Contract Compliance

The Contract Compliance (CC) system enables a full compliance framework to identify overcharges or overpayments prior or post payment. It ensures contract terms originally negotiated for indirect/ GNFR expenses or key contracts actually occur.

The CC system is a secure web-based and centralised contract management system providing secure visibility of all critical contract terms.

The CC system automates the detailed cost checking of invoices; supplier queries workflow and transaction approval process with the click of a button.

In addition, CC creates insights and opportunities to reduce spend and improve contract terms.

CC ROI:

  • Centralised location for all contracts
  • Automate invoice line item cost checking against contracts
    • Error identification: 0.5% - 1%
    • Spend optimisation opportunities to reduce spend: 1%-5%
    • Ensure invoices are compliant against contract terms
  • Available for a few large complex contracts through to hundreds of contracts
  • Supplier queries workflow
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Contract Compliance Overview

Do you require cost checking only or a full compliance system? CC technology is offered in modules as a Cost Checking system or as a full end to end Compliance system including journals to your finance system and accruals.

Contract Compliance System Modules: