Process/Technology

Connolly’s proven contract compliance methodology ensures our audit will provide maximum cost savings and process improvement recommendations that are actionable and measurable.

We employ a four-step process for each audit beginning with a comprehensive plan that determines the terms, conditions, and intent of key contracts. Elements reviewed include pricing, quantities, delivery, and more. With this foundation we are able to identify and evaluate potential errors, dissect the processes that led to the errors, determine control implications, and document the errors. We ultimately monetize the exposures, share findings with suppliers, and resolve any payment discrepancies to reach agreements in a fair and equitable manner. Concurrently, we uncover the root cause of the errors, examining cost, pricing and profit elements, and suggest corrective action.

Connolly auditors don’t just review our clients’ data, they travel to supplier sites and “walk the floor,” reviewing key records and logs, and developing a thorough understanding of the business relationship. It is only by scrutinizing this key cost source data that compliance can be accurately measured.