LONDON, Nov. 7, 2011 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq:PRGX), the world's leader in recovery audit and the pioneer in Profit DiscoveryTM, will showcase the power of accounts payable (AP) data and analytics at the 2011 AP Evolution conference, which will be held November 9 and 10 at Wokefield Park, Reading.
Adam Simon, managing director for new business development will discuss insights gained from the most recent PRGX AP Productivity Index at a roundtable discussion on November 9. The session will help participants understand performance drivers in AP and identify the most appropriate performance metrics. Using 2010 data from more than 29 organizations across the globe, participants will be provided with benchmarks on key efficiency and effectiveness metrics such as cost per supplier invoice processed and AP operating cost as a percentage of annual purchase value. The session will also help participants develop a roadmap to drive improvements.
In the conference's exhibition hall, PRGX will provide attendees with a demonstration of the PRGX APTraxTM and PRGX SpendTraxTM tools. PRGX APTrax represents an important component of PRGX's Next Generation Recovery Audit service offering. Built from deep expertise with payments data, PRGX APTrax enables users to continuously monitor payment-related activity, capture and prevent potential overpayments, improve processes, manage suppliers and monitor other AP risks and controls. An intuitive and easy to use software-as-a-service, or "SaaS" application, the newly released version 3 of PRGX SpendTrax provides users with full visibility of their spend and the ability to rapidly and easily analyze categories at the line-item level to identify savings opportunities.
The educational sessions and exhibit hall are part of the second annual conference hosted by IAPP-UK, a branch of not-for-profit membership association International Accounts Payable Professionals and its parent organization, The Institute of Financial Operations.
"We're delighted to be supporting the development of IAPP in the UK, both as a major sponsor and as a presenter," Simon said. "Last year's first-ever IAPP conference was a great step forward in building recognition of the importance of the AP function and AP professionals. This year, PRGX is showcasing how core AP data can be analyzed and leveraged to help drive improvements both within AP and also across the Procure-to-Pay process."
Thomas M. Bohn, president and CEO of The Institute, says PRGX's active participation in the conference has been invaluable. "Partnering with a company of this stature on both our AP Productivity Index and our events like this one brings an incredible amount of research, knowledge, and added value to our members," he said. "PRGX is helping make our members and their organizations more competitive in the marketplace, and that's good for all of us."
About PRGX Global, Inc.
Headquartered in Atlanta, Georgia, PRGX Global, Inc. is the world's leading provider of recovery audit services. With approximately 1,500 employees, the company operates and serves clients in more than 30 countries and provides its services to over 75% of the top 30 global retailers. PRGX is also pioneering Profit Discovery, a unique combination of audit, analytics and advisory services that improves client financial performance. For additional information, please visit PRGX at www.prgx.com.
About IAPP
IAPP-UK is part of The Institute of Financial Operations, an umbrella organization that includes International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing & Payables (NAPP), and The Association for Work Process Improvement (TAWPI). Based in Orlando, Fla. with offices in Boston and London, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations, with a particular focus on accounts payable, accounts receivable, procure-to-pay, automation, document management, and data capture. The association has more than 6,000 members.