Every day, businesses lose countless dollars without even realizing it. The reason? In many cases, revenue can vanish and organizational risks are elevated because contracted third parties unintentionally fail to meet all their contractual obligations.
This Webcast will feature a discussion on the following topics and more:
Why a contract management program is critical: lowering costs while reducing risk and increasing compliance
How internal audit, compliance and procurement can play an integral role in evaluating third-party compliance
How compliance with arrangement terms can be efficiently and effectively managed by:
Establishing a risk-based compliance program
Executing compliance audits of selected third parties
Ongoing improvement of approach/controls in monitoring third-party relationships