Supplier Governance

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

Revenue Assurance

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

  • Drive 2-5% revenue improvement in strategic accounts through tight alignment between the contract, performance and invoicing
  • Improve contract delivery and compliance through clear visibility and tracking of performance obligations
  • Improve account-level EBITDA through 60% reduction in contract governance costs through automation and granular management of credits, claims and disputes
  • Improve relationships and wallet share through improved alignment and transparency based on a single-source-of-truth
  • Strengthen IFRS 15 compliance through adherence to the 5-step process prescribed by International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB)

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IFRS 15

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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