Unlock full value from your supplier contracts
Increasingly, organisations are looking to drive greater commercial outcomes from their contractual arrangements. Businesses face complex contractual landscapes, and the consequence of poor contractual performance can be costly.
Achieving transparency from third party relationships and managing the associated risks is critical. This is why understanding how to get full value from your supplier contracts has never been more important.
Need help with third-party contract management?
Find out how to mitigate supplier contract risk and embed better practice contract management framework into your business.
Obtain transparency through third-party management
Business disruption and commercial pressures along with regulatory, financial, social and operational risks are on the rise. These factors can make transparency over third-party management, while maximising performance from contractual arrangements, challenging for some businesses.
To mitigate these risks and realise value throughout all stages of the contract lifecycle, in-depth knowledge of supplier contract management may be required. KPMG can help.
Our Contract Assurance & Performance team specialise in the performance of supplier audits and the development of better practice contract management frameworks. With consulting services available to support enhanced supplier performance management, we can assist with the management of contracts-as-a-service, and development of automated tools to simplify the verification of contracted outcomes.
We have a track record of providing value to our clients, with 2-5 percent of contracted spend commonly recovered and value – well in excess of our professional fees identified.
Maximise your third-party supplier contracts
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✔︎Minimise contract cost leakages and realise cost recoveries
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✔︎Identify value for money and opportunities in contract terms and delivery models
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✔︎Align contract management requirements with contract needs
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✔︎Increase capacity and capability of your contract management team
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✔︎Automate manual contract management activities to increase your resourcing efficiencies
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✔︎Receive analysis against regulatory frameworks for material outsourced contracts in line with industry standards
How KPMG can help
KPMG helps organisations with contracting challenges and opportunities.
Our team of experienced professionals have first hand experience in helping clients navigate through a diverse range of contracting challenges and opportunities.
Our specialists comprise a mix of discipline skillsets in contract management, procurement, assurance, and data analysis.
Our work is underpinned by commercial, technical and digital capabilities that provide tangible value in the form of cost recoveries and delivery efficiencies across an organisation’s contracted arrangements.
Contract Assurance & Performance services
Contract audits and performance measurement
- Identify and rectify areas of inefficiency or non-compliance with contract audits on financial and performance outcomes.
- Drive business efficiency through automation of contract management with performance measurement and invoice validation tools.
Contract management frameworks
- Manage and assess the maturity and effectiveness of your contract management functions by establishing risk-based contract management frameworks.
Contracting strategies
- Develop and refine contracting strategies that are optimised for maximum value and compliance.
Regulatory compliance
- Obtain support for your contract compliance against regulatory standards such as CPS 230.
- Receive detailed industry-specific contract management frameworks/service provider management policies.
- Gain assistance with linkages between regulations such as CPS 230 and other requirements related to business continuity, resilience requirements, and notification obligations.
Cognitive contract management
- Leverage KPMG’s modular cognitive capabilities to ingest, analyse and automate decision-making across the contract management lifecycle.
Contract risk segmentation
- Identify individual risks at the procurement activity level for each contract.
- Receive assistance in differentiating high risk from low risk contracts.
Related insights
Learn more about Contract Assurance & Performance at KPMG
To find out how to maximise value with third-party supplier contracts and improve your contractual performance,
contact us or request for proposal >
