GlobeNewswire Inc | Nov 3, 2020 08:00AM EST

November 03, 2020

ATLANTA, Nov. 03, 2020 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq: PRGX), a global leader in recovery audit and spend analytics services, announced it was a featured speaker at ProcureCon Indirect on October 28 and will present at Procurement Leaders World Procurement Congress on November 4, 2020 at 2 PM GMT.

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 Jon Daniells gave a presentation on Building a Diverse Supplier Base and Partnering for Mutual Growth at this years virtual ProcureCon Indirect. Daniells will also present a case study at Procurement Leaders World Procurement Congress demonstrating how companies can adopt a preventative approach to contract audits, including:

-- 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 todays modern procurement, supply chain and source-to-pay cycle.

For more information on PRGX or to schedule a meeting around World Procurement Congress, please visit: https://www.prgx.com/contact/

About PRGX

PRGX helps companies spot value in their source-to-pay processes that other sophisticated solutions didnt 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 $1.2 billion in annual cash flow. Its 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.

Media Contact:Jacob HamiltonArketi Groupjhamilton@arketi.com