PRGX Shares Preventative Contract Compliance and Vendor Relations Strategies at ProcureCon Indirect and Procurement Leaders’ World Procurement Congress
Traditionally, supplier contract audits have focused on identifying past billing errors and recovering those overpayments. These historical recoveries, while still an important element of any recovery audit program, fail to correct root cause issues and prevent profit leakage from occurring again. As companies continue to weather the COVID-19 pandemic, it is critical they adopt a preventative approach to contract audits, one designed to locate errors rapidly or in real-time.
To help procurement leaders foster more transparent, efficient supplier relations, PRGX VP of Audit Operations
- The pathway to prevention: Examining the broad spectrum of where overpayments originate and how best to identify and correct root causes;
- Supercharging results: How to grow and expand the value of a contract audit program in a digital economy; and
- From reactive to proactive: Key steps to building a program that identifies issues quicker, leading to immediate and sustained cost savings.
“Conferences such as these create new opportunities for finance and procurement professionals to share innovative procurement strategies and methodologies that add meaningful value to their business,” said Daniells. “We are excited to take part in this event and exchange inspirational ideas and creativity for attendees to tackle key challenges within today’s modern procurement, supply chain and source-to-pay cycle.”
For more information on PRGX or to schedule a meeting around
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
Source: PRGX Global, Inc.
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