification, potential fraud risks can go unnoticed. Spend & Payment Insight™ can provide the visibility needed to help identify suspicious patterns and protect your organization.
How does Spend & Payment Insight optimize working capital?
Through payment and working capital insights, the solution analyzes payment trends, identifies early payment opportunities, optimizes payment terms, and highlights cash discount opportunities. This comprehensive view helps you make strategic decisions that improve cash flow and maximize working capital efficiency.
