Real-time Contract Compliance Reviews Contain Costs
The best way to contain costs is to ensure they are reviewed thoroughly prior to being incurred and paid. Our real-time contract compliance audit programs provide clients with the confidence that their invoices, change orders and critical contract terms and conditions are being reviewed and thoroughly monitored before any invoice is paid, change is approved or contract term or condition is achieved. Learn how we delivered over 500% return on cost in just one year for a single major capital project.
Contract Administration Improves Cost, Schedules and Performance
Diligent Contract Administration of our clients’ contracts – from inception to closeout – allows us to align all stakeholders to contract details as we deliver ongoing, real-time verification of compliance with all terms and conditions. When errors are found, we identify root causes to ensure future compliance as well. Learn how our Contract Administration has maximized value in supply chain management for our clients.
Our Contract Scorecards regularly monitor and communicate key supplier performance, while our Management Action Plans help to ensure that corrective action is being taken. Revenew’s contract compliance specialists interact with client and supplier stakeholders on-site, where recovery opportunities and corrective actions are identified in real time.
We enable our clients to achieve significant cost recovery and containment results – quickly and at a significant return on invested costs – with no impact on project schedules. Our engagement is low risk, improving supplier relationships while simultaneously recovering and containing costs.
Contract Language Risk Assessments Identify and Reduce Risks
Complex contractual agreements with numerous suppliers represent significant financial value to an organization, and the quality of contract language can impact exposure to risk. Our in-depth contract risk audits identify commercial risk levels while offering recommendations for improved language. By implementing industry-leading language and terms, the full intent of contracts will be realized – resulting in improved financial results as well as reduced risk. Learn how our approach to structuring the ideal contract risk profile has minimized transferred risk for our clients.
Strengthened Contract Templates Deliver Improved Results
Revenew’s review process often reveals opportunities for contract language risk management improvements. Frequently-used templates can be revised or expanded to provide more detail in commercial terms, and greater transparency. Our team works closely with clients to develop and implement stronger contract templates, which in turn deliver improved work processes and results.
Capabilities Assessments Improve Contract Lifecycle Management
Our Capabilities Assessments identify gaps in the organizational design of a company’s contract lifecycle management process. Whether you’re sourcing goods and services or managing changes to existing contracts, our experts will assess the capabilities of your people, processes and technology to ensure a successful contract lifecycle with all purchased goods and services. We work directly with stakeholders to develop a roadmap for implementing best practices and process improvements. Learn how Contract Lifecycle Management has improved cost control, risk management and regulatory compliance for our clients.
"A notable difference is the industry knowledge, skill and experience level of Revenew's Performance Improvement specialists."
Specialty Reviews Provide Expertise When and Where Needed
Revenew delivers specialized knowledge and experience precisely when and where you need it. From complex purchase sale agreements requiring review for contract compliance to support on investigations, claims or disputes, our experts will conduct root-cause analyses and provide value-added recommendations that can be implemented in real time to improve company processes and controls.
