What is Contract Compliance?
Contract compliance refers to observance of the norms and procedures outlined in a contract. Often, this involves periodic reviews of an existing contract to determine adherence to compliance mandates and protocols and check for deviations.
An essential part of a company’s risk management strategy, contract compliance helps ensure that all stakeholders — suppliers, buyers and employees — stick to the terms and conditions of a contract. This protects a business from fraud, corruption and rogue spending.
Compliance is an ongoing exercise that involves planning, implementation, measurement and continuous improvement.
Businesses can boost contract compliance by using robust contract management software to automate and simplify some of the more mundane aspects of this requirement. Contract compliance can provide valuable insights into procurement processes and can lead to savings. Learn more about GEP’s contract compliance software.
Stay Ahead With Fresh Thinking and Insights
Explore the latest trends, technologies, and strategies in procurement and supply chain management. Dive into insight-packed white papers, research reports, case studies, and webcasts to stay informed and lead the way.
GEP Outlook 2025: Procurement & Supply Chain Key Trends, Challenges and Opportunities
3 AI Adoption Pitfalls To Avoid in Procurement and Supply Chain Management
Navigating Trade, Tariff and Policy Shifts Under New U.S. Leadership: Action Plan for 2025 and...
The What, Why and How of Total Procurement Orchestration
How an American Retailer Saved $25M on Packaging Through Strategic Sourcing Powered by GEP
How CPG Companies Can Conquer Tail Spend With an AI-Enabled Solution
World's Leading, Unified Source-to-Pay Platform for Direct and Indirect Spend Management
GEP SMART is an AI-powered, cloud-native source-to-pay platform for direct and indirect procurement. GEP SMART offers comprehensive source-to-pay functionality in one user-friendly platform, inclusive of spend analysis, sourcing, contract management, supplier management, procure-to-pay, savings project management and savings tracking, invoicing and other related functionalities.
Next-Gen, End-to-End Supply Chain Management Platform for the Connected Enterprise
GEP NEXXE is a unified and comprehensive supply chain platform that provides end-to-end planning, visibility, execution and collaboration capabilities for today’s complex, global supply chains. Built on a foundation of data, artificial intelligence and cognitive technologies, GEP NEXXE helps enterprises digitally transform their supply chains and turn them into a competitive advantage.