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PRGX Advanced AnalyticsPRGX

PRGX Advanced Analytics combines deep data and consulting expertise with advanced technology to rapidly uncover actionable insights that unlock the value in your data, shaping healthier businesses.

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Vendor

PRGX

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Company Website

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A comprehensive approach with whole business health benefits

Complete visibility Connecting data and information into a single system to provide a transparent, holistic view of opportunity, risk and operations. Accelerated time to value Leveraging artificial intelligence, machine learning, data science and decades of experience, we quickly and securely turn large volumes of disparate data into valuable insights with whole business impact. Healthier margins Using LumenTM, PRGX proprietary data analytics technology to go above and beyond what can be found in audits to drive cash flow and increase margins, now and for the future.

What is Advanced Analytics?

What is the goal of Advanced Analytics? Jin Ro, PRGX Chief Analytics Officer, provides an overview of the PRGX Advanced Analytics solution and how our analytics software helps strengthens businesses by identifying key insights into merchandise, spend, payment, and contract data.

Face these challenges with confidence

Cash flow optimization

Business growth relies on a steady stream of working capital to fund initiatives. With our analytical expertise we find and monetize inefficiencies creating immediate and lasting opportunities to optimize your cash flow in areas including:

  • Days payable outstanding (DPO)
  • Days inventory outstanding (DIO)
  • Days sales outstanding (DSO)
  • Accounts payable transformation.

Inconsistent spend categorization

Spend visibility, categorization and normalization issues result in untapped potential in your systems and processes. Our big data technology identifies the root cause of issues and provides actionable insights and remediation strategies regarding:

  • Spend classification and vendor normalization
  • Advanced category analytics
  • Category wave planning and opportunity assessment
  • Category strategy and tail spend planning
  • Control of spend under management
  • Long-term category playbooks

Complex system architecture

For many businesses, where legacy systems span multiple business units, geographies and locations, there’s value hidden in the complexity of the landscape. We quickly and accurately pull together diverse data pools to identify opportunity, minimize risk and optimize operations.

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