Every day, company bottom lines are impacted because vendors, distributors, and licensees fail to meet their full contract obligations.
Whatever circumstances - complex or inadequate contracts, key responsibilities neglected, or contracts failing to reflect changed circumstances– third parties can strongly influence company costs and revenues. One study estimates that as much as 70 per cent of all self reporting by business partners or customers is inaccurate. While under-reporting of revenues can be deliberate, in most cases it results from miscommunication, misunderstanding or poor contract administration.
KPMG can help strengthen and monitor your contractual compliance needs by providing key services such as:
- Royalty compliance
- License compliance
- Contract/ Agreement compliance
- Reseller and distributor reviews.
Our clients can gain from our extensive experience spanning several domestic as well as cross border cases across multiple industries and geographies and our methodology which relies heavily on technology for providing meaningful insights.
One of our latest offering is our proactive service to our clients to assist them in Software License Compliance and Software Asset Management called License Compliance Advisory. This service helps our clients to understand, detect and address issues related to Compliance and resulting Reputational Risk (and/or associated Financial / Legal Risks). It also helps in Saving money on their investment in software through better utilization by understanding and building appropriate Software Asset management practices.