Contract Vendor audits are valuable in a marketplace where operations can be very complex, involving several vendors and spread across several remote locations. Our audits will determine whether a vendor’s management systems, data and performance are complying with the terms and conditions of their contract with you. Where we discover that’s not the case, our intervention will correct the issues and recover any costs owed to you.
Our teams have exceptional credentials and are respected within the industry. They have a deep working knowledge of commercial arrangements and enjoy good relationships with vendors, which can be crucial to keeping your operations running smoothly.
For a variety of reasons, your vendors’ self-reporting may be inaccurate, and their invoices may not always match what was stipulated in the terms of the contract. This can easily result in overpayment which, if replicated across multiple vendors and several operations, could seriously impact your profitability and in a worst case scenario, the viability of your business.
The complexity of dealing with numerous vendors across multiple projects only adds to the risk. Yet it’s unlikely you will have the time and resources to investigate the issue whilst still managing your operations and your other business pressures. In comparison, our highly experienced auditing team is dedicated to the task and has the skills and tools to examine, resolve and report quickly and accurately.
In addition, they can flag up areas in your contracts that could be amended to reduce risk, pinpoint any operational weaknesses that could lead to cost savings and create an environment where vendors are more aware of their contract accountability – leading to fewer problems in the future.
They listen hard to my blue-sky thinking and my plans and always have been a valuable sounding board about possible risks and implications. They’ve believed in me and my vision from the start and always articulate exactly what we need to do to realise my plans.
Graeme Lee, Founder and former Chief Executive, Springfield Healthcare Group
I see AAB as a partner. I know that they’ll always be there by my side to support what I need and that is very valuable to me, especially now as we go again to expand the group. Their advice has played a big part in our credibility and in our reputation as a solid, honourable, legitimate business offering quality care.
Graeme Lee, Founder and former Chief Executive, Springfield Healthcare Group
We’re grateful for AAB’s ongoing support during our audit process. Their expertise, especially in managing complex accounting matters and ensuring timely support, has been invaluable. We look forward to continuing our relationship as we enter a period of change, knowing we have a trusted partner to help us navigate the challenges ahead.
Jo Clarkson, Finance Director, Aspire Community Benefit Society
We’ll save you time by managing the entire Contract Audit process, whilst liaising with you and the vendor. We will:
As well as reviewing the vendor’s systems, we’ll appraise your relevant control systems to identify any scope for improvements, and report back on how you might implement them.
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