Continuously deliver valuable insights and analysis to a range of internal stakeholders.

The purchase ledger supports a high volume of transactions and a substantial amount of an organisation's cost. Management rightly has a wealth of controls in place to manage the purchase and payment processes; but some level of value can still be lost through erroneous overpayments and processing inefficiencies.

To reduce these risks, it is vital to have timely and accurate information. A relatively small investment in spend intelligence can quickly pay much larger dividends. The PRGX AuditTrax™ Continuous Control Monitoring (CCM) module is designed to deliver valuable analysis and reporting to a range of internal stakeholders; finance managers, A/P staff, procurement staff and internal auditors.

The module can be quickly interfaced with your purchase ledger data, providing your organisation with a wide range of analyses. The scope and range of reporting is continuously being enhanced as we accumulate more and more ‘payments data’ experience with many multi-national organisations and public sector entities.

Provide high value analytics to a broad range of management and operational users.

A major feature PRGX AuditTrax™ Continuous Control Monitoring is the depth and utility of the analytics provided. This module includes:

• Overpayments analysis (duplicate payments)
• VAT exceptions reporting
• Fraud and higher risk transactional analysis
• Measurement and benchmarking of processes
• Analysis by individual suppliers & internal departments/business units
• Volume analysis

Web-based PRGX AuditTrax Continuous Control Monitoring can be quickly linked to your purchase ledger data, providing high value analytics to a broad range of management and operational users. Reporting is provided via dashboards, graphs, detailed table form reports and dynamic drill through capability to individual transactions lines is easily available. Access is securely controlled and can be arranged at individual business unit level. Of course, if you have multiple purchase ledger data sources, then the application can create a single view of all payments and identify potential payment issues across ledgers.

Save money, enhance process and manage risk

PRGX AuditTrax™ Continous Control Monitoring is an excellent companion for all major payment centres or for organisations with several separate purchase or payments functions. The comprehensive reporting suite can compliment your internal reporting functions and provide the following key benefits:

• Identification of potential duplicate/erroneous payments -> obtain a rapid return on investment and cash otherwise lost
• Conduct internal A/P overpayments audits
• Measure and monitor process efficiency -> identify gaps and monitor real improvements
• Enhance internal control and compliance -> gain additional assurance and investigate exceptions

PRGX AuditTrax™ Continuous Control Monitoring is being used by some of the world’s largest companies to save money, enhance process and manage risk. We can provide a solution tailored to your purchase ledger reporting requirements and provide analytics on a weekly, monthly or quarterly basis. Furthermore, we can offer a range of fee options to meet almost any budget requirement.