CONTRACT COMPLIANCE AUDITING
Get everyone on the same page with a Contract Compliance Audit.
A contract compliance audit from FlexTecs helps businesses overcome supplier contract challenges, reduce profit leakage, and empower procurement professionals to set a tone of transparency, insight, and accountability within supplier relationships.
Our contract compliance audit expertise spans across two decades, helping you identify and eliminate gaps, mitigate risk, and recover revenue leakage.
Even the most vigilant contract management process can’t catch all noncompliance, risking lost value that your procurement and sales professionals have worked so diligently to negotiate. With a contract compliance audit from FlexTecs, you can rest assured knowing that you’re maximizing cash flow, minimizing operational errors internally and externally, securing future saving opportunities, and laying a foundation for stronger supplier relationships.
Minimize your spend with more accurate Total Cost of Ownership.
Identify and recover overpayments, under-deductions, and missed savings across various contract pricing structures.
Cost Plus
Time + Materials
Unit Rate
Lump Sum
Maximize your revenue with true sales + licensing calculations.
With a FlexTecs revenue audit, you can ensure that you’re capturing all of the royalties and licensing fees negotiated in your channel / distributor contracts.
Maximize your revenue with true sales + licensing calculations.
With a FlexTecs revenue audit, you can ensure that you’re capturing all of the royalties and licensing fees negotiated in your channel / distributor contracts.
Improve Processes and Reduce Errors
More clarity means better communication. Our audit insights help your business strengthen contract language, verify third party data, and continuously assess your internal controls. This not only ensures greater data integrity, but also illuminates the path to more effective communications, more accurate cost calculations, and future savings.
Improve processes and reduce errors.
More clarity means better communication. Our audit insights help your business strengthen contract language, verify third party data, and continuously assess your internal controls. This not only ensures greater data integrity, but also illuminates the path to more effective communications, more accurate cost calculations, and future savings.
Drive Accountability, Transparency, and Alignment
Contract compliance audits mitigate risk, align business processes with internal controls and contractual intent, and facilitate supplier compliance by identifying gaps and suggesting solutions for both buyers and suppliers.
But at the end of the day, it’s about more than just creating a culture of compliance... it’s about clarity and transparency - which makes for stronger, more productive supplier relationships.
But at the end of the day, it’s about more than just creating a culture of compliance... it’s about clarity and transparency - which makes for stronger, more productive supplier relationships.
Drive accountability, transparency, and alignment.
A contract compliance audit mitigates risk, aligns business processes with internal controls and contractual intent, and facilitates supplier compliance by identifying gaps and suggesting solutions for both buyers and suppliers.
But at the end of the day, it’s about more than just creating a culture of compliance... it’s about clarity and transparency - which makes for stronger, more productive supplier relationships.
But at the end of the day, it’s about more than just creating a culture of compliance... it’s about clarity and transparency - which makes for stronger, more productive supplier relationships.
When to leverage FlexTecs' Contract Compliance Audit services
01
As a one-off review, or when creating an ongoing commercial assurance program
02
To independently review the effectiveness of a contract management approach
03
When a supplier or vendor shows signs of unreliability
04
When you want to ensure compliance periodically throughout long-term contracts
05
When a contract is terminated or a new RFP is issued
06
When your company undergoes any major change such as a merger or acquisition
07
When your organization undergoes any significant personnel changes
08
When your supplier or vendor has complex contract terms, operational challenges, or inadequate controls
Retail Contract Compliance Solutions
REVENUE AUDITS
For royalties, licensing, and channel / distributor contracts
For royalties, licensing, and channel / distributor contracts
EXPENSE AUDITS
For contracts related to goods and services not for resale
For contracts related to goods and services not for resale
Contract Compliance made simple.
Through intelligent audit planning, clear communication on the intricacies of the process and timeline of deliverables, our experienced auditors make every effort to minimize any disruption for our clients and the suppliers they work with.
Step 1
Review + Confirm Audit Specifications
Step 2
Step 3
Periodic Updates throughout the process
Step 4
Present Audit Findings + Recover Funds
Step 1
Review + Confirm Audit Specifications
Step 2
Step 3
Periodic Updates throughout the process
Step 4
Present Audit Findings + Recover Funds
Let’s get everyone on the same page.
Companies achieving strong supply chain performance can see up to a 26% greater compound annual growth rate (CAGR) than the industry average. In other words, it pays to invest in contract compliance.