Allan B.’s Post

You invest months creating contracts—but how much time do you spend ensuring they actually deliver? That's the gap where millions in value can get lost. Contract Compliance is where effort turns into value to prevent leakage. After years of contract compliance audits, I've seen a pattern: agreements fail not because they were poorly negotiated, but because they weren't managed. Here's what actually protects value: - Get the language right. Clarity is everything. Contracts succeed or fail on how clearly they're written. Ambiguous wording leads to billing errors and misaligned expectations. - Align parties on terms, writing the contract isn't enough. Everyone must understand it. Define financial mechanics clearly like markups and pass throughs. - Ensure accountability. Control what you can't afford to lose. Store agreements in secure central repositories. Too often, we can't locate contracts when needed—sometimes even suppliers don't have their copies. - Embed governance - this isn't optional for critical suppliers. Schedule regular reviews, track SLAs and KPIs. For your biggest partners, you should be all over this. - Continuous monitoring as compliance is ongoing, not a one-time event. Keep communication flowing throughout the contract lifecycle. Proactive engagement strengthens partnerships while balancing supplier profitability with transparency.    Want to dive deeper? Check out our recent webinar, “Saving Millions on Supplier Contracts with AI-Powered Contract Compliance and Negotiation.” https://lnkd.in/dDPPU-9e