Organizations are increasingly relying on outsourcing, licensing, alliances, and other business partnerships to meet their goals. These complex relationships are governed by financial and legal agreements that are often poorly monitored. A lack of controls around these relationships creates risks, either reporting or operational in nature, and can lead to brand or reputation damage and the loss of significant revenue through uncollected royalties, misreported claims, and inadequate inventory controls. A well-conceived Contract Compliance process can assist organizations to better identify and mitigate the risks, while enhancing the benefits of business arrangements.
Our Contract Compliance service focuses on risk management that can help organizations optimize relationships with other entities to improve business processes, maximize revenue, manage costs, address risks, strengthen relationships, and boost performance. Stratedia can help increase the communication and understanding of contractual terms and obligations between the client and its business partner, leading to improved reporting processes and partner relationships.