How to Audit Your Technology Contracts

Key takeaways

Collect every contract, amendment, and recent invoice in one place.

Flag auto-renewal clauses and notice windows.

Compare current pricing to the market before each renewal.

What to compare

When evaluating technology expense management options, TEG recommends comparing providers on the following criteria rather than monthly price alone:

• Inventory accuracy
• Audit methodology
• Reporting and dashboards
• Integration with accounting
• Savings model and fees
• Ongoing management vs. one-time audit
• Provider relationships
• Data security

Common problems this addresses

• No central inventory of services
• Billing errors and unexplained charges
• Auto-renewals with no review
• Duplicate or unused services
• Unallocated costs across locations

How TEG helps

TEG documents your requirements, identifies qualified providers, normalizes their proposals, and supports your team through selection and implementation. You receive a clear comparison and an advisor who remains accountable after the contract is signed.