A contract should be treated as a living document. At Herrod and Associates, we understand that businesses shift, and that the contract you negotiated in the beginning may no longer fit ever-changing business needs. Businesses evolve and if a contract is not updated or revisited on a recurring basis, you or your supplier-or both-can begin to lose money.
Herrod and Associates can examine your contracts, break them down, and help you get them back to where you intended them to be. We are all human and we know mistakes happen from unintentional errors, overwork, misunderstandings, and understaffing. We can help you and your suppliers identify issues and improve your contracts and business relationships.
We look at your contracts and distill the numbers and dollars into real-world connections, analyzing the dynamics and not just the products covered. We go into the gray areas to help you identify opportunities for future improvements. We examine overages and shortfalls equally so that both you and your supplier are treated equitably during the audit. We know how to successfully negotiate agreeable resolutions.
Our knowledge and experience combined with our ethical foundation equate to a thorough audit with future contact enhancements. Herrod and Associates clients not only realize the benefits from lost profits but more importantly clients have a cleary defined go-forward process for contract improvements. Contract improvements that could directly affect the bottom-line.