Contract Compliance Services
Many companies have contractual relationships with third parties in which payments and receipts are based on self-declarations that are difficult to monitor, verify, or check. Such relationships include technology and brand licensing, marketing and distribution agreements, software licensing, and so forth. Companies with these relationships often find it difficult to exercise the same degree of financial control over the integrity of self-declarations as over their own internal reporting. Also, arrangements with third parties may expose them to weaknesses in the controls and business practices of their counterparties.
How can KPMG Forensic assist?
Contract Compliance Services assists organizations in assessing their relationships and contracts with vendors, distributors, and licensees and recovering payments made in error. Typical third-party relationships where KPMG provides such services include royalty, reseller and distributor, software end-user license, advertising agency, and most-favored customer. These services have many benefits, including helping clients in their efforts to improve communications with business partners, identifying weaknesses in contractual agreements and preventing future revenue leakage, recovering lost or unrealized revenue, and reducing costs of marketing and incentive-based programs.
Contract Compliance Services assists organizations in assessing their relationships and contracts with vendors, distributors, and licensees and recovering payments made in error. Typical third-party relationships where KPMG provides such services include royalty, reseller and distributor, software end-user license, advertising agency, and most-favored customer. These services have many benefits, including helping clients in their efforts to improve communications with business partners, identifying weaknesses in contractual agreements and preventing future revenue leakage, recovering lost or unrealized revenue, and reducing costs of marketing and incentive-based programs.
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