PRGX Announces Multi-Year Contract With Kroger

10/17/17

ATLANTA, Oct. 17, 2017 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq:PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced the signing of a multi-year SaaS technology services contract with The Kroger Co. to provide supplier communications and support services using PRGX’s Lavante® Supplier Information Management (SIM) technology platform. This solution will give Kroger the ability to provide its suppliers with easier access to billing details thereby enabling resolution of billing and claims inquiries in a more timely, effective and cost-efficient manner. Delivery of services will begin later this year and ramp up through the first half of 2018.

“We are very proud of our relationship with Kroger, and particularly, Kroger’s recognition of our value proposition of helping reduce costs and optimize the effectiveness of vendor management programs,” said Ron Stewart, president and CEO of PRGX. “This technology solution is an important and logical extension of our Recovery Audit Services business and represents solid progress on our commitment to use our clients’ data to deliver EBITDA and working capital improvement opportunities on a large scale.”

About PRGX

PRGX Global, Inc. is a global leader in Recovery Audit and Spend Analytics services. With over 1,500 employees, the Company serves clients in more than 30 countries and provides its services to 75% of the top 20 global retailers and over 30% of the top 50 companies in the Fortune 500. PRGX delivers more than $1 billion in cash flow improvement for its clients each year. The creator of the recovery audit industry more than 40 years ago, PRGX continues to innovate through technology and expanded service offerings. In addition to Recovery Audit, PRGX provides Contract Compliance, Spend Analytics and Supplier Information Management services to improve clients' financial performance and manage risk. For additional information on PRGX, please visit www.prgx.com.

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