Billing Records. Provider will create and maintain complete, accurate and up-to-date records and supporting documentation for all invoices and other transactions under the Purchase Order for at least three (3) years following the date of final payment, such records to be maintained in accordance with generally accepted accounting principles and sound business practices. Upon five (5) business days’ prior written notice, FIS may verify Provider’s compliance with this PART 5. Such verification will be conducted in a manner that minimizes disruption to Provider’s business. FIS may use an independent auditor to assist with such verification, provided that FIS has a written confidentiality agreement in place with such independent auditor. Provider will provide to FIS and its auditors accurate electronic and written records, system tool outputs, and other requested system information sufficient to provide verification that Provider’s billing invoices are accurate and in compliance with the Purchase Order. FIS will notify Provider in writing if any such verification indicates that Provider is not in compliance with the Purchase Order, and Provider will promptly reimburse FIS for any overpayments made by FIS under the Purchase Order.
Appears in 5 contracts
Samples: Purchase Order Agreement, Purchase Order Agreement, Purchase Order Terms
