Realizing the Full Potential of Recovery Audits Through Technology and Spend Analytics

Rhea-AI Summary

PRGX Global has released two new whitepapers to assist companies in enhancing their source-to-pay visibility and performance through technology and spend analytics. These resources aim to address the challenges of recovering profit leakage while managing decentralized spend data systems. The whitepapers focus on combining recovery audit data with advanced analytics and exploring the transformative impact of AI and machine learning on recovery audits. PRGX serves over 30 countries and has identified over 300 profit leakage points, aiding clients in reclaiming $1.2 billion annually.

Positive

• Release of two whitepapers aimed at improving source-to-pay processes.
• Focus on leveraging technology and advanced analytics to recover profit leakage.
• Expertise in identifying over 300 points of leakage, enhancing value for clients.

Negative

• None.

Whitepapers describe how companies can utilize technology and spend analytics to improve source-to-pay visibility and performance

ATLANTA, Nov. 02, 2020 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, announced two spend analytics and recovery audit whitepapers are available for download.

Across almost all industries, companies face the significant challenge of recovering profit leakage and maintaining supplier relations, while also aggregating, cleaning and classifying spend data across multiple decentralized systems and platforms. Without the proper resources, this level of complexity can hinder operations and create process gaps that result in millions of dollars in lost profit.

PRGX’s latest whitepapers are designed to help finance professionals better leverage technology and data to reinforce their recovery audit programs and gain a deeper view into their source-to-pay processes. The white papers include:

• “Spend Analytics: The Perfect Complement to Your Recovery Audit Program,” which outlines how companies can combine recovery audit data and advanced analytics to improve spend visibility; and
• “How Artificial Intelligence and Machine Learning Are Transforming Recovery Audit,” an in-depth analysis of technology’s benefits and role throughout the recovery audit process.

“New technology enables companies to capture more data than ever before, and although invaluable, the sheer volume of data can overwhelm finance and procurement departments,” said Greg Cory, Chief Product Officer for PRGX. “Our latest whitepapers include helpful information and tools for finance leaders looking to adopt a deeper, wider view of their spend efficiency.”

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
jhamilton@arketi.com

FAQ

What are the new whitepapers released by PRGX about?

The whitepapers focus on enhancing source-to-pay visibility using technology and spend analytics.

When was the PRGX press release issued?

The press release was issued on November 2, 2020.

How much annual cash flow does PRGX help clients reclaim?

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

What industries does PRGX serve?

PRGX serves clients in over 30 countries across various industries.

What technologies are discussed in the PRGX whitepapers?

The whitepapers discuss the benefits of artificial intelligence and machine learning in recovery audits.