Indirect Spend Overpayment – A Case Study
The structure of the contract between you and your supplier impacts the risk of overpayments in indirect spend.
Contract areas usually susceptible are in advertising, media buy, marketing, and events management. Typically, these contracts allow the agency to receive an up-front payment based on estimated cost to complete the deliverable. Often a company’s prepayments remain unreconciled to actual costs.
Are you sure that your company is not overpaying through indirect spend contracts? This brief paper provides insights on boosting profits while enhancing vendor relationshipsDirectly-Addressing-Indirect-Spend-Overpayments-case-study
Editor’s Note: This content was originally published on May 19, 2014. It has been ungated and republished due to popular demand.