Failure to ensure compliance with client and vendor contracts is bad business!
Lawyers invest huge efforts negotiating contract with clients and vendors alike, yet contracts get signed, filed in fireproof vaults and forgotten.
If your firm isn’t monitoring their contractual compliance, be it with clients or vendors, there is a high risk that your firm is not providing or receiving the services contracted for.
Contractual compliance can be highly commercial, especially since clients might need material compensation and, ultimately, can remove their business!
GRC-Maestro helps ensure firms are both compliant with their clients’ contracts and that their vendors are providing the services contacted for.
Monitoring and managing contractual compliance is an essential internal control.