So, why do you need us to perform a contract compliance audit for you? Dealing with contracts can be a stressful undertaking due to the penalties of breaking even the smallest conditions. We go through the contract and make sure all parties are adhering to the agreement. How do you know that your partners are holding up their end of the deal? Contract compliance audits make sure your contractors are delivering within the terms of the agreement so you are not losing money or being shorted on deliverable.
You need a contract compliance audit to simplify complex contracts. To help you in the process of reviewing your contracts, we help sort out any holes or unclear points within the contract to make sure they are being fulfilled. We have specialists that have seen many similar contracts and can help guide you through understanding both yours and your partners obligations in accordance to the contract. We analyze the contract terms and identify any problematic or weak areas and make suggestions on how to articulate your position in the deal, to gain what you want. During this audit process, we will identify any vague or ambiguous language within the contract, making sure you completely understand every aspect.
Another important point in initializing a contract compliance audit is when there is large amounts of money involved. In large contracts, the likelihood of gaining unnecessary costs increases. With our expertise, we can deter this extraneous spending. Another unnecessary cost that can be avoided, that we can help with, is making sure the terms are set up properly to ensure against the unnecessary costs of needing to be invoiced in the future. We have worked with others on many different contracts and make sure there is a thorough plan for costs and payments to negate future invoicing, verifying that everything is covered up-front. As a big benefit to you is that during this audit, we will also identify any billing errors or future billing errors that may be incurred and assessments on how to recover those costs.
Of course, a very important factor of having a contract compliance audit is to determine that both parties are following procedures and terms laid out in the contract properly and ethically. It is important to make sure you are not being shorted or cheated, and are on the bad side of a deal. Although, it can be just as important, if not more so, to ensure your party is following all terms properly to avoid any legal recourse or any degradation in your business relationship. This can mitigate the risk of exposure of any wrong doings before they become a larger issue. This will greatly enhance the relationship between the parties involved.
To get more information, contact us.