Drilling for Truth: Nine Common Contract Compliance Myths [White Paper]
June 11, 2021
How Procurement Professionals Are Helping Oil and Gas Executives to Embrace Audit Realities, Improve Efficiency, and Maximize Savings
A contract compliance audit can be a powerful tool for oil and gas executives.
The implementation of a well-executed and efficient audit can help companies:
- Increase supplier transparency.
- Recover overpayments.
- Improve processes.
- Strengthen internal controls.
- Identify contract enhancement opportunities.
In this white paper, we dispel nine common audit myths that frequently persist in organizations without extensive contract compliance audit experience. Understanding these myths can help companies make more informed decisions about the costs and benefits of contract compliance audits.
Ultimately, by helping oil and gas executives to overcome the discussed nine misbeliefs, procurement professionals can ensure that their companies realize the full benefits of a contract compliance audit investment. In turn, they are maximizing supplier efficiency, communication, and savings—all of which secure a powerful competitive advantage.
Download now to learn more.