While contract compliance audits are an effective tool to mitigate financial losses, there are multiple benefits beyond recoveries of past overcharges, including increased transparency/accountability, enhanced processes, improved communication and stronger contract language. In order to fully maximize these benefits, it is critical to achieve organizational alignment among all the appropriate stakeholders, including those outside of procurement and the business. Attendees will gain insights on the true value of a contract compliance program, actions to take to promote organizational alignment and essential components of successful, sustainable projects.

• The value and benefits of an audit program beyond cost savings
• Why transparency, trust, and teamwork are essential components of a successful, sustainable compliance strategy
• Key takeaways on achieving organizational alignment and the stakeholders required to optimize a contract compliance audit program

Contributors: Coca-Cola, SC&H
Categories: 2017 Fall - Carlsbad, Summit Presentations
SRC Type: Contract Management, Risk Management, Sourcing Management, Third Party Management