Contract Audit: Building Self-Funded, Lower-Touch, High-ROI Programs
Contract audit programs not only help companies recover millions of dollars in lost profit each year by reviewing vendor contracts for existing or potential cash leakage but also verify compliance to identify corrective actions. However, most procurement departments lack the bandwidth and expertise necessary to conduct a robust, in-depth contract audit program, which can lead to significant profit leakage over time.
Hosted by three contract compliance experts, PRGX’s “Contract Audit: Building Self-Funded, Lower-Touch, High-ROI Programs” webinar outlines how procurement teams can create and implement successful audit programs that return cash back to their company’s bottom line, limit future profit leakage, employ minimal in-house resources, and utilize self-funding mechanisms.
“The value of a contract audit program goes well beyond profit recoveries alone. While they are a key benefit, audits also open the door to creating more efficient contracts by reviewing past language and terms,” said PRGX VP of Audit Operations
The webinar, which was hosted on
PRGX helps companies spot value in their source-to-pay processes that other sophisticated solutions didn’t get to before. Having identified more than 300 common points of leakage, we help companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data. We pioneered this industry 50 years ago, and today we help clients in more than 30 countries take back
Source: PRGX Global, Inc.
Financial Community Information
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PRGX Global, Inc.
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Victor A. Allums
Phone: (770) 779-3011
BDO USA, LLP