Contract Compliance Solutions
Bridge the gap from contract negotiation to execution, ensuring that every promise made is a promise kept.
Choosing the right vendor and negotiating terms is an art… but ensuring you get 100% of the agreed-upon value often gets overlooked. Can you confidently say you're extracting every bit of negotiated value?
FlexTecs’ contract compliance solutions hold vendors accountable without risking burned bridges so that your organization gets the full value of what was negotiated.
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Build a high-value contract compliance program.
Determine which suppliers should be reviewed.
Leverage custom technology that sifts through your data and identifies the best suppliers to review.
Drive continuous improvement.
In most organizations, due diligence and contract negotiation get all of the attention.
But what happens after?
In many companies, the journey typically ends at contract negotiation, leaving a significant gap in post-agreement oversight. The absence of a dedicated procure-to-pay (P2P) department in most organizations amplifies this challenge. Without a robust contract compliance system, there's a real risk that the hard-won terms of your agreements might not be fully realized – and worse, it could go unnoticed.
Is the value I negotiated being delivered?
Are there gaps in our contracts we need to address?
How do I measure supplier performance?
How do I determine which suppliers should be audited?
How do we create an audit program without hurting our key supplier relationships?
To bridge this gap, you need expertise to navigate contractual complexity, address the root causes, and safeguard your valued supplier relationships.
That’s what FlexTecs gives you.
Individual Contract Compliance Audit
Identify and recover financial leakage within individual contracts…and prevent errors from happening again.
Contract Compliance Program
Standardize, strengthen, and scale your contract compliance program so that it aligns with the larger business objectives.
“They understood our culture and how we work with suppliers immediately.”
“From contract negotiation to understanding the sensitivity of our data and security requirements, they understood everything and immediately learned our culture and how we work with suppliers. They are VERY strategic and they easily integrated into our team and business.”
— Operations Director, Top National Retailer
20+
Audit leaders with 20+ years of contract compliance audit experience
With Flextecs, you get expertise, agility, and global scale to deliver more value, faster. (and at a lower cost)
Whether you lean on us to build your contract compliance program from scratch or to improve your existing program, with FlexTecs, you don’t have to choose between experience, speed, and cost.
We deliver more speed and scale.
We leverage custom technology to accelerate and scale contract reviews across your entire supplier base.
We offer more expertise.
Our contract compliance team has decades of experience helping the world’s largest enterprises improve and accelerate their contract compliance programs.
And we do it all at a more competitive rate. Our experienced global delivery team enables lean, round-the-clock review.
1-5%
Commonly uncover 1-5% error rates and leakage
Go from identification…to resolution…
to true prevention.
Yes, we help you uncover financial leakage within your contracts, but our decades of experience in the trenches of contracts have enabled us to go beyond identification and recovery, returning even more value.
Recover unclaimed value today, unlock future savings tomorrow.
Identify and recover financial leakage and promote future cost savings.
Root cause awareness AND corrective action.
Understand the root cause and develop mechanisms that prevent non-compliance continuously.
Strengthen your contract standards and controls.
Strengthen and build a high-value contract compliance program, automating whatever you can, and streamlining everything else.
5-10x
5-10x ROI from recoveries and annualized future cost savings
Operationalize your data to drive continuous improvement in your contracts (and your supplier relationships).
With decades of experience in supplier payment accuracy alongside smarter technology, the FlexTecs team knows how to ingest massive data sets and find the story within that data.
Identify Suitable Suppliers With our risk-based supplier selection, we can help you select the most valuable suppliers to include in your audit.
Get the clarity and visibility needed to:
Drive Accuracy Illuminate the path to clearer contract provisions and more accurate cost calculations.
Benchmark Supplier Performance Ensure you’re working with the best vendor (and not just the best salesperson).
Drive Continuous Improvement Leverage audit learnings to improve future contracts, increase transparency into vendor's costs and profit, and drive greater margin retention over time.
Audit suppliers across any spend category...
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Services
Hardware
Software
Special Projects
Co-location
Development
E-commerce
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Repair & Maintenance
Construction
Real Estate
HVAC
Janitorial
Environmental Services
Waste & Recycling
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Tools
Equipment
Consumables
Supplies
Machinery
Furniture
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Marketing
Sales
IT Management
Administration
Accounting & Payroll
Manufacturing
Advertising
Printing
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Shipping & Freight
Warehousing
Automation
Equipment
Fleet Management
Materials
Packaging
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Royalties
Leases
Outsourcing Services
Commodity Sourcing
Brokerage Services
Travels
Utilities
Training
“FlexTecs empowers people through data.”
“FlexTecs has a global presence yet is incredibly nimble. With the ability and resources to handle massive amounts of data, they empower people through data. They’re skilled at making sense of the data, turning it into a story that’s not overwhelming but common sense to understand then use to make decisions.”
— Finance Leader, Multinational Retailer
Standardize, strengthen, and scale your contract compliance program with experienced professionals at your side.
Increase profitability (without increasing your costs).
With contingency pricing, contract compliance programs are self-funded.
Accelerate your recoveries (without compromising depth).
With our custom technology, we’re able to complete a supplier audit within 12 weeks and get money back in your pocket in as little as 3-5 months.
Ensure proper execution of contracts (without harming your relationships).
When both parties understand contractual expectations, there’s less conflict going forward.
Leverage deep expertise and experience (without the ego).
Our experienced team of contract compliance experts is used to navigating complex and ambiguous contract terms across virtually every business expense category.
Get more speed and coverage (without more work).
When you combine technology with methodical processes and deep expertise, the result is more audit coverage in less time (AND with less effort on your end).
How It Works
FlexTecs guides you through the process of improving your current contract compliance program or establishing one from scratch.
Here’s how:
01. We listen carefully to understand your goals.
02. We develop a custom audit program and help you select suitable vendors.
03. We evaluate areas of potential risk to test for accuracy and compliance with contract provisions.
04. We help you collect overpayments, resolve issues, and prevent future leakage.
05. We enable you to learn from our findings, so you can strengthen future contracts.
Recover more value, faster, and at a lower cost.
Not ready? Shoot us your email and we’ll send you more information!
The transaction data used in FlexTrap is stripped of any value to hackers. Even still, we make your data security a priority. It is processed and managed in our secure, private cloud.