We have partnered with PRGX to provide a web-based, hassle free, Software as a Service (SaaS) solution, that helps procurement executives better understand and manage their spend.

PRGX SpendTrax^TM arms procurement professionals with the tools to determine and execute the optimal sourcing strategy for each commodity and supplier, reducing both supply risk and total cost. PRGX SpendTrax^TM enables procurement professionals to quickly access and analyse global demand and spend, inventory availability, supplier performance, supplier risk and allocations, and contract compliance. With PRGX SpendTrax^TM, companies leverage spend globally across all buying entities and reduce the supplier base to an optimal number of closely managed supplier partners. PRGX SpendTrax^TM helps lower the cost of goods sold, increases productivity, and increases supply predictability with the highest sustainable results.

• Spend Analysis provides procurement professionals with visibility at the item-level across systems, functions and divisions - enabling them to improve sourcing decisions and lower purchasing costs.
• Supplier Management provides a single view of each supplier, and an extensive range of analytics and functions to support collaboration & knowledge sharing through the organisation resulting in better control over the supply base, reduced operational risk and better purchasing and finance processes.
• Contract Management covers the process of recording and maintaining a contract throughout its life cycle.  When integrated with the Spend Analysis module at a detailed level, PRGX SpendTrax™ provides the ability to monitor contract compliance.
• Payment Analysis/Self Audit is designed to deliver valuable analysis and reporting to a range of internal stakeholders; finance managers, A/P staff, procurement staff and internal auditors.  It enables the identification of potential duplicate/erroneous payments and an internal A/P overpayments analysis & recovery