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Contract Compliance Audits

Corporations allow millions of dollars in revenue to slip away simply because they don’t perform contract compliance audits. These audits ensure that you have controls in place to monitor and receive all revenues that are due to your organization via predetermined legal agreements.

Contract Compliance Audits

While it’s true that good partnerships are built on trust, it’s equally true that neglecting to establish effective controls and monitor systems is the same as inviting your business partners and licensees to make their own calculations for your earned revenue.  Under-reporting may be due to honest mistakes, vague revenue and cost-sharing definitions, differences in interpretation, manual system errors, and dozens of other possibilities, given the complexity of most agreements. Contract compliance audits ensure that you have these controls in place.

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