PRGX Strengthens Its Spend Optimization Service With Launch of New PRGX SpendTrax(TM) Tool
PRGX Global, Inc.
18.10.2011 17:41
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ATLANTA, 2011-10-18 17:40 CEST (GLOBE NEWSWIRE) --
PRGX Global, Inc. (Nasdaq:PRGX), a business analytics and information services
firm, announced today the launch of PRGX SpendTrax(TM) version 3. This new
version of PRGX's core spend analytics tool significantly enhances PRGX's Spend
Optimization suite of services with features and functionalities that allow
both private and public sector organizations to rapidly gain visibility into
their spend, accurately monitor their spend, identify spending trends and
patterns, manage vendor and spend compliance, and identify opportunities to
capture savings.
'PRGX SpendTrax is one of our key tools for driving insights from 'big data
analytics' leveraging our clients' accounts payable and contracting data,' said
Romil Bahl, PRGX president and CEO. 'Spend Optimization services are a natural
adjacency to our core recovery audit services, given that we already have
insights into our clients' spend. Importantly, we have a unique differentiated
approach in this significant and growing market - we are not pure consultants
and are not a software company. By combining PRGX SpendTrax with the category
and sourcing expertise from our procurement advisory capabilities, PRGX brings
rapid, real and measurable value to clients.'
As an intuitive and easy to use software-as-a-service, or 'SaaS' application,
the new version of PRGX SpendTrax provides a holistic overview of a company's
spend. Spend visibility is provided through enhanced graphical views, savings
opportunities are pinpointed with the new 'Opportunity Analysis' dashboard,
compliance is tracked using the innovative 'Spend Under Management'
functionality, and risk across procurement and payables is monitored through
the advanced reporting functionality. In short, PRGX SpendTrax equips
procurement teams with a road map for significant value generation through
better buying, compliance and process improvement.
Sajid Ghani, Global Managing Director of PRGX Business Analytics, said, 'This
latest version of PRGX SpendTrax is a giant leap forward in empowering clients
with new insights and savings opportunities. We have listened to our clients to
understand the needs of procurement teams and have incorporated what we learned
into an enhanced version of our established data analytics product. This
updated tool strengthens all three key stages of our service - the aggregation
of client data, appropriate classification of that data through data mining and
the generation of a visual representation of where savings can be found.'
About PRGX Global, Inc.
Headquartered in Atlanta, Georgia, PRGX Global, Inc. is the world's leading
provider of recovery audit services. With more than 1,400 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(tm), a unique combination of audit, analytics and advisory
services that improves client financial performance. Beyond its core retail
practice, PRGX is actively expanding into services to the healthcare industry.
Further details can be found at www.prgx.com
CONTACT: PRGX Global, Inc.
Alexandra Gobbi, Vice President, Marketing and Communications
+1.770.779.3253
Fax: +1.770.779.3195
alexandra.gobbi@prgx.com
600 Galleria Parkway, Suite 100
Atlanta, GA 30339
PRGX Business Analytics
Clare Mathieson
Marketing Executive
731 Capability Green,
Luton, LU1 3LU.
United Kingdom
+44 1582 395 800
Clare.Mathieson@prgx.com
News Source: NASDAQ OMX
18.10.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: PRGX Global, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US69357C5031
WKN:
End of Announcement DGAP News-Service
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PRGX Global, Inc.
18.10.2011 17:41
---------------------------------------------------------------------------
ATLANTA, 2011-10-18 17:40 CEST (GLOBE NEWSWIRE) --
PRGX Global, Inc. (Nasdaq:PRGX), a business analytics and information services
firm, announced today the launch of PRGX SpendTrax(TM) version 3. This new
version of PRGX's core spend analytics tool significantly enhances PRGX's Spend
Optimization suite of services with features and functionalities that allow
both private and public sector organizations to rapidly gain visibility into
their spend, accurately monitor their spend, identify spending trends and
patterns, manage vendor and spend compliance, and identify opportunities to
capture savings.
'PRGX SpendTrax is one of our key tools for driving insights from 'big data
analytics' leveraging our clients' accounts payable and contracting data,' said
Romil Bahl, PRGX president and CEO. 'Spend Optimization services are a natural
adjacency to our core recovery audit services, given that we already have
insights into our clients' spend. Importantly, we have a unique differentiated
approach in this significant and growing market - we are not pure consultants
and are not a software company. By combining PRGX SpendTrax with the category
and sourcing expertise from our procurement advisory capabilities, PRGX brings
rapid, real and measurable value to clients.'
As an intuitive and easy to use software-as-a-service, or 'SaaS' application,
the new version of PRGX SpendTrax provides a holistic overview of a company's
spend. Spend visibility is provided through enhanced graphical views, savings
opportunities are pinpointed with the new 'Opportunity Analysis' dashboard,
compliance is tracked using the innovative 'Spend Under Management'
functionality, and risk across procurement and payables is monitored through
the advanced reporting functionality. In short, PRGX SpendTrax equips
procurement teams with a road map for significant value generation through
better buying, compliance and process improvement.
Sajid Ghani, Global Managing Director of PRGX Business Analytics, said, 'This
latest version of PRGX SpendTrax is a giant leap forward in empowering clients
with new insights and savings opportunities. We have listened to our clients to
understand the needs of procurement teams and have incorporated what we learned
into an enhanced version of our established data analytics product. This
updated tool strengthens all three key stages of our service - the aggregation
of client data, appropriate classification of that data through data mining and
the generation of a visual representation of where savings can be found.'
About PRGX Global, Inc.
Headquartered in Atlanta, Georgia, PRGX Global, Inc. is the world's leading
provider of recovery audit services. With more than 1,400 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(tm), a unique combination of audit, analytics and advisory
services that improves client financial performance. Beyond its core retail
practice, PRGX is actively expanding into services to the healthcare industry.
Further details can be found at www.prgx.com
CONTACT: PRGX Global, Inc.
Alexandra Gobbi, Vice President, Marketing and Communications
+1.770.779.3253
Fax: +1.770.779.3195
alexandra.gobbi@prgx.com
600 Galleria Parkway, Suite 100
Atlanta, GA 30339
PRGX Business Analytics
Clare Mathieson
Marketing Executive
731 Capability Green,
Luton, LU1 3LU.
United Kingdom
+44 1582 395 800
Clare.Mathieson@prgx.com
News Source: NASDAQ OMX
18.10.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: PRGX Global, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US69357C5031
WKN:
End of Announcement DGAP News-Service
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