Establishing a Foundation of Trust by Integrating 合同合规性审计 Programs into Operations (Part Two of Three) [Graphic Recording]
With the volume and complexity of today’s indirect spend categories, 事务数, 和合同条款, the validation process can be exceedingly difficult. 和, even though various planning and accounting systems have controls in place to monitor transactions, they are not always effective. The benefits of integrating a contract compliance audit program to clarify assumptions and strengthen supplier relationships are featured below in part two of our new graphic animation series.
When it comes to third-party transactions, the validation process is complex. Indirect spend can be fragmented across many subcategories, with specific characteristics sourced by different individuals. Contract terms have to be matched to transaction details, and volumes can reach into the tens or hundreds of thousands. 和, these activities must be completed across disparate departments and systems.
To simplify the process and monitor transactions, organizations often use controls through their Enterprise Resource Planning and accounting systems.
然而, those safeguards may not be as effective for all contract structure and compensation models, as not all goods or services have a specific unit price or quantity that is easily measured or monitored.
So, how can you ensure that you are truly receiving the negotiated contract value?
Contract compliance audits can clarify assumptions, allowing companies to confirm that all parties are performing in line with negotiated terms. 也, an audit program can enhance 透明度, 问责制, and trust—critical to any healthy, 富有成效的关系.
最终, by making contract compliance audits an integral part of your corporate DNA, you can mitigate losses associated with non-compliance and uncover risks that often go undetected. 最后, this process can establish good governance while helping to build and protect shareholder value.
Want more information about contract compliance audits and the benefits of adopting this powerful but often overlooked tool? SC&H组’s 合同合规性审计 葡京官网 white paper discusses how to implement a contract compliance audit process and manage an audit strategy with limited resources. 点击这里 to read this white paper today.
了解更多葡京官网SC&H组 can help you reduce costs and develop greater trust, 透明度, and 问责制 with third-party suppliers, 点击这里.