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The Forrester Wave™: Supplier Value Management Platforms, Q3 2024 See Report
Contract Compliance
Glossary
What is Contract Compliance?
Contract compliance entails the meticulous observance of norms and procedures outlined in a contract. This involves regular reviews of existing contracts to assess adherence to compliance mandates and protocols and identify any deviations.
Integral to a robust risk management strategy, contract compliance is pivotal in ensuring that all stakeholders—suppliers, buyers, and employees—adhere to the specified terms and conditions of a contract. This proactive approach acts as a protective shield for businesses, mitigating risks related to fraud, corruption, and unauthorized spending.
Learn more about Ivalua's Contract Lifecycle Management Solutions.
Integral to a robust risk management strategy, contract compliance is pivotal in ensuring that all stakeholders—suppliers, buyers, and employees—adhere to the specified terms and conditions of a contract. This proactive approach acts as a protective shield for businesses, mitigating risks related to fraud, corruption, and unauthorized spending.
Learn more about Ivalua's Contract Lifecycle Management Solutions.
