Transparent Group B.V., the P2P data mining services provider, announces record $250 billion in spend data received from its global clients in October.
Historical Client payable data, protected by RSA secured servers and encryption protocols, is analyzed by Transparent’s advanced proprietary software to detect discrepancies and identify opportunities to increase the client’s bottom line. The results will return tens of millions of dollars in lost cash to the clients. Furthermore, the valuable information derived from Transparent’s spend analytics as well as best practice recommendations provide additional insight to our clients, which results in increased EBITDA and cash in the bank.
Willem-Jeroen Stevens, CEO of Transparent, “We are honored to be trusted with our client’s spend data. Our contingency-fee based approach and the performance we deliver for clients that often operate on a global scale, continues to fuel our success and growth. I am proud of our teams for reaching this incredible milestone and confident we will continue the success. Currently we will reach 90% growth this year and over 50% next year, which is a testament to our people, capabilities and results.”
Transparent identifies and recovers our client’s inadvertent overpayments and provides valuable insight for potential future savings – helping its clients improve their bottom line. A disbursement review by Transparent offers a variety of services and support, such as a real-time Client Portal, Active Benchmarking and best practice recommendations.
Founded in 2000, Transparent is ‘The Financial Data Monetizer.’ Through the use of proprietary and innovative data mining software tools and accompanying services, Transparent creates value out of its client’s raw data by discovering and recovering vendor overpayments, duplicate payments, tax credits, open credits and unclaimed property. Transparent deploys continuously evolving technology, best-in-class service and international experts to optimize its clients' efficiency, processes and financial strength.
By continuously empowering its clients to achieve their maximum potential, Transparent has established its reputation as one of the fastest growing global data mining and recovery audit service provider in the industry. Transparent’s achievements have been recognized by Deloitte twice, in the Technology Fast500™ EMEA (2013) and Technology Fast50™ (2011).
Headquartered in the Netherlands, Transparent has offices in several key European capitals, Mexico, South Africa and India, with Pinpoint powered by Transparent as entity in the USA. Transparent has processed worldwide over USD 3 Trillion in spend data to date. The company is provided with an innovative capital solution by RiverRock European Opportunities Fund (RiverRock EOF). For more information visit: www.transparent.eu or www.transparentusa.com.
For more information:
Eric van Marle (VP Global Sales & Marketing)
T: +31 (0)6 13 53 39 58
T +31 (0)20 468 46 48