Document:

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                                                                   EXHIBIT 10.20

                               NINTH AMENDMENT TO
                                CREDIT AGREEMENT

         THIS NINTH AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as
of March 15, 2001, is by and among THE PROFIT RECOVERY GROUP INTERNATIONAL,
INC., a Georgia corporation (the "Borrower"), certain Subsidiaries of the
Borrower (each a "Subsidiary Guarantor", and collectively, the "Subsidiary
Guarantors"), the Lenders party hereto and BANK OF AMERICA, N.A., formerly
NationsBank, N.A., as Agent for the Lenders (the "Agent"). All capitalized terms
used herein and not otherwise defined herein shall have the meanings given to
such terms in the Credit Agreement (as defined below).

                                  WITNESSETH:

         WHEREAS, the Borrower, the Subsidiary Guarantors, the Lenders and the
Agent entered into that certain Credit Agreement dated as of July 29, 1998 (as
amended or modified from time to time, the "Credit Agreement");

         WHEREAS, the parties hereto have agreed to amend the Credit Agreement
as set forth herein;

         WHEREAS, the Borrower has requested and the Lenders have agreed to
consent to certain transactions otherwise prohibited by the Credit Agreement and
continue to make available to the Borrower the Loans as provided under the
Credit Agreement subject to the terms and conditions specified in the Amendment;

         NOW, THEREFORE, in consideration of the agreements contained herein and
other good and valuable consideration, the parties hereby agree as follows:

         1.       New Definitions. The following definitions are hereby added to
Section 1.1 of the Credit Agreement in the appropriate alphabetical order and
shall read as follows:

                           "Communications Division" means that certain division
                  of PRG USA which provides telecommunications auditing, custom
                  application development, and advisory services including
                  telecom bill auditing and optimization, call accounting and
                  reporting, contract negotiation and projects requiring secure
                  internet-based transaction processing.

                           "Discontinued Operations" means a collective
                  reference to (i) the Communications Division, (ii) the
                  Logistics Division, (iii) the Meridian Business and (iv) the
                  Ship & Debit Division, and "Discontinued Operation" means any
                  one of them.

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                           "Groupe Alma Business" means (i) the Capital Stock of
                  PRG France S.A. and its Subsidiaries or (ii) all or
                  substantially all of the assets of PRG France S.A. and its
                  Subsidiaries.

                           "Logistics Division" means that certain division of
                  PRG USA which provides audits of freight related disbursements
                  to identify and recover overpayments including specialization
                  in ocean freight, truck freight, rail freight and overnight
                  freight.

                           "Meridian Business" means (i) the Capital Stock of
                  Meridian and its Subsidiaries or (ii) all or substantially all
                  of the assets of Meridian and its Subsidiaries.

                           "PRG USA" means The Profit Recovery Group USA, Inc.,
                  a Georgia corporation.

                           "Ship & Debit Division" means the discrete unit
                  within PRG USA responsible for providing revenue recovery
                  services to electronic manufacturers and similar businesses.

         2.       Amended Definitions.

                  (a)      The definitions of "Acquisition Period", "Adjusted
         Leverage Ratio", "Attributed Principal Amount", "Receivables", and
         "Securitization Transaction" set forth in Section 1.1 of the Credit
         Agreement are each hereby deleted in their entirety from the Credit
         Agreement.

                  (b)      The definition of "Applicable Percentage" set forth
         in Section 1.1 of the Credit Agreement is hereby amended and restated
         in its entirety to read as follows:

                           "Applicable Percentage" means, for purposes of
                  calculating the applicable interest rate for any day for any
                  Revolving Loan, the applicable rate of the Unused Fee for any
                  day for purposes of Section 3.5(b) and the applicable rate of
                  the Letter of Credit Fee for any day, the appropriate
                  applicable percentage corresponding to the Leverage Ratio in
                  effect as of the most recent Calculation Date:

