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Many organisations are exploring the benefits of retrofitting payment mechanisms to PPP contracts and taking this as an opportunity to create efficiencies, increase flexibility, identify and address problem areas and promote increased contract transparency and auditability.
This guide explains how a paymech retrofit provides an opportunity to use technology to:
- Identify and address problems in the existing operation of the contract
- Review and clean existing data
- Create efficiencies in maintenance and service provision
- Breathe new life into existing contracts to deliver value for all stakeholders
- Review and apply more rigorous financial auditing
- Create an opportunity to review new technology which will enable cost effective and enhanced efficacy
This guide also explains how the process can be managed to ensure that a payment mechanism is implemented unobtrusively, effectively and, most importantly, painlessly.