Fintech

PRGX Global (NASDAQ:PRGX), a global leader in recovery audit and spend analytics services announced that the company has expanded its adjacent services business with three customer wins powered by PRGX OPTIX SaaS suite. As quoted in the press release: The PRGX OPTIX suite is a set of scalable analytics tools that provide clients actionable insights …

PRGX Global (NASDAQ:PRGX), a global leader in recovery audit and spend analytics services announced that the company has expanded its adjacent services business with three customer wins powered by PRGX OPTIX SaaS suite.

As quoted in the press release:

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.

Click here for the full text release.

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