At-A-Glance: $63M Single Supplier Audit Reduces Complexity and Drives Quick ROI
Print service providers rely heavily on key suppliers for specialized materials and consistent pricing, making contract compliance critical for profitability. This printer chose PRGX for their 50+ years of Source-to-Pay recovery experience and proven track record in contract compliance audits.
$63M
Auditable Spend
$1M+
Corrective Actions Identified
$500K
Recoveries Realized
Challenge: Managing the Spend Complexities of Large-Scale Printing
A prominent printer of catalogs and promotional materials faced challenges with the many moving parts in their spend. The customer needed to streamline contract complexities related to paper pricing, indexed pricing, price changes, volume discounts, and freight charges.
Solution: Contract Management Services Unlocks Present and Future Value
Relying on a single supplier doesn’t eliminate errors, especially with a high-volume business and frequent price changes. A professional review of contract details can help identify hidden inefficiencies, mitigate risks, and uncover opportunities for both immediate and long-term savings.
The PRGX Contract Management services team leveraged the AI-powered Contracts Insights engine to deliver immediate and future savings totaling over $1.5M.
Breakdowns Identified:
- Indexed pricing improperly billed
- Effective dates of price changes unclear
- Defective product/returns
- Miscalculated volume discount; unauthorized charges
- Freight charges overstated
Key Learnings:
- Required increased transparency with billing
Streamline Your Single Supplier Spend with PRGX Contract Management
The PRGX Contract Management team is ready to help you simplify even the most challenging professional services projects by applying their five decades of experience and AI-powered technology. Just in the past year, PRGX has analyzed $2.3T client spend with $2.3B client revenue across industries and services, yielding 10x average ROI. Chat with our team of experts about your unique 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.
