Can you be totally certain that your suppliers are adhering to all the terms and conditions of your contract within the agreed upon parameters? Transparent’s experience with complex contract compliance reviews provides you with assurance that your suppliers are performing as you would expect them to perform.
Don’t let hidden errors eat away at your bottom line
The most common purpose of our sophisticated review is to verify that your contractor or supplier is not overcharging you in spite of an agreed pricing structure. There are many reasons why a supplier or contractor may fail to comply, including clerical errors, missed rebates and pricing errors.
Our contract compliance review will identify any issues eating away at your company’s bottom line and help recover any lost profits.
Line Item Analysis
As part of our contract compliance service we offer Line Item Analysis. With this service we take a deeper look at the price you paid and assess if it is accurate and agreed upon. We identify every single pricing / payment error, recover lost profits and provide you with solutions to correct overpayments going forward. Transparent takes all the hard work off your hands. Our Line Item Analysis extends beyond recovery of overcharges.
Other benefits include:
- strenghthened internal contract governance;
- ongoing cost reductions;
- visibility and insight in complex, high volume transactions;
- substantiated decision-making;
- improved supplier relations.