Significant time and expenditure goes into building and sustaining vendor and business partner relationships so that they can become profitable and add value to your operations. Getting sustained value from contracts and your investment with third parties is an ongoing challenge for many organizations.
In our experience, organizations often fail to embed good governance and controls around contract management and as a result, we are able to identify process improvements and cost reduction / savings for most organizations.
This can be due to a number of factors including:
Engaging PwC for Contract Assurance enables organizations to quickly identify greater value from your contractual arrangements, and reap the benefits of process enhancements, knowledge transfer and ongoing assurance mechanisms needed to sustain value across the contract lifecycle.
We have worked with clients across a range of sectors to recover millions of dollars through our Contract Assurance review programs. Whether one-off tactical reviews or part of a broader contract review program, we can enhance internal compliance functions, increase visibility with partners, and identify potential cost or revenue recovery opportunities through our holistic contract assessment methodology.
We provide support to organisations across the entire contract lifecycle, starting with evaluating contractual terms and establishing contract governance / oversight structures through to contract exit.
Specific advice may include advice and insights about: