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TURN YOUR COST CENTER INTO A PROFIT CENTER
For the modern enterprise trying to cut costs and increase savings wherever and whenever it can, a contract compliance audit is a veritable linchpin to success.
Our audit experience demonstrates that over 95% of the clients have compliance issues, commercial contract do not deliver their full expected financial benefits, with over 85% suffering financial loss. Non-compliance can potentially cost companies between 0.5% and 5% of annual spend.
RCCA UK bring value to your procure to pay control environment by designing and managing a rolling program of key supplier audits.
Our Contract compliance audits are not only principally focused on recovering historical billing errors and overpayments, but also uncover contract terms that were not defined with enough clarity; hence this process improves visibility and increases efficiency while reducing risk throughout the organization.
RCCA UK help recover lost profits sooner and assists in maximizing the value negotiated with their suppliers to deliver the value they promised, focusing on quickly addressing the underlying root cause value leakage, build the proactive corrective actions to prevent the same mistakes from being repeated and fixing problems that return significantly more value through recurring future cost savings.
Our royalty audit analyses and investigate the licensee’s compliance with the various obligations, financial and otherwise, laid out in a binding contract, namely the license agreement. Financial compliance is generally determined through an examination of the accounting books and records of the licensee and its sublicensees. Royalty auditing is generating additional revenue and is not a cost center activity.
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