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Contract Compliance is part of HW Fisher’s Forensic practice. We identify financial recoveries, process weaknesses, and operational improvement opportunities within pre-existing supply chains for our clients. We provide transparency and believe in improving key supplier relationships, in a world where our clients are relying on a complex network of business partnerships to meet their objectives.
We design and implement tailored supplier compliance reviews and large-scale commercial assurance programmes for clients across all industries and geographies. Our team is led by experienced professionals who also see the business continuity and supplier relationship side of the equation.
We believe that our work should leave both client and supplier satisfied, with a streamlined business structure and an increased level of mutual trust. Organisations are increasingly relying on third parties to fulfil their business needs and services and contracts are critical to defining relationship terms, responsibilities, deliverables and compensation.
A successful contract compliance program should be embedded in your organisation’s approach to addressing third party risk. The primary goal of the reviews is measured by the visibility and transparency they provide, enabling valuable insight beyond what the organisation already knows of it’s business relationships, and by putting the appropriate and factually accurate data in the hands of business and procurement decision makers, to sustain and improve the value derived from their extended enterprise.
We recommend that clients perform contract compliance reviews as part of an ongoing commercial assurance program, with reviews completed annually or at regular intervals, especially for third parties with long standing and multi-year contract lifecycles.
Every contract compliance review performed by HW Fisher is tailored to reflect the nuances of the client organisation, the details and risk associated with each contract, as well as industry specific considerations and requirements which need to be accounted for. Our comprehensive experience in serving clients globally and across all industry sectors allows us to provide a truly bespoke service, applying our skillset to ensure no stone is left unturned.