Ensure vendors honor negotiated contracts with SpendMend’s proven, end-to-end healthcare contract compliance solution.
Your healthcare organization partners with thousands of vendors, each governed by one or more contracts. Ensuring that every negotiated deal is fully honored requires time and specialized expertise—resources your in-house team may not have.
SpendMend has spent over 30 years perfecting an end-to-end contract compliance solution to ensure thorough and effective contracts while ensuring that all third parties are performing and invoicing in compliance with their negotiated agreements.
Contract Compliance Features
Thorough Matching
Tracks every dollar across contracts and payments
30+ Year Experts
Decades of experience shape our proven processes
Supplier Validation
Verifies supplier-submitted data against agreements
Cross Analysis
Covers all contracts across thousands of vendors
Change Reconciliation
Captures contract changes and tracks ongoing accuracy
Detailed Reporting
Provides insights to correct and prevent future leakage
Contract Compliance Benefits
Recover Dollars
Identify and reclaim overpayments across all vendors
Enforce Terms
Ensure suppliers follow negotiated contract terms consistently
Reduce Leakage
Catch small errors before they become major losses
Improve Oversight
Enhance internal controls and financial accountability measures
Increase Savings
Drive long-term savings and protect your margins
Boost Confidence
Trust supplier performance and invoice accuracy every time
Why Does Contract Non-Compliance Persist?
Key reasons for this are:
Contract errors due to change, turnover, training, etc.
The Impact of a Contract Compliance Audit
According to the IACCM, nearly 40% of commercial contracts fail to deliver their full expected financial benefits. Non-compliance can potentially cost companies between 0.5% and 5% of their annual spend. For healthcare organizations trying to cut costs, a contract compliance audit will deliver an immediate and long-term impact.
“SpendMend’s experience led them immediately to my highest risk contracts and made an immediate impact. The team was hard working and creative and found several other problem areas that needed attention. The service was unlike any I had seen.”
– Director of Procurement, $27B Medical Manufacturer