PRGX Provides Framework for Transforming the Recovery Audit Industry
ATLANTA, June 23, 2020 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, announced its white paper, “Reinventing Recovery Audit for Today’s Retail Environment,” is now available for download.
Today’s retail industry is quickly evolving to meet increasing and shifting consumer demand by expanding partnerships with suppliers to create more effective, and increasingly complex, promotional programs. While these programs help retailers better serve their consumers, they also add a new level of complexity to their businesses.
Using traditional recovery audits, retailers identify missed funding opportunities as deals or promotional contracts are not entered or tracked correctly. This results in funds being recovered much later, oftentimes taking months or years, or not at all.
PRGX’s latest white paper, “Reinventing Recovery Audit for Today’s Retail Environment,” addresses:
In addition to the white paper, th company’s “Reinventing Recovery Audit for Today’s Retail Environment” webinar is also available for download. The webinar outlines how retailers can move from a contingency, fee-oriented recovery audit to an error prevention solution. With this approach, companies can identify leakage prior to payment and create a preventive recovery audit program.
“Across all transaction-heavy organizations, finance professionals rely on recovery audits as a time-tested strategy of ensuring suppliers adhere to their agreed upon terms and yield results,” said Mark Kilgore, Vice President of Client Services for PRGX. “The challenge many of these companies face is adopting a new mindset and shifting gears towards a more effective and sustainable approach to identify and prevent errors before they occur.”
The webinar, which was hosted on June 11, is available at https://www.prgx.com/resources/reinventing-recovery-audit-for-todays-retail-environment/. The white paper is available for download at https://www.prgx.com/resources/reinventing-recovery-audit-for-todays-retail-environment-2/.