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 Your Challenge:
Procurement…
more complex every day
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More work, broader role and higher visibility |
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Increased global sourcing |
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Outsourcing, Off-shoring |
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Supplier diversity standards |
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80% of business transactions are contract based
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Trending higher |
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Companies on average audit only 7% of contracts |
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Non-compliance costs up to 3% of annual spend |
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| The Connolly Solution: A Contract Compliance Audit |
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What is a Contract Compliance Audit?
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Independent review of financial and non-financial terms and conditions |
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Identification of areas of non-compliance |
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Verification that negotiated terms match organization's intent |
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What's in it for you?
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Assurance that what has been negotiated is received |
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Contract language refinement |
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Cost reduction through monetary recoveries |
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Strengthened supplier relationships |
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Process improvements to drive future savings |
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Year 1 ROI typically exceeds 2:1 |
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Why Connolly?
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Audits over $250 Billion in contract spend every year |
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Clients are 98% loyal |
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Serves over 40 Fortune 100 companies |
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Global audit leader in energy, healthcare, manufacturing, mining, retail, telecom, and utilities |
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