Business Case

The ROI of a Connolly contract compliance audit.

More than three quarters of all business transactions are contract based. Which means that in a typical large company there are literally thousands of active contracts—each one of which reflects the complexities of today’s procurement and sourcing environment.
 
And no matter how aggressively these agreements are negotiated or the extent to which they are scrutinized, minor miscalculations can occur. Since upwards of 90% of contracts may go un-audited, those miscalculations can mean millions of dollars being ‘left on the table.’

What does that mean to your overall cost of ownership? Consider this: Your company can lose up to 5% of its annual spend through non-compliance alone.

A comprehensive audit is the only way to ensure that you receive the full contracted value which, along with logistics, inventory, quality, and risk elements, allows you to calculate the true total cost of ownership.