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.
“Absent a mature contract compliance audit program, a business is vulnerable to any number of costly errors, including paying more than contracted for a good or service, erosion of negotiated savings through undisclosed charges, rogue or off-contract spending, and financial penalties as a result of data privacy regulations, all of which can have an adverse effect on earnings.”
Download The Importance of a Mature Contract Audit Program eBook to learn more about:
- What a Mature Contract Compliance Audit Program Entails
- The Benefits of a Mature Contract Audit Program
- Supplier Risk Management Challenges
- The Mechanics of a Mature Audit Program
