What is Accounts Payable Recovery Audit?

John Heighway, PRGX VP of Business Development for UK and Europe, dives into the PRGX accounts payable recovery audit solution.

Standard accounts payable audits address common errors in procurement and accounts payable processes, which can result in as much as 5% to 10% of profit being lost. Yet without a plan to stop the leakage, that profit loss will surely continue.

What is the goal of a PRGX accounts payable recovery audit?

The goal is to not only find leaks and recoup funds, but to identify the root cause then provide insights and recommendations to address these issues and stop them from recurring in future. PRGX accounts payable recovery audits look for missed discounts, duplicate payments and under-deductions - all worth millions of dollars.

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