PRGX OPTIX® Suite Powers Adjacent Services Momentum
15 June 2018 - 6:57AM
PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery Audit
and Spend Analytics services, today announced that the company has
expanded its Adjacent Services business with three customer wins
powered by the PRGX OPTIX® SaaS suite.
The PRGX OPTIX suite is a set of scalable analytics tools that
provide clients actionable insights on their source-to-pay business
processes. PRGX OPTIX runs on PRGX’s proprietary big data
processing infrastructure and can rapidly analyze millions of rows
of data, allowing clients to identify and address areas of spend
leakage.
“We have strategically invested in the development and expansion
of our PRGX OPTIX SaaS platform to create even greater value for
our clients,” said Ron Stewart, President and CEO of PRGX. “We’re
very pleased to see the positive response from our clients who are
embracing our OPTIX suite and advisory services to leverage our
deep experience and expertise in source-to-pay spend
analytics.”
First, PRGX has won a significant M&A synergy engagement for
a leading retailer. M&A synergy engagements are a core offering
of the PRGX Advisory and Analytics practice. PRGX is advising
this client on post-merger synergy realization leveraging the PRGX
Product OPTIXTM module to efficiently analyze over 35 million
product SKUs.
PRGX also has two additional recent wins in the United Kingdom,
where the PRGX Payment OPTIXTM module is being deployed to support
compliance with the Duty to Report on Payment Practices and
Performance legislation. The legislation requires companies to
publish certain information about their payment practices on a
digital platform provided by the U.K. government. The clients, both
members of the Fortune Global 500, are using PRGX Payment OPTIX to
efficiently process, cleanse and clarify their ERP data to provide
an accurate view on their U.K. payment performance.
For more information about PRGX and the PRGX OPTIX suite visit
https://www.prgx.com/.
About PRGXPRGX Global, Inc. is a global
leader in Recovery Audit and Spend Analytics services. With
over 1,500 employees, the Company serves clients in more than 30
countries and provides its services to 75% of the top 20 global
retailers and over 30% of the top 50 companies in the Fortune 500.
PRGX delivers more than $1 billion in cash flow improvement for its
clients each year. The creator of the recovery audit industry more
than 40 years ago, PRGX continues to innovate through technology
and expanded service offerings. In addition to Recovery Audit, the
Company provides Contract Compliance, Spend Analytics and Supplier
Information Management services to improve clients’ financial
performance and manage risk. For additional information on PRGX,
please visit www.prgx.com
Forward-Looking Statements
In addition to historical information, this press release
includes certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such
statements include both implied and express statements regarding
the Company's overall condition and growth prospects, the Company's
execution of its business strategy, and the value provided to the
Company’s clients. Such forward-looking statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from the historical results or from any results expressed or
implied by such forward-looking statements. Risks that could
affect the Company's future performance include revenue that does
not meet expectations or justify costs incurred, the Company's
ability to develop material sources of new revenue in addition to
revenue from its core recovery audit services, changes in the
market for the Company's services, the Company's ability to retain
and attract qualified personnel, the Company's ability to integrate
recent and future acquisitions, uncertainty in the credit markets,
the Company's ability to maintain compliance with its financial
covenants, client bankruptcies, loss of major clients, and other
risks generally applicable to the Company's business. For a
discussion of other risk factors that may impact the Company's
business, please see the Company's filings with the Securities
and Exchange Commission. The Company disclaims any obligation
or duty to update or modify these forward-looking statements.
Media ContactMichele
Mahonmichele.mahon@prgx.com770.779.3212
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