Audit of contracts

Raising prices to the customer. When is the best time to negotiate a price increase? Depending on the business cycle in the economy, and on the micro scale of our relationship with the customer, getting an increase accepted by the customer can be difficult or easy to achieve. In this article, I will zoom in on five situations where getting a price increase may be easier and can...

In previous posts, we have described issues related to defining liquidity, its indicators, the consequences of losing it and ways to regain liquidity. In the last entry of the series, we will suggest how to maintain financial liquidity in a company.

In previous posts of the series on liquidity in a company, we have written about liquidity ratios and methods of determining liquidity. This time we will focus on the consequences of losing liquidity.

The audit of companies should be carried out by an independent auditor. Only then will the assessment and subsequent documentation and new strategy be prepared objectively. Business audits can have different objectives and end results. What is a business audit, what types of audits are there and what benefits do they offer? Business audit - what does it involve?

We have described the benefits of periodic audits several times on our blog. However, we have mainly focused on the benefits for purchasing organisations. Meanwhile, regular audits are also a value for suppliers. And a value they receive free of charge.

In the previous post, we started a thread on the model audit process for supplier contracts. In this one, we will complete the topic and also analyse the impact of the audit on supplier relationships.

The purpose of the contract audit is to identify internal and external risks associated with supplier relationships and to design a programme of actions leading to more profitable business relationships and increasing the company's competitiveness.