<TABLE>
<CAPTION>
          ==================================================================================================================
                                                                     APPLICABLE       APPLICABLE
                                                   APPLICABLE        PERCENTAGE       PERCENTAGE
                                                 PERCENTAGE FOR         FOR              FOR                APPLICABLE
             PRICING           LEVERAGE            EURODOLLAR        BASE RATE        LETTER OF           PERCENTAGE FOR
              LEVEL             RATIO                LOANS             LOANS         CREDIT FEES           UNUSED FEES
          ------------------------------------------------------------------------------------------------------------------
          <S>               <C>                  <C>                 <C>             <C>                  <C>
                I            < 1.0 to 1.0           1.00%              0.0%            1.00%                0.25%
          ------------------------------------------------------------------------------------------------------------------
                II         < 1.5 to 1.0 but >=      1.25%              0.0%            1.25%                0.25%
                               1.0 to 1.0
          ------------------------------------------------------------------------------------------------------------------
               III         < 2.0 to 1.0 but >=      1.50%              0.0%            1.50%                0.30%
                               1.5 to 1.0
          ------------------------------------------------------------------------------------------------------------------
                IV         < 2.5 to 1.0 but >=      1.75%             0.25%            1.75%               0.375%
                               2.0 to 1.0
          ------------------------------------------------------------------------------------------------------------------
                V           >= 2.5 to 1.0           2.25%             0.75%            2.25%                0.50%
          ==================================================================================================================
</TABLE>

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                  The Applicable Percentages shall be determined and adjusted
                  quarterly on the date (each a "Calculation Date") five
                  Business Days after the date by which the Borrower is required
                  to provide the officer's certificate in accordance with the
                  provisions of Section 7.1(c) for the most recently ended
                  fiscal quarter of the Consolidated Parties; provided, however,
                  if the Borrower fails to provide the officer's certificate to
                  the Agency Services Address as required by Section 7.1(c) for
                  the last day of the most recently ended fiscal quarter of the
                  Consolidated Parties preceding the applicable Calculation
                  Date, the Applicable Percentage from such Calculation Date
                  shall be based on Pricing Level V until such time as an
                  appropriate officer's certificate is provided, whereupon the
                  Applicable Percentage shall be determined by the Leverage
                  Ratio as of the last day of the most recently ended fiscal
                  quarter of the Consolidated Parties preceding such Calculation
                  Date. Each Applicable Percentage shall be effective from one
                  Calculation Date until the next Calculation Date. Any
                  adjustment in the Applicable Percentages shall be applicable
                  to all existing Loans as well as any new Loans made or issued.

                  (c)      The definition of "Consolidated EBIT" set forth in
         Section 1.1 of the Credit Agreement is hereby amended and restated in
         its entirety to read as follows:

                           "Consolidated EBIT" means, for any period, the sum of
                  (i) Consolidated Net Income for such period, plus (ii) an
                  amount which, in the determination of Consolidated Net Income
                  for such period, has been deducted for (A) Consolidated
                  Interest Expense and (B) total federal, state, local and
                  foreign income, value added and similar taxes, all as
                  determined in accordance with GAAP plus (iii) for the fiscal
                  quarter ending December 31, 2000, the non-recurring non-cash
                  expenses identified on Schedule 1.1(c) attached hereto to the
                  extent charged to expense during such quarter plus (iv) all
                  compensation costs charged to expense in such period in order
                  to retain employees of any Discontinued Operation or the
                  Groupe Alma Business so long as actual cash payments of such
                  costs are not made prior to the sale of such Discontinued
                  Operation or the Groupe Alma Business, as applicable.

                  (d)      The definition of "Consolidated EBITDA" set forth in
         Section 1.1 of the Credit Agreement is hereby amended and restated in
         its entirety to read as follows:

                           "Consolidated EBITDA" means, for any period, the sum
                  of (i) Consolidated Net Income for such period, plus (ii) an
                  amount which, in the determination of Consolidated Net Income
                  for such period, has been deducted for (A) Consolidated
                  Interest Expense, (B) total federal, state, local and foreign

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                  income, value added and similar taxes and (C) depreciation and
                  amortization expense, all as determined in accordance with
                  GAAP plus (iii) for the fiscal quarter ending December 31,
                  2000, the non-recurring non-cash expenses identified on
                  Schedule 1.1(c) attached hereto to the extent charged to
                  expense during such quarter plus (iv) all compensation costs
                  charged to expense in such period in order to retain employees
                  of any Discontinued Operation or the Groupe Alma Business so
                  long as actual cash payments of such costs are not made prior
                  to the sale of such Discontinued Operation or the Groupe Alma
                  Business, as applicable.

                  (e)      The definition of "Consolidated Interest Expense" set
         forth in Section 1.1 of the Credit Agreement is hereby amended and
         restated in its entirety to read as follows:

                           "Consolidated Interest Expense" means, for any
                  period, interest expense (including the amortization of debt
                  discount and premium, the interest component under Capital
                  Leases and the implied interest component under Synthetic
                  Leases) of the Consolidated Parties on a consolidated basis
                  for such period, as determined in accordance with GAAP.

