Once a contract has been signed, they often go relatively
unmonitored until it’s time to renew. How can you be assured that
every single transaction was invoiced properly per the terms and
conditions of the contract? Organizations are often at the mercy of
the supplier in this regard, and must trust that the supplier both
adheres to the contract and does not make any billing mistakes.
We can perform an arrears audit and analysis of your contracts to
ensure that your suppliers have adhered to the terms and conditions
of your agreements. Occasionally, we will complete an audit and find
that the supplier has stayed true to the agreement, and did not
commit any mistakes. In that case, it is assuring to know that your
supplier has maintained contract compliance. However, more often
than not, our audits reveal findings. Whether they did not charge
fixed pricing correctly, incorrectly applied discounts, or did not
adhere to shipping terms, we’ll uncover these discrepancies and work
to reconcile the differences on your behalf.
At Dryden Group
indirect spend auditing services that
help you and your company ensure contract compliance and supplier
The Audit Process
Supplier Selection: We work with you to determine which
suppliers to audit. We can audit suppliers of any size, in any
region, and in any category.
Data Gathering: We gather all of the necessary information
to begin the audits. This starts by reaching out to your
procurement team / category managers to acquire the agreements and
legal documents. We then reach out directly to the suppliers on
your behalf to gather the historical transactional data, pricing
details, legal documents, and anything else deemed necessary to
complete the audit.
Audit Analysis: Our consultants complete a comprehensive
audit and analysis. We verify that the prices you paid are
consistent with your contract.
Presentation of Results: After we complete the audit, we
meet with your organization to discuss the results, recovery, and
Reconciliation: We work directly with the supplier to
return any overcharges uncovered during the audit.
On-going Optimization and Monitoring: After the historical
audit has been completed, clients often opt to continue to work
with us on an
Working with us on an ongoing basis will allow you to maximize your
contract's value and continuously maintain contract compliance