PRGX Webinar: The Overlooked Benefits of Recovery Audits

Rhea-AI Summary

PRGX Global recently hosted a webinar titled "The Overlooked Benefit of Recovery Audit," aimed at helping finance and procurement professionals understand profit leakage in their source-to-pay cycles. The session highlighted the importance of recovery audits not just for immediate financial recovery but also for uncovering insights that can enhance long-term profitability. Hosted by experts Richard Jackson and Nick Williams, the webinar provided strategies for conducting root-cause analyses to identify profit leakage effectively. PRGX has identified over 300 leakage points, helping clients recover approximately $1.2 billion annually.

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• PRGX's recovery audit program identifies over 300 common points of profit leakage.
• The company aids clients in recovering approximately $1.2 billion in annual cash flow.
• 75% of top global retailers and a third of Fortune 500 companies rely on PRGX's services.

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• None.

Audit experts offer finance, procurement and retail professionals insight on how to conduct a root-cause analysis to identify and minimize profit leakage within their source-to-pay cycles

ATLANTA, Sept. 30, 2020 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, announced its recent webinar, “The Overlooked Benefit of Recovery Audit,” is now available for viewing.

The primary goal of any recovery audit program is to identify profit leakage and bring it back to a company’s bottom line. While immediate recoveries provide significant value, recovery audits also uncover critical information and insights that can yield a greater long-term return on investment.

PRGX’s webinar on the overlooked benefits of recovery audits examines how finance and procurement leaders can enhance the value of their recovery audit programs by conducting root-cause analyses. Hosted by PRGX Audit Director Richard Jackson and UK Retail Operations Director Nick Williams, the webinar explains how to better understand recovery audit analysis reports and strategies to adopt a preventative approach to recovery audits by identifying profit leakage at its source.

“Technology continues to offer deeper, wider views into companies’ source-to-pay data and the root causes of profit leakage,” said Williams. “It is this type of preventive mindset that will elevate recovery audit programs and create new opportunities for finance leaders to improve internal processes and maximize profit margins.”

The webinar, which was held on September 3, is available for viewing at https://www.prgx.com/resources/the-overlooked-benefit-of-recovery-audit/.

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:
Jacob Hamilton
Arketi Group
678-863-9860
jhamilton@arketi.com

FAQ

What was the purpose of PRGX's recent webinar?

The purpose of the webinar was to educate finance and procurement professionals on identifying and minimizing profit leakage in source-to-pay cycles through recovery audits.

When was the webinar "The Overlooked Benefit of Recovery Audit" held?

The webinar was held on September 3, 2020.

How does PRGX help companies with profit leakage?

PRGX helps companies identify profit leakage at its source by conducting root-cause analyses and offering insights for improvement.

How much annual cash flow does PRGX help companies recover?

PRGX helps clients recover approximately $1.2 billion in annual cash flow.