Our Contract Compliance team is part of HW Fisher’s successful Forensic practice. We leverage our forensic heritage and skillset to identify financial recoveries, process and contractual weaknesses as well as operational improvement opportunities for our clients.
We operate across a number of different industries with a particular specialism in Pharmaceuticals, Oil & Gas, Retail, Transportation & Logistics, Technology, Media & Telecommunications and Manufacturing and have developed a modern, technology-based approach to our audits that will be led by our skilled and experienced team. This enables us to interrogate and understand the most complex contracts and business relationships at a detailed level which not only helps identify recovery opportunities but also allows us to bring a greater level of contractual transparency for our clients.
We apply a commercial lens to our audits, and we have found that this enables us to provide additional advice to our clients including how existing contracts can be simplified, how the contracting process can be streamlined and how certain business practices can be modified to deliver additional value.
We understand the relationships your business builds with key partners are critical and whether they are important suppliers, providers of outsourcing arrangements or alliance partners, the relevant contracts are key in defining the relationship, responsibilities, deliverables and compensation.
In many cases we see that these relationships can be dynamic and over time can outgrow the contractual arrangements that were originally put in place. This can lead to a contractual position that can be bureaucratic, cumbersome, inefficient and lacking transparency. A weakening of appropriate controls and monitoring mechanisms, when combined with this unnecessary complexity can create risks within your organisation and can lead to value leakage.
Embedding a structured and systematic Contract Compliance audit programme will provide you with the reassurance that your contractual arrangements are up to date, well managed and delivering maximum value for your organisation.