The Importance of a Mature Contract Compliance Audit Program
November 9, 2020
Modern procurement has matured into a complicated, multi-tiered arena. While the global marketplace and technology have introduced efficiencies, opened markets, and tapped new suppliers, these same advances come with risks that must be managed. A mature contract compliance audit program reduces an organization’s vulnerability to a number of costly errors that can negatively impact earnings. Download our eBook to learn how a comprehensive contract audit program can help mitigate paying more than contracted for a good or service, the erosion of negotiated savings through undisclosed charges, rogue or off-contract spending, and financial penalties as a result of data privacy regulations.
Here’s what you’ll find inside:
- What a mature contract compliance audit program entails
- The benefits of a mature contract audit program
- How to navigate supplier risk management challenges
- The application and mechanics of a mature audit program