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Frequently Asked Questions

Why conduct an Audit of Contract?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

How is your firm unique and different ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

How does your engagement structure work ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

Our company has two Contracts with the same service provider. Will we have get charged twice ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

Does engaging Sourcing Auditors mean zero-risk environment ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

What in case if there occur a risk with Contract in future ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

What is the Audit Framework ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

Does yellow or orange mean that Client organization leaders are not doing their job ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

What Training and Certifications do you offer and how long does it take ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%

Why not engage Sourcing Auditors before Contract Governance ?

Organizations are increasingly delegating their information technology (IT) intensive business activities to external service providers to take advantage of the rapid evolution of the global telecommunications infrastructure and emerging information and communication technologies (ICT) capabilities. The business processes being outsourced range from routine and non-critical tasks, which are resource intensive and operational, to strategic processes that directly impact revenues. Managing and meeting client expectations are major challenges in sourcing of IT-enabled services, and examples of failure abound. Given this there is increased pressure on CEO, CIOs and CDOs to be transparent and open to public especially if theirs is a listed company.
Contract Audit:

  • Improves demand, consumption and rate compliance by 55%
  • Improves contractual savings by 30%
  • Improves benchmarked rates by 20%
  • Cuts contracting time cycles in half
  • Mitigates risks, ensures proper approvals, enforces policies and minimizes invoicing errors
  • Analyzes and maximizes performance across all SOWs
  • Reduces administrative costs by 20–30%