In today’s economic times, driving sustainable cost reductions is just one of many challenges, and driving them through contract compliance is sometimes an overlooked opportunity.
Nearly every organization has experienced “creep.” That is my term for what happens to the savings a vendor promises that never materializes. Some might call it savings leakage or deliberate contract manipulation. However you describe it, it is not good for you or your business.
There are many aspects to contract compliance. Some of these include credentials, tiers, terms and prices. Each of these areas, if audited, can lead to sustainable cost savings. Contract compliance is one of the many features that our engagement with a client offers on a long-term basis. While each engagement varies from client to client, we perform a “roll-up-your-sleeves” approach to ensure that “creep” stays where it should.
