Contract Compliance Audits
IDENTIFYING RATE ERRORS
FINDS AND CORRECTS
0.25% - 1%
IN OVERCHARGES
IDENTIFYING SERVICE ERRORS
FINDS AND CORRECTS
0.25% - 2.5%
IN OVERCHARGES
WE CONFIDENTLY EXPECT TO
REDUCE YOUR SPEND BY
1% - 5%
Our cutting-edge Contract Compliance Audits ensure that risks associated with Complex Contract Compliance are minimized or eliminated.
Invoice Compliance Automation
On average, our system saves our customers money by identifying and correcting rate errors of 0.25% – 1% in overcharges.
Data for Spend Optimization
We confidently expect to reduce your spend by 1% – 5% through:
- Out of Contract and Purchase Price Variance reports
- Detailed data to monitor spend
- Compliance reports against contracts
- Out of contract spend & purchase price variance reports
- Monitoring spend on usage statistics
- Access to line item data via Profectus technologies and dashboardsÂ
How much would these savings mean for your organization?
Invoice Processing Automation
- Line item invoice capture
- Invoice validation and processing into your ERP
- Credit process into your ERP
- Accrual automation and processing into your ERP
Central Contract Repository
- Secure online Contract Management for all contracts
- Contract data repository for items such as rate cards
The following chart shows the likely range of savings by spend category.
Our comprehensive technology solution will extend your current internal audit process to be certain that your organization maximizes its savings.