Contract Compliance Audits: Are You Getting What You Bargained For?

Skilled Harrisburg Accountants help you track the performance of your important agreements

Your contracts are the life’s blood of your business. You painstakingly negotiate terms and review language before signing an agreement, because you know how ruinous a bad bargain can be to your company. But how often do you check the performance of your contracts? Sure, if the other party flagrantly breaches the contract, you’ll call your lawyer. Yet, under-performance of contractual terms can be extremely costly, yet go virtually unnoticed. Over time, your business can die the death of a thousand cuts from late deliveries or payments, substandard goods or services, and other deficiencies in performance. To protect your company, Breon & Associates can perform a thorough contract compliance audit. Using advanced metrics, we can gauge the performance of your contracts to pinpoint stress points. Armed with this information, you can seek an appropriate remedy for the unnecessary costs of under-performance or perhaps over-payment.

Holding vendors accountable for nonperformance of your contracts

You routinely pay many objectionable expenses — from spoilage to parking tickets — under “the cost of doing business.” But should these expenses all be your cost of conducting your business? If negligence by a contract partner leads to losses for your company, shouldn’t those losses be shifted back to the responsible, irresponsible party? This has two benefits: it allows you to recoup losses that were not your fault and acts as an incentive for your contract partners to tighten their compliance.

A contract compliance audit from Breon & Associates is designed with exactly these ends in mind. We can help you recover your actual expenses for goods and services that were not delivered or proved to be substandard, for tardiness, for overcharges, and for other examples of noncompliance. By holding vendors accountable for their failure to perform as outlined in the contract, we also incentivize future compliance with the letter of your contract.

Experience assisting businesses in various industries

Certain accounting principles are universal, so we can apply them to any business in any industry. However, industry specific knowledge is always helpful when trying to root out under-performance and noncompliance with contractual terms. Fortunately, our investigative team at Breon & Associates is comprised of seasoned accountants who have served in a broad range of industries. We are familiar with business processes and nomenclature specific to various businesses. We have also successfully operated small businesses, so we have added perspective from the managerial point-of-view.

Some of the industries for which we have conducted detailed contract compliance audits include:

• Construction
• Manufacturing
• Marketing
• Retail
• Transportation

No matter your industry, Breon & Associates is ready to work closely with you to uncover areas of noncompliance, which you can then address through the appropriate channels.