ADVISORY

Contract & Compliance Guidance

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Ensuring contracts work for you, not against you. We identify risks and opportunities to maximize your savings and increase your recoveries.

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Audits highlight areas that need to be addressed before they seriously impact your business.

How We Work

Listen

We meet with your team to understand your goals.

Assess

Identify areas of opportunities whether people, process, or technology.

Analyze

Deep dive into contracts as outlined in the project.

Report

Deliver observations and results for recoveries.

Recommend

Suggestions to prevent leakage or optimize terms. 

What We Can Do

Cost Recovery

  • Item Price Review
  • Rebate Confirmation
  • Earned Discount Review
  • Early Pay Discount Scrub
  • Pricing Tier Verification
  • Time & Materials Review
  • Price Escalator Confirmation

Contract Compliance

  • Audit Clause Review
  • Price change Protection
  • Invoicing Guidelines
  • Contract Insurance Limits
  • Document Hierarchy
  • Fee Calculation Methods
  • Foreign Exchange Risk

Infrasctructure Review

  • Water
  • Sewer
  • Waste Disposal
  • Natural Gas
  • Electricity
  • Telecom
  • Document Storage
  • Construction
  • Third Party Bill Payer

Process & Procedure Review

  • Invoice Format
  • Invoice Review Process
  • Three Way Match
  • Backup Documentation
  • Systems of Record
  • Risk Mitigation

Real Results

Is Time Billed Correctly?

While auditing the billings of a company providing cleaning services, hundreds of overtime hours billed we identified before the appropriate number of straight time hours had been worked. The documentation required to confirm these misbillings was not part of the vendor’s standard invoice packet, so our client was only provided the total number of straight time and overtime hours billed.

A recovery of $180,000 and an amendment to future contracts.

Know What You're Paying For?

For vendors providing project based billings, it is quite common for an annual budget to be assigned to the customer, for all planned charge categories. A real estate management provider with $100M in annual billings, identified discretionary employee bonuses in the labor burden billed to our customer. There was no information on bonus eligibility, and these charges were not listed in the contract.

 

Our customer was overbilled $1.2 million for these bonuses

Complicated Billing Structure

An audit of vendors supplying temporary labor can uncover improperly calculated markups. For example: a supplier was frequently exceeding the contract markup percentages. Multiple markups were defined based on the length of a temporary employee’s service contract, and the vendor was applying the highest potential markup to all service durations.

The vendor overbilled and refunded $88,000 to our customer.

What is a Most Favored Nations Clause and How Should You Enforce Them?

What is a Most Favored Nations Clause and How Should You Enforce It? Advice from Tyler VanWormer of Illumis Global, recovery audit services and business intelligence solutions
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LEADERSHIP & EXPERIENCE

Partner with Certified, Experienced Professionals

Our team members have decades of industry experience and have a track record of effective global advisory audit programs. Our advisory group leaves no stone unturned giving you confidence that your supplier relationship is in perfect alignment with your contracts.
  • Oil & Gas
  • Healthcare
  • Pharmaceutical
  • Technology
  • Food Manufacturing
  • Insurance

Tyler VanWormer

Manager Advisory Services

Alan Srader

Director of EMEA/APAC

Contact Us Today for a Free Demo.

The Portal

Your gateway to interactive claims, invoices and reporting. You will have all the project information at your fingertips.

Summary Report

We will present a personalized report of your findings and results. The reports are specific to your engagement, and include both an executive summary as well as a longer form summary report.

Tyler VanWormer

Manager Advisory Services

Tyler VanWormer, Manager Advisory Services, has 15 years of experience in auditing and finance. He has extensive finance and contractual expertise. He is well versed and educated in derivatives, mathematics and data analysis which makes him perfect in this role. Tyler has brought clients millions in recoveries, as well as in-depth recommendations for process improvements and risk mitigation.

Alan Srader

Director of EMEA/APAC

Alan Srader, our Director of EMEA/APAC has over 30 years of audit experience in many contract disciplines. He excels in the finding the obscure details, seeing what is not seen by others. His deep knowledge of compliance, and risk have recovered and saved millions of dollars for clients around the world. He makes sure we check everything to ensure you’re getting what you expect from your negotiated agreements. Alan has led numerous large project audits in Europe, the USA and the Far East.

Tony Brush

President / CEO

Working for Illumis for 21 years, Brush has been instrumental in the growth of the company. Brush served as Vice President at Illumis before stepping into the role of President / CEO and has been involved in all aspects of the company’s business throughout his career.

 

Brush’s approach to his role centers on the motto of Illumis, Bright Ideas for Better Profits. Known for his loyalty, team building, and tough but fair expectations, he empowers employees to deliver, therefore fostering a company culture that ensures customers can count on people.