Contract