How Fortune 500s Negotiate Vendor Audit Rights

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How Fortune 500s Negotiate Vendor Audit Rights

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In episode 78 of Enterprise Tech with Fexingo, Lucas and Luna drill into a contract clause that procurement officers at Fortune 500s are now fighting over: vendor audit rights. When a software vendor can audit your usage, what data can they see? How often? Who pays if the audit finds a discrepancy? Lucas walks through the recent shift from open-ended 'right to audit' language to tightly scoped provisions, citing the 2023 Salesforce-Microsoft audit dispute that redrew the line. He explains how companies like JPMorgan Chase now cap audit frequency to once per year, require 30-day written notice, and limit auditor access to metadata only — not customer data. Luna pushes back on the asymmetry: vendors rarely grant reciprocal rights. The episode closes on the emerging standard: mutual audit rights for AI training data usage. If you negotiate enterprise software contracts, this one pays for itself. #VendorAuditRights #SoftwareProcurement #Fortune500 #EnterpriseTech #ContractNegotiation #SaaS #AuditClauses #JPMorganChase #Salesforce #Microsoft #DataPrivacy #AITrainingData #MutualAuditRights #Compliance #LegalTech #BusinessPodcast #FexingoBusiness #Technology Keep every episode free: buymeacoffee.com/fexingo

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