Case Study: a national specialty retailer unlocks $22M in working capital with PRGX Contract Management

National Specialty Retailer - Customer Case Study

A national specialty retailer sought to free up capital for strategic growth but was hindered by outdated ERP systems and manual processes that made it difficult to analyze payment terms across hundreds of supplier agreements. The vendor, PRGX, leveraged its proprietary AI-powered Contract Insights platform to address this challenge.

PRGX rapidly extracted and analysis revealed that over half of the suppliers were being paid earlier than required, enabling the client to execute a targeted renegotiation strategy and update its systems. These actions, implemented by PRGX, unlocked $22 million in working capital and drove over $2.8 million in interest savings for the retailer.