TLM CONSULTING INC.
OUR PORTFOLIO
Large Multinational Oil and Gas Company
An engagement with a previous client, a large multinational Oil and Gas company spanned a period of 12 months, during which we provided comprehensive contract compliance services to optimize their contract management processes and ensure adherence to contractual obligations.
Our client faced significant challenges in managing their vast network of contracts, ranging from procurement agreements and service contracts to joint venture partnerships. They recognized the need for a robust contract compliance program to mitigate risks, control costs, and improve overall governance.
Our team conducted a thorough contract review and analysis, examining key contracts to identify potential risks, inconsistencies, and areas of non-compliance. We developed a customized contract compliance framework, incorporating best practices and industry-specific regulations. This involved establishing clear processes, implementing contract tracking systems, and training stakeholders on contract management protocols.
Through our engagement, our client achieved substantial improvements in their contract compliance efforts. We helped them identify cost-saving opportunities, mitigate financial and legal risks, and streamline their contract management processes. Our recommendations enabled them to strengthen vendor relationships, optimize contract terms, and enhance overall governance. As a result, our client experienced increased operational efficiency, cost savings, and improved compliance with contractual obligations.
Large Canadian Financial Services Provider
An engagement with a previous client, a large Canadian bank faced several challenges while conducting a vendor audit for a critical service provider. The complexities involved in assessing vendor compliance, verifying contractual obligations, and ensuring data security demanded a robust and meticulous approach. The bank required a reliable partner with expertise in vendor audits to streamline the process and provide actionable insights for improvement.
Recognizing the bank's unique needs, TLM Consulting Inc. deployed a tailored vendor audit solution, meticulously crafted to address their specific requirements. Our experienced team collaborated closely with the bank's internal stakeholders to understand the vendor's scope of services, compliance requirements, and critical risk areas. With a meticulous approach, we devised a comprehensive audit framework to assess the vendor's operations, processes, and security protocols.
TLM Consulting Inc.'s team conducted the vendor audit with utmost professionalism and efficiency. We thoroughly reviewed contractual agreements, evaluated service level agreements (SLAs), and assessed the vendor's adherence to compliance standards, including regulatory requirements and data security protocols. Our experts conducted on-site visits, interviewed vendor personnel, and examined documentation to ensure a comprehensive evaluation of the vendor's performance and compliance.
Upon completion of the audit, TLM Consulting Inc. presented the bank with a detailed report outlining our findings, along with actionable recommendations to address any identified gaps or areas of concern. We collaborated with the bank's team to develop remediation strategies, providing guidance on renegotiating contracts, strengthening vendor oversight mechanisms, and improving data protection measures. Our recommendations aimed to optimize the bank's relationship with the vendor, enhance operational efficiency, and reduce potential risks.