Patent ID: 8255252

Claim:
A method for performing an audit, resolution and recovery for a contract between a buyer and a supplier, said method including: defining, by a computer-based system for contract analysis, a scope of said audit, said resolution, and said recovery; documenting contacts for said buyer and said supplier; finalizing a charter for said audit, said resolution and said recovery; confirming appropriate approvals related to said audit and said recovery; creating, by said computer-based system, a buyer process map from information solicited from said buyer; defining intended objectives for said supplier; creating, by said computer-based system, a supplier process map from information solicited from said supplier; determining, by said computer-based system and based on said buyer process map and said supplier process map, data requirements for said buyer and said supplier, wherein said data requirements comprise direct client requirements for existing clients and Request for Proposal requirements for non-existing clients; requesting, by said computer-based system, data from said at least one of: said buyer and said supplier based on said data requirements; receiving, by said computer-based system, data from said at least one of: said buyer and said supplier; tracking, by said computer-based system, data received from said at least one of: said buyer and said supplier; performing, by said computer-based system, an analysis of said data to create audit findings; preparing preliminary findings and an executive report on said audit findings; aligning said audit findings with stakeholders of said buyer; preparing a report based on said audit findings; providing said report to said supplier; evaluating supplier performance against said contract; determining a current health of said contract; determining potential opportunities for improvement related to said contract; providing optimal and sustained cost savings for said buyer; and, conducting said resolution and said recovery with said supplier based on said report.