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.
- 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