                  (f)      The definition of "Consolidated Net Income" set forth
         in Section 1.1 of the Credit Agreement is hereby amended and restated
         in its entirety to read as follows:

                           "Consolidated Net Income" means, for any period, net
                  income (excluding any extraordinary items) after taxes for
                  such period of the Consolidated Parties on a consolidated
                  basis, as determined in accordance with GAAP; provided that,
                  for purposes of determining compliance with the Fixed Charge
                  Coverage Ratio covenant in Section 7.11(i) and the Leverage
                  Ratio covenant in Section 7.11(ii), there shall be excluded
                  from Consolidated Net Income (a) any net book loss realized in
                  such period from the sale of any Discontinued Operation or the
                  Groupe Alma Business in accordance with Section 8.5(iv) and
                  (b) any "mark to market" net book loss in such period required
                  in accordance with GAAP to be recorded prior to the sale of
                  any Discontinued Operation or the Groupe Alma Business (if the
                  Groupe Alma Business is declared a discontinued operation by
                  the board of directors of the Borrower).

                  (g)      The definition of "Fixed Charge Coverage Ratio" set
         forth in Section 1.1 of the Credit Agreement is hereby amended and
         restated in its entirety to read as follows:

                           "Fixed Charge Coverage Ratio" means, as of the end of
                  each fiscal quarter of the Consolidated Parties for the twelve
                  month period ending on such date, the ratio of (a) the sum of
                  (i) Consolidated EBIT for the applicable period plus (ii)
                  Consolidated Rental Expense for the applicable period plus
                  (iii) any amortization of intangible assets for the applicable
                  period to (b) the sum of (i) Consolidated Interest Expense for
                  the applicable period plus (ii) Consolidated Rental Expense
                  for the applicable period.

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                  (h)      The following sentence is hereby added at the end of
         the definition of "Funded Indebtedness" set forth in Section 1.1 of the
         Credit Agreement:

                           Notwithstanding the foregoing, the liabilities of
                  Meridian International, Meridian N. America and Meridian Japan
                  referenced in Section 8.1(i) shall not be considered Funded
                  Indebtedness for purposes hereof.

                  (i)      Subclause (m) of the definition of "Indebtedness" set
         forth in Section 1.1 of the Credit Agreement is hereby amended and
         restated in its entirety to read as follows:

                           (m) the aggregate amount of uncollected accounts
                  receivable of such Person subject at such time to a sale of
                  receivables (or similar transaction) to the extent such
                  transaction is effected with recourse to such Person (whether
                  or not such transaction would be reflected on the balance
                  sheet of such Person in accordance with GAAP).

                  (j)      The definition of "Pro Forma Compliance Certificate"
         set forth in Section 1.1 of the Credit Agreement is hereby amended and
         restated in its entirety to read as follows:

                           "Pro Forma Compliance Certificate" means a
                  certificate of an Executive Officer of the Borrower delivered
                  to the Agent in connection with (i) the sale of any
                  Discontinued Operation or the Groupe Alma Business or (ii) a
                  Permitted Acquisition and containing reasonably detailed
                  calculations, upon giving effect to the applicable transaction
                  on a pro forma basis, of the financial covenants set forth in
                  Section 7.11.

                  (k)      The definition of "Net Cash Proceeds" set forth in
         Section 1.1 of the Credit Agreement is hereby amended and restated in
         its entirety to read as follows:

                           "Net Cash Proceeds" means the aggregate cash proceeds
                  received by the Consolidated Parties in respect of any Asset
                  Disposition, Equity Issuance or sale of any Discontinued
                  Operation or the Groupe Alma Business, net of (a) direct costs
                  (including, without limitation, legal, accounting and
                  investment banking fees, sales commissions and compensation
                  related expenses) and (b) taxes paid or payable as a result
                  thereof; it being understood that "Net Cash Proceeds" shall
                  include, without limitation, any cash received upon the sale
                  or other disposition of any non-cash consideration received by
                  the Consolidated Parties in any Asset Disposition, Equity
                  Issuance or sale of any Discontinued Operation or the Groupe
                  Alma Business.

                  (l)      Subclauses (vi) and (vii) of the definition of
         "Permitted Acquisition" are each hereby amended and restated in their
         entirety to read as follows:

                           (vi) unless otherwise approved in writing by the
                  Required Lenders, the cost of such Acquisition (including cash
                  and non-cash consideration and any

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                  assumption of liabilities) shall not exceed $15,000,000 and
                  (vii) unless otherwise approved in writing by the Required
                  Lenders, after giving effect to such Acquisition, the
                  aggregate consideration (including cash and non-cash
                  consideration and any assumption of liabilities) for all such
                  Acquisitions in any fiscal year of the Borrower shall not
                  exceed $30,000,000.

                  (m)      Subclause (xii) of the definition of "Permitted
         Liens" set forth in Section 1.1 of the Credit Agreement is hereby
         deleted in its entirety from the definition of "Permitted Liens" set
         forth in Section 1.1 of the Credit Agreement.

         3.       Accounting.

                           (a)      The following two sentences are hereby added
                  at the end of the first paragraph of Section 1.3 of the Credit
                  Agreement and shall read as follows:

                           All financial statements delivered to the Lenders
                  hereunder shall be accompanied by a demonstration (in form and
                  substance satisfactory to the Agent) of the accounting
                  adjustments necessary to eliminate the impact of Staff
                  Accounting Bulletin #101 ("SAB #101") of the United States
                  Securities and Exchange Commission. All calculations made for
                  the purposes of determining compliance with this Credit
                  Agreement shall be performed without giving effect to SAB
                  #101.

                           (b)      The following sentence is hereby added at
                  the end of the second paragraph of Section 1.3 of the Credit
                  Agreement and shall read as follows:

                           Furthermore, the parties hereto agree that, for
                  purposes of all calculations made under the financial
                  covenants set forth in Section 7.11 after any Asset
                  Disposition (including without limitation a sale of any
                  Discontinued Operation or the Groupe Alma Business) or to
                  determine pro forma compliance with respect to any such Asset
                  Disposition, such calculations shall be conducted in a manner
                  similar to any calculation related to a Permitted Acquisition
                  in similar circumstances except that the applicable income
                  statement items and Indebtedness attributable to the Person or
                  Property related to the applicable Asset Disposition shall be
                  excluded (rather than included) from such calculation.

         4.       Mandatory Prepayment. Section 3.3(b)(ii) of the Credit
Agreement is hereby amended and restated in its entirety to read as follows:

                           (ii)     Asset Disposition. Upon the sale of any
                  Discontinued Operation or the Groupe Alma Business, the
                  Borrower shall immediately prepay the Loans in an aggregate
                  amount equal to one hundred percent (100%) of the Net Cash
                  Proceeds received from any such sale.

         5.       Application of Mandatory Prepayments. A new Section
3.3(b)(iii) is hereby added to the Credit Agreement and shall read as follows:

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                           (iii)    Application of Mandatory Prepayments. All
                  amounts required to be paid pursuant to Section 3.3(b) shall
                  be applied first to the Revolving Loans and (after all
                  Revolving Loans have been repaid) to a cash collateral account
                  to secure LOC Obligations. Within the parameters of the
                  applications set forth above, prepayments shall be applied
                  first to Base Rate Loans and then to Eurocurrency Loans in
                  direct order of Interest Period maturities. All prepayments
                  under this Section 3.3(b) shall be subject to Section 3.12.

         6.       Revolving Committed Amount. A new Section 3.4(c) is hereby
added to the Credit Agreement and shall read as follows:

                           (c)      Mandatory Reduction. Following the sale of a
                  Discontinued Operation or the sale of the Groupe Alma Business
                  pursuant to the terms of Section 8.5(iv), if the Credit
                  Parties fail (within 180 days of such sale) to make a
                  Permitted Acquisition with the Net Cash Proceeds received from
                  such sale, the Revolving Committed Amount automatically shall
                  be permanently reduced by an amount equal to fifty percent
                  (50%) of the amount of the Net Cash Proceeds received from
                  such sale not reinvested in a Permitted Acquisition within 180
                  days of such sale.

         7.       Subsidiaries. The following sentence is hereby added at the
end of Section 6.13 of the Credit Agreement and shall read as follows:

                  Schedule 6.13 may be updated from time to time by the Borrower
                  by giving written notice thereof to the Agent.

