discoverdollar

  Contracts are created to ensure the value of your business. They establish the terms of pricing and service levels, rebates, as well as penalties and financial obligations that affect the relationships between suppliers and the outcomes of procurement. However, for a lot of companies, contracts are merely documents once they are signed. They are stored in the repository but seldom inspected in the manner they are expected to be. This is where the leakage of money commences. A solid contract compliance audit program isn't just concerned with checking invoices once problems occur. It's about constantly confirming whether the value negotiated is being realized. For finance leaders and CFOs, the issue is no longer about whether monitoring contracts is important. The most important concern is whether the correct metrics are being monitored. Without quantifiable indicators, even supportive audit programs turn into administrative tasks instead of financial control tools. The most su...