Why Businesses Lose Money on Contracts They Already Signed
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A property management company in Pretoria had 340 active contracts with tenants, suppliers, and service providers. When their finance director ran an audit, she found that 23 of those contracts had auto-renewed at rates above market value. The company had been overpaying for services for months without realising it. The total cost of those missed renewal windows came to over R890,000.
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