Supplier Governance

Empowers buyers to realize the full value of complex services engagements through improved supplier performance and relationships.

  • Single application for contracts, performances, and invoices delivered as on-demand SaaS
  • Migrate from e-mail and spreadsheets to a solution used by IT, Procurement, Finance and Line-of-Business
  • Complete the end-to-end contract lifecycle management using post-signature performance contract management

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Revenue Assurance

Empowers suppliers of complex services to improve revenue and profitability in large enterprise accounts.

  • Reduce revenue leakage by at least 10% of annual contract value (ACV) and boost gross margins
  • Drive 100% compliance with real-time visibility into contract obligations and performance data
  • Strengthen relationships with your clients by providing performance metrics and reports
  • Strengthen IFRS 15 compliance by adhering to the 5-step process prescribed by International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB)

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IFRS 15 Compliance

Provides suppliers enhanced visibility into contracts, greater control over fulfilment of performance obligations, and accuracy of invoices

THE IFRS 15 5-STEP MODEL FOR REVENUE RECOGNITION

  1. Identify contract(s) that fall within the scope of IFRS 15
  2. Identify performance obligations that have been promised to the customer in the contract
  3. Determine transaction price to which an entity expects to be paid in exchange for the transfer of goods and services
  4. Allocate the transaction price to the performance obligations in the contract
  5. Recognize revenue when (or as) the entity satisfies a performance obligation

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