Name: Accounts Payable Recovery Audit Scope Expansion for Higher ROI
Start: 2020-11-10T15:30:00Z
End: 2020-11-10T15:30:14.000Z
Location: BrightTALK

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 nearly 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.

Join PRGX expert Danielle Adamson as she shares insights on how manufacturing companies can leverage recovery audit (RA) strategies to increase value. Heavy manufacturing, trucking and engine cooperation, Navistar will also join the conversation to discuss how they are adding to their bottom line utilizing successful RA programming.
 
In this webinar we explore:
- Why leakage occurs
- Why RA is still important in manufacturing 
- Benefits specific to manufacturing
- Process
- Technology
- Best practices
- Considerations for timing
- Industry success story/Q&A

Building Blocks: What A Successful Recovery Audit Looks Like In Manufacturing

Recovery audit is a necessary and invaluable way to recover overpayments, duplicate payments, missing credits and other value due to your organization. To find these hidden gems, a wealth of data ranging from orders and invoices to payments and supplier contracts are collected and analyzed by PRGX. As a result, our focus on the innovation of technology driven data analytics, allows us to provide valuable data assets, transformed into a fast, intuitive and insightful web platform, back to the customer.
 
This webinar will: 

- Explore the concept of ‘Day 1 Analytics’ – a unique combination of spend, contract and claim analytics at the vendor level. 

- Explain how our customers not only gain value from the initial recovery audit process, but how the data generates secondary value when it’s ingested, normalized, categorized and analyzed by PRGX’s proprietary Verigon technology platform.

Technology-led Spend & Contract Analytics using Audit Data

Does your company frequently manage its contractual agreements and ensure that they are performed within budget? If not, cost saving opportunities may be missed. Facilities management contracts are complex and a hassle to manage but utilizing a facilities management contract audit could save you time and money. These contract audits look at the contractual terms and project scope, often identifying billing errors, over or under spend, or compensation variances that many companies lack visibility in seeing.
 
See what you’ve been missing! 

This webinar will:
-  Explore what Facilities Management is, and what it can achieve
-  Reveal all future cost saving opportunities that Facilities Management Contract Audits can offer
-  Dive into the strategies used with PRGX clients
-  Uncover the cost structures required to deliver these audits to see what you’ve been missing

Facilities Management Contract Audits for Future Cost Savings

Data is everywhere and provides insights that are powerful when applied.
 
In this webinar, attendees will hear about two enrichment activities and how enrichment and advanced analytics can help their organizations solve challenges faced in their S2P cycle.
 
Our experts will share how better visibility into the data and fact-based analytics can help in areas like True Net Cost and DPO.

Valuable Use Cases for Enriched Advanced Analytics In S2P

Rashmi Airan is a keynote speaker and consultant whose mission is creating organizational cultures focused on integrity, authenticity and accountability. Don’t miss this opportunity to hear Rashmi share the lessons she learned from her ill-fated business decision, which resulted in her serving a federal prison sentence and set her on the path to redemption and founding her business to empower business leaders to make risk-informed decisions. In this session, Rashmi sets forth the framework required to ensure ethical decision-making and the problem-solving processes that result in organizational cultures of integrity.

PRGXchange - Ethical Decision-Making: A Story of Red Flags, Risks & Resilience

Kwame Johnson proudly oversees Big Brothers Big Sisters of Metro Atlanta, the largest youth mentoring agency in Georgia; however, the path from his childhood in New York to the board room was anything but traditional or easy. Join PRGX’s CEO, Ron Stewart, for a candid chat with Kwame, spanning Kwame’s inspirational journey, to his perspective on racial injustice, to his insights on how individuals can have a meaningful impact on diversity and inclusion at work and home.

PRGXchange Virtual - Lessons from the Boardroom: Diversity and Inclusion

PRGXchange Virtual: Salesforce's Growth & Innovation Evangelist and author of Growth IQ: Get Smart About the Choices That Will Make or Break Your Business, Tiffani Bova, travels the world inspiring business leaders to leverage technology and customer analysis to innovate and grow their businesses. Join us as Tiffani shares her personal journey to becoming comfortable with being uncomfortable, and her insights on the value of adopting a growth mindset, both personally and professionally.

PRGXchange Virtual - Cultivating Your Growth Mindset

In today’s world, it is more important than ever for companies to prepare for the unknown. Companies are faced with the challenge of navigating financial and operational challenges of coronavirus while ensuring that the needs of their people, customers, and suppliers are met. As our working environment continues to evolve, so does the need for businesses to ensure that data privacy and security is a top priority across their operations. This becomes increasingly challenging with the rapid transition to remote working environments. In addition, compliance with new privacy and security laws across the globe, presents a challenge of its own. This webinar will outline the importance of privacy and security in the source-to-pay cycle, local and international law/regulations impacting recovery audit vendors, and the important security measures that PRGX is taking as we shift to a new preventive approach and real time audits.

Evolution of Data Privacy & Security across Source-to-Pay

Businesses will continue to look for ways to increase cash flow and improve ROI in order to maximize working capital going into 2021. An often-overlooked way to do this is through the evolution and expansion of current or long-standing AP Recovery audits.
 
This webinar will explore the opportunity of identifying new claim types and often ignored operation areas to expand scope and return additional money back to the bottom line. Attendees will also learn how company data can be used to research and identify new opportunity areas to support the expansion and guide project expansion.

Accounts Payable Recovery Audit Scope Expansion for Higher ROI

PRGX

Recovery Audit

Accounts Payable

Audit

Finance Directors

Internal audit and compliance professionals are facing increasingly stringent regulatory requirements when it comes to compliance reporting and internal control procedures. Join the audit and compliance community to learn best practices from thought leaders on topics such as regulatory compliance, internal audit checklists and audit program strategies.

Audit and Compliance

Effective financial management strategies can help organizations meet their business objectives. The financial management community on BrightTALK is made up of engaged finance and accounting professionals. Find relevant webinars and roundtable discussions featuring financial planning advice from industry thought leaders and insights into optimizing financial reporting, accounting, risk management and value measurement.

Financial Regulation

Get powerful finance insights for your business. Connect with experts and colleagues to get the most up-to-date knowledge that will help you to determine which financial factors build or erode value in your organization.

Finance

Get powerful financial planning and analytics insights for your business. Connect with experts and colleagues to get the most up-to-date knowledge and drive optimal financial performance for your company.

Financial Planning and Analysis

Join this new, vibrant community to learn and connect with top thought leaders, startups and banks who are disrupting the financial services industry. Keep up with the latest news and trends in Fintech and take part in lively debates on topical issues and challenges.

Fintech

The accounting and finance community on BrightTALK features presentations from leading accountants and finance professionals. The accounting community includes tax planning strategies, QuickBooks webinars and other accounting webinars, while the finance community features presentations on financial capital regulations and forensic data analytics. Join the conversation by attending live financial and accounting presentations and connecting with industry thought leaders.

Get powerful procurement and sourcing insights for your business. Connect with experts and colleagues to get the most up-to-date knowledge on which strategies are proving to be the most effective for managing vendors, improving performance and reducing cost.

Procurement and Sourcing

In the business management community, commercial experts will be sharing webinars and videos on an array of subjects. From sales and marketing, to finance, productivity and growth, this content will help you stay up-to-date with the current economic environment and provide timely management insight to drive business growth.

Accounts Payable Recovery Audit Scope Expansion for Higher ROI

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About this talk

PRGX Global