PRGX
PRGX
Global - insights into Global Infrastructure & IT Operations
digitalisation norms . “ We started back in the day when there were literally boxes of paper delivered to the office ,” Green said . “ Somebody would sort through that paper and look for points of leakage by physically reviewing documents .”
Now the world turns at a more rapid pace . When customers request an audit , their transaction data could include several hundred terabytes or even petabytes . “ It ’ s not uncommon ,” Green told me , “ to have databases that are billions of rows deep . Analyzing such large volumes of complex data requires automation and industry expertise , which is why we pair our advanced technology platform with people who are very familiar with that specific client to maximize our ability to find leakage .”
Before advances in automation , audit teams often found the leakage too late and elapsed time frames made a full recovery difficult , if not impossible . “ If we go back to supplier one and tell them that we overpaid them a million dollars based on the discount program they had in place from 2019 ,” Green explained , “ they ’ re going to say , what do you expect me to do about it now ?” Often , this forced companies to enter negotiations and reach settlements that involved discounts on future purchases a solution that struck them as far from ideal .
AI and automation have since changed the playing field . PRGX is leading the digital transformation , aspiring to automate as much as possible . Rather than being a post-event auditor , they seek to be a pre-event partner , helping companies identify and mitigate potential points of leakage . “ PRGX ’ s transformation ,” Green said , “ is occurring as we speak .”
Most companies would benefit from this expert level of digitalisation : unprecedented
92 August 2021