Vendor Compliance

"IKON Team is a consortium of professionals catering compliance services to multinational companies and large corporate in India"

Various Labour Law Legislations impart Principal liability on the Principal Employer in case of deviation in Laws by the Contractors. We, IKON Outsourcing Pvt. Ltd., conduct Vendor Compliance Audit from various perspectives of Labour Laws and mitigate the risk that is imparted on Principal Employer. We conduct monthly audit of contractor’s records of all Vendors at a location fixed by the client or Connect with vendors through email for compliance audit and provide the list of documents for audit. We work with large, sophisticated and complex organizations to help them manage risk from third party providers of products and services. There are many moving parts in large organizations. Business unit executives, purchasing, sourcing and legal teams spend a lot of time and company resources in developing good contracts, agreements and statements of work. However, keeping track of thousands of vendors and ensuring they comply with contractual terms is difficult. When these activities are ignored, invoice error rates and fraud escalate. We, IKON Outsourcing Pvt. Ltd., work closely to understand broad supplier contractual issues and provide specific detailed examples on contract non-compliance. We can help companies recover from billing errors and even fraudulent billing by vendors.