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What is a contract compliance review?
Broadly, a contract compliance review is an analysis of all or a portion of a company’s payment transaction history. It includes evaluating whether the parties to a contract are abiding by their contractual obligations, whether the contracting process is working as intended, and whether an arms-length business relationship exists.
Most often, this type of review involves validating whether invoices submitted for payment are properly supported and comply with contract or rate schedule terms. Depending on the scope of the project, the review is generally conducted in the vendor’s or your joint venture partner’s office.
AMS-PAR has the experience needed to efficiently identify compliance errors, help recover overpayments, and evaluate the appropriateness of the party’s business relationship.
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