At-A-Glance: AP Profit Recovery Expands to Audit Contract Compliance
Manufacturers face intense pressure to innovate, bring products to market quickly, and increase efficiency while managing complex supply chain processes and numerous vendors. One Fortune 100 manufacturer turned to PRGX to identify payment and pricing errors across their global operations, transforming their audit processes and contract compliance to achieve significant recoveries.
$12M+
Savings From Most Recent Audit
$110M+
Total Recovery Savings To Date
Challenge: Manufacturer Seeks Improved Process Control and Recovery Opportunities
A Fortune 100 manufacturer needed to broaden their audit coverage internationally while adhering to a strict 120-day rolling audit timeline. Initial assessment revealed critical process gaps in pricing management, ERS handling, returns processing, and rebate administration.
Solution: Comprehensive US Intelligent Audit Leads to Global Contract Management
The PRGX AP Profit Recovery and Contract Compliance Audit programs uncovered and addressed critical operational gaps. Our comprehensive review identified non-compliant retroactive pricing management and significant ERS process issues that were impacting the bottom line. Through detailed analysis, we discovered inefficiencies in return goods procedures and mismanaged volume rebate and allowance programs. Our technology-enabled audit process not only recovered significant funds but also provided actionable insights to prevent future revenue leakage.
Key achievements include:
- Successful implementation of Contract Compliance Audits
- Improved management of retroactive pricing programs
- Enhanced operational processes across regions
- Strengthened controls and compliance measures
Transform Your AP Recovery Audit Process for Long-term ROI
Improve your bottom line with a PRGX AP Profit Recovery Audit for manufacturing firms. Our industry expertise and advanced technology can help you identify and recover lost profits while strengthening your operational processes. PRGX has analyzed $2.3T client spend with $2.3B client revenue across industries and services, yielding 10x average ROI.
Connect with PRGX and learn how our technology-driven solutions can help optimize your working capital management and provide comprehensive spend visibility. Chat with our team of experts about your goals and or watch a demo to see our solutions in action.
How Much Can You Recover?
Take a look at our services and solutions, backed by serious analytics.
