PRGX Demonstrates How Retailers Can Reinvent Recovery Audits with a Preventive Approach

Rhea-AI Summary

PRGX Global, Inc. (Nasdaq: PRGX) has announced a webinar titled “Reinventing Recovery Audit for Today’s Retail Environment,” scheduled for June 9 at 11:00 am EST. The webinar aims to assist finance and procurement professionals in transitioning from traditional recovery audits to preventive solutions that identify profit leakage before payment is made. PRGX emphasizes the significance of robust controls and source-to-pay visibility to prevent accounting errors and preserve working capital, which is crucial in today’s competitive retail landscape.

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• The upcoming webinar is aimed at helping finance and procurement professionals optimize recovery audit processes.
• Transitioning to a preventive recovery audit program can help companies identify financial leakages before payments are made, preserving working capital.
• PRGX has established itself as a leader in Recovery Audit and Spend Analytics with over $1.2 billion in annual cash flow recovered for clients.

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ATLANTA, June 08, 2020 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, announced its upcoming webinar, “Reinventing Recovery Audit for Today’s Retail Environment,” which will be held on Tuesday, June 9 at 11:00 am EST.

Historically, recovery audit has served as a reliable stopgap for retailers to ensure profit leakage is identified and recaptured. However, in today’s retail environment, it is more critical than ever to ensure processes and systems are working properly. Without robust controls and in-depth source-to-pay visibility, retailers open the door to potential profit loss and accounting errors.

Designed to help finance and procurement professionals optimize their recovery audit programs, PRGX’s Reinventing Recovery Audit webinar will outline how retailers can move from a contingency, fee-oriented recovery audit to an error prevention solution. This approach helps companies identify leakage prior to payment and create a preventive recovery audit program.  

“Identifying and correcting payment and billing errors in real time allows companies to identify profit leakage prior to the payment being made,” said Ron Stewart, PRGX President and CEO. “This preventive approach preserves working capital and avoids abrasion of suppliers.”

To register for the webinar, visit https://www.brighttalk.com/webcast/17946/412083.

About PRGX
PRGX helps companies spot value in their source-to-pay processes that other sophisticated solutions didn’t get to before. Having identified more than 300 common points of leakage, we help companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data. We pioneered this industry 50 years ago, and today we help clients in more than 30 countries take back $1.2 billion in annual cash flow. It’s why 75% of top global retailers and a third of the largest companies in the Fortune 500 rely on us. For additional information on PRGX, please visit www.prgx.com.

Media Contact:
Jamee Nelson
PRGX Global, Inc.
770.779.3213
Jamee.Nelson@prgx.com

FAQ

What is the date and time of PRGX's upcoming webinar?

The webinar titled “Reinventing Recovery Audit for Today’s Retail Environment” is scheduled for June 9 at 11:00 am EST.

What is the focus of the webinar hosted by PRGX?

The webinar focuses on transitioning from traditional recovery audits to preventive solutions to identify profit leakage before payments.

How does PRGX assist retailers in managing profit leakage?

PRGX helps retailers by providing strategies to optimize recovery audit programs and improve source-to-pay visibility.

What experience does PRGX have in the recovery audit industry?

PRGX has over 50 years of experience and has identified more than 300 points of leakage in source-to-pay processes.