         8.       Governmental Regulations. Section 6.14(a) of the Credit
Agreement is hereby amended and restated in its entirety to read as follows:

                           (a)      No part of the Letters of Credit or proceeds
                  of the Loans will be used, directly or indirectly, in any
                  manner that would constitute a violation of Regulation T,
                  Regulation U or Regulation X. "Margin stock" within the
                  meaning of Regulation U does not constitute more than 25% of
                  the value of the consolidated assets of the Consolidated
                  Parties. None of the transactions contemplated by this Credit
                  Agreement (including, without limitation, the direct or
                  indirect use of the proceeds of the Loans) will violate or
                  result in a violation of the Securities Act of 1933, as
                  amended, or the Securities Exchange Act of 1934, as amended,
                  or regulations issued pursuant thereto, or Regulation T, U or
                  X. If requested by any Lender or Administrative Agent, the
                  Borrower will furnish to the Agent and each Lender a statement
                  to the effect of the foregoing sentences in conformity with
                  the requirements of FR Form U-1 referred to in Regulation U.

         9.       Leverage Ratio. Section 7.11(ii) of the Credit Agreement is
hereby amended and restated in its entirety to read as follows:

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                           (ii)     Leverage Ratio. The Leverage Ratio, as of
                  the last day of each fiscal quarter of the Consolidated
                  Parties, shall be less than or equal to:

                                    (a)      From December 31, 2000 to and
                                             including December 30, 2001, 3.0 to
                                             1.0; and

                                    (b)      From December 31, 2001 and
                                             thereafter, 2.75 to 1.0.

         10.      Indebtedness. Section 8.1(i) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows:

                           (i)      liabilities appearing on the balance sheet
                  of Meridian International, Meridian N. America and Meridian
                  Japan due to GAAP accounting treatment of the accounts
                  receivable subject to the Factoring Agreement.

         11.      Liens. Section 8.2 of the Credit Agreement is hereby amended
and restated in its entirety to read as follows:

                  8.2      Liens.

                           The Credit Parties will not permit any Consolidated
                  Party to contract, create, incur, assume or permit to exist
                  any Lien with respect to any of its Property (other than any
                  "margin stock" within the meaning of Regulation U), whether
                  now owned or after acquired, except for Permitted Liens.

         12.      Asset Dispositions. Section 8.5 of the Credit Agreement is
hereby amended and restated in its entirety to read as follows:

                  8.5      Asset Dispositions.

                           The Credit Parties will not permit any Consolidated
                  Party to make any Asset Disposition (including, without
                  limitation, any Sale and Leaseback Transaction) other than:

                                    (i)      the sale of inventory in the
                           ordinary course of business for fair consideration;

                                    (ii)     the sale or disposition of
                           machinery and equipment no longer used or useful in
                           the conduct of such Person's business;

                                    (iii)    the sale of accounts receivable to
                           the Factor pursuant to the Factoring Agreement;

                                    (iv)     the sale by the Credit Parties of
                           any Discontinued Operation and the Groupe Alma
                           Business, provided that (a) no later than five (5)
                           Business Days prior to any such sale, the Borrower
                           shall have

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                           delivered to the Agent a certificate of the chief
                           financial officer of the Borrower setting forth the
                           estimated aggregate consideration and estimated Net
                           Cash Proceeds to be received for such Discontinued
                           Operation or the Groupe Alma Business, as applicable,
                           (b) no later than five (5) Business Days prior to any
                           such sale, the Borrower shall have delivered to the
                           Agent, a Pro Forma Compliance Certificate
                           demonstrating that, upon giving effect to such sale
                           on a pro forma basis, the Credit Parties shall be in
                           compliance with all of the covenants set forth in
                           Section 7.11 and (c) the Credit Parties shall
                           immediately prepay the Loans as required by Section
                           3.3(b)(ii) with the Net Cash Proceeds received from
                           the sale of such Discontinued Operation or the Groupe
                           Alma Business, as applicable;

                                    (v)      the sale, transfer or other
                           disposition of "margin stock" within the meaning of
                           Regulation U; and

                                    (vi)     other sales of assets (other than
                           any Discontinued Operation and the Groupe Alma
                           Business) during any fiscal year having an aggregate
                           fair market value of less than an amount equal to 10%
                           of Total Assets of the Consolidated Parties.

                           Upon a sale of assets permitted by this Section 8.5,
                  the Agent shall deliver to the Borrower, upon the Borrower's
                  request and at the Borrower's expense, such documentation as
                  is reasonably necessary to evidence the release of the Agent's
                  security interest in such assets.

         13.      Schedule 6.13. Schedule 6.13 of the Credit Agreement is hereby
amended and restated in its entirety to read as provided on Schedule 6.13
attached hereto.

         14.      Conditions Precedent.

                  (a)      This Amendment shall become effective upon the
         receipt by the Agent of counterparts of this Amendment, duly executed
         by the Borrower, the Subsidiary Guarantors, the Agent and the Required
         Lenders.

                  (b)      The Agent shall have received a legal opinion from
         counsel to the Credit Parties in form and substance satisfactory to the
         Agent.

                  (c)      The Borrower shall pay to the Agent, for the account
         of each Lender who (i) provides positive oral consent to the Amendment
         on or before March 9, 2001 and (ii) executes this Amendment on or
         before March 15, 2001, an amendment fee equal to 0.125% of such
         Lender's Revolving Commitment.

         15.      Miscellaneous.

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<PAGE>   10

                  (a)      The term "Credit Agreement" as used in each of the
         Credit Documents shall hereafter mean the Credit Agreement as amended
         by this Amendment. Except as herein specifically agreed, the Credit
         Agreement, and the obligations of the Credit Parties thereunder and
         under the other Credit Documents, are hereby ratified and confirmed and
         shall remain in full force and effect according to their terms.

                  (b)      The Credit Parties acknowledge and confirm (i) that
         the Agent, on behalf of the Lenders, has a valid and enforceable first
         priority security interest in the Collateral, (ii) that the Borrower's
         obligation to repay the outstanding principal amount of the Loans and
         reimburse the Issuing Lender for any drawing on a Letter of Credit is
         unconditional and not subject to any offsets, defenses or
         counterclaims, (iii) that the Agent and the Lenders have performed
         fully all of their respective obligations under the Credit Agreement
         and the other Credit Documents, and (iv) by entering into this
         Amendment, the Lenders do not waive or release any term or condition of
         the Credit Agreement or any of the other Credit Documents or any of
         their rights or remedies under such Credit Documents or applicable law
         or any of the obligations of any Credit Party thereunder.

                  (c)      The Credit Parties represent and warrant to the
         Lenders that (i) the representations and warranties of the Credit
         Parties set forth in Section 6 of the Credit Agreement are true and
         correct as of the date hereof, (ii) no event has occurred and is
         continuing which constitutes a Default or an Event of Default and
         (iii) no Credit Party has any counterclaims, offsets, credits or
         defenses to the Credit Documents and the performance of its obligations
         thereunder, or if any Credit Party has any such claims, counterclaims,
         offsets, credits or defenses to the Credit Documents or any transaction
         related to the Credit Documents, same are hereby waived, relinquished
         and released in consideration of the Lenders' execution and delivery of
         this Amendment.

                  (d)      This Amendment may be executed in any number of
         counterparts, each of which when so executed and delivered shall be an
         original, but all of which shall constitute one and the same
         instrument. It shall not be necessary in making proof of this Amendment
         to produce or account for more than one such counterpart.

                  (e)      This Amendment shall be governed by and construed in
         accordance with, the laws of the State of Georgia.

                  (f)      This Amendment shall be binding upon and inure to the
         benefit of the parties hereto and their respective successors and
         assigns.

                  (g)      The Borrower and the Guarantors, as applicable,
         affirm the liens and security interests created and granted in the
         Credit Agreement and the Credit Documents and agree that this Amendment
         shall in no manner adversely affect or impair such liens and security
         interests.

                  (h)      Each Credit Party hereby represents and warrants as
         follows:

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<PAGE>   11

                           (i)      Each Credit Party has taken all necessary
                  action to authorize the execution, delivery and performance of
                  this Amendment.

                           (ii)     This Amendment has been duly executed and
                  delivered by the Credit Parties and constitutes each of the
                  Credit Parties' legal, valid and binding obligations,
                  enforceable in accordance with its terms, except as such
                  enforceability may be subject to (i) bankruptcy, insolvency,
                  reorganization, fraudulent conveyance or transfer, moratorium
                  or similar laws affecting creditors' rights generally and (ii)
                  general principles of equity (regardless of whether such
                  enforceability is considered in a proceeding at law or in
                  equity).

                           (iii)    No consent, approval, authorization or order
                  of, or filing, registration or qualification with, any court
                  or governmental authority or third party is required in
                  connection with the execution, delivery or performance by any
                  Credit Party of this Amendment.

                  (i)      The Guarantors (i) acknowledge and consent to all of
         the terms and conditions of this Amendment, (ii) affirm all of their
         obligations under the Credit Documents and (iii) agree that this
         Amendment and all documents executed in connection herewith do not
         operate to reduce or discharge the Guarantors' obligations under the
         Credit Agreement or the other Credit Documents.

                  (j)      This Amendment together with the other Credit
         Documents represent the entire agreement of the parties and supersedes
         all prior agreements and understandings, oral or written if any,
         relating to the Credit Documents or the transactions contemplated
         herein and therein.

            [The remainder of this page is intentionally left blank.]

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<PAGE>   12

         Each of the parties hereto has caused a counterpart of this Amendment
to be duly executed and delivered as of the date first above written.

BORROWER:                            THE PROFIT RECOVERY GROUP
                                     INTERNATIONAL, INC., a Georgia corporation

                                     By: /s/ DONALD E. ELLIS, JR.
                                        ----------------------------------------
                                     Name:   Donald E. Ellis, Jr.
                                           -------------------------------------
                                     Title:  Exec. VP & CFO
                                           -------------------------------------

SUBSIDIARY
GUARANTORS:                          PRGFS, INC.
                                     PRGLS, INC.
                                     PRGRS, INC., each a Delaware corporation

                                     By: /s/ DONALD E. ELLIS, JR.
                                        ----------------------------------------
                                     Name:   Donald E. Ellis, Jr.
                                           -------------------------------------
                                     Title:  Exec. VP & CFO
                                           -------------------------------------

<PAGE>   13

SUBSIDIARY
GUARANTORS:                          THE PROFIT RECOVERY GROUP USA, INC.
                                     THE PROFIT RECOVERY GROUP U.K., INC.
                                     THE PROFIT RECOVERY GROUP ASIA,
                                          INC.
                                     THE PROFIT RECOVERY GROUP CANADA,
                                          INC.
                                     THE PROFIT RECOVERY GROUP NEW
                                          ZEALAND, INC.
                                     THE PROFIT RECOVERY GROUP
                                          NETHERLANDS, INC.
                                     THE PROFIT RECOVERY GROUP BELGIUM,
                                          INC.
                                     THE PROFIT RECOVERY GROUP MEXICO,
                                          INC.
                                     THE PROFIT RECOVERY GROUP FRANCE,
                                          INC.
                                     THE PROFIT RECOVERY GROUP
                                          AUSTRALIA, INC.
                                     THE PROFIT RECOVERY GROUP
                                          GERMANY, INC.
                                     PRG INTERNATIONAL HOLDING
                                          COMPANY, INC.
                                     THE PROFIT RECOVERY GROUP
                                          SWITZERLAND, INC.
                                     THE PROFIT RECOVERY GROUP SOUTH
                                          AFRICA, INC.,
                                     THE PROFIT RECOVERY GROUP
                                          SPAIN, INC.
                                     THE PROFIT RECOVERY GROUP
                                          ITALY, INC.,
                                     THE PROFIT RECOVERY GROUP
                                          GREECE, INC.,
                                     THE PROFIT RECOVERY GROUP
                                          PORTUGAL, INC.,
                                     PAYMENT TECHNOLOGIES, INC., each a
                                     Georgia corporation

                                     By: /s/ DONALD E. ELLIS, JR.
                                        ----------------------------------------
                                     Name: Donald E. Ellis, Jr.
                                           -------------------------------------
                                     Title: Exec VP & CFO
                                           -------------------------------------

<PAGE>   14

AGENT:                               BANK OF AMERICA, N.A.,
                                     (formerly NationsBank, N. A.),
                                     individually in its capacity as a
                                     Lender and in its capacity as Agent

                                     By: /s/ CHRIS A. FIELDS
                                        ----------------------------------------
                                     Name: Chris A. Fields
                                           -------------------------------------
                                     Title: Vice President
                                           -------------------------------------

LENDERS:                             UNION BANK OF CALIFORNIA, N.A.

                                     By: /s/ HAGOF V. JAZADARIAN
                                        ----------------------------------------
                                     Name: Hagof V. Jazadarian
                                           -------------------------------------
                                     Title: Vice President
                                           -------------------------------------

                                     FIRST UNION NATIONAL BANK

                                     By: /s/ DAVID L. DRIGGERS
                                        ----------------------------------------
                                     Name: David L. Driggers
                                           -------------------------------------
                                     Title: Senior Vice President
                                           -------------------------------------

                                     WACHOVIA BANK, N.A.

                                     By: /s/ KATHERINE W. GUSTA
                                        ----------------------------------------
                                     Name: Katherine W. Gusta
                                           -------------------------------------
                                     Title: Senior Vice President
                                           -------------------------------------

                                     FLEET NATIONAL BANK

                                     By:
                                        ----------------------------------------
                                     Name:
                                           -------------------------------------
                                     Title:
                                           -------------------------------------

<PAGE>   15

                                     CREDIT LYONNAIS NEW YORK BRANCH

                                     By: /s/ ATTILA KOC
                                        ----------------------------------------
                                     Name:   Attila Koc
                                           -------------------------------------
                                     Title:  Senior Vice President
                                           -------------------------------------

                                     SUNTRUST BANK

                                     By: /s/ DONALD S. KOMITOR
                                        ----------------------------------------
                                     Name:   Donald S. Komitor
                                           -------------------------------------
                                     Title:  Director
                                           -------------------------------------

                                     By: /s/ BRANDON GULL
                                        ----------------------------------------
                                     Name:  Brandon Gull
                                           -------------------------------------
                                     Title: Associate
                                           -------------------------------------

                                     CREDIT AGRICOLE INDOSUEZ

                                     By: /s/ PATRICK CONQUEREL
                                        ----------------------------------------
                                     Name:  Patrick Conquerel
                                           -------------------------------------
                                     Title:  EVP Managing Director
                                           -------------------------------------

                                     By:  /s/ MICHAEL R. QUINAY
                                        ----------------------------------------
                                     Name:  Michael R. Quinay
                                           -------------------------------------
                                     Title:  VP, Sr. Manager
                                           -------------------------------------

                                     LASALLE BANK NATIONAL ASSOCIATION

                                     By:  /s/ HEATHER J. BERTELL
                                        ----------------------------------------
                                     Name:  Heather J. Bertell
                                           -------------------------------------
                                     Title: Vice President
                                           -------------------------------------

<PAGE>   16

                                 Schedule 1.1(c)

                                 Non-Cash Items

         1.       Bad Debt                   $3,700,000

         2.       Draw Balances              $2,900,000

         3.       Long Term Assets           $1,400,000<PAGE>   1

                                                                   Exhibit 10.23

                            COMPENSATION ARRANGEMENTS
                                  JOHN M. TOMA
                                      2001

JOHN M. TOMA
VICE CHAIRMAN

    Effective March 1, 2000 Mr. Toma receives a base salary of $400,000 with a
target bonus potential of 50 percent of his base salary, with a maximum
potential bonus of 100 percent of his base salary based upon the Company's
annual performance. In addition, Mr. Toma is eligible to receive, for 2001, up
to a maximum of 100,000 options if earnings per share for 2001 are greater than
150 percent of 2000 adjusted earnings per share. Mr. Toma will also be entitled
to receive a pro-rata share of options if earnings per share for 2001 are
between 130 percent and 149 percent of 2000 adjusted earnings per share. Any
options granted to Mr. Toma would be granted at fair market value as of the end
of 2001 and would vest over a four-year period at 25 percent per year. In
addition, the Company has agreed to make annual contributions in the amount of
$65,000 per year to a deferred compensation program for Mr. Toma, which amounts
will vest 50 percent immediately and the remainder over a ten-year period. If
Mr. Toma is terminated other than for cause or if Mr. Toma resigns for "Good
Reason" (as defined similarly in Mr. Cook's employment arrangement, with the
additional qualifying event of Mr. Cook's removal without cause as Chief
Executive Officer of the Company), he is eligible to receive a severance benefit
consisting of (1) two years of base salary, target bonus and auto allowance, (2)
a contribution of two years of the annual deferred compensation credit to a
rabbi trust established for deferred compensation, and (3) payment of employee
COBRA premiums, plus a full state and federal tax gross-up of any applicable
excise taxes on items (1) through (3). The Company also has agreed to provide
Mr. Toma with certain other personal benefits. Mr. Toma's employment agreement
will automatically renew on December 31, 2001 and provides for automatic
one-year renewals at the expiration of each year of employment, subject to prior
notice of non-renewal by the Board of Directors.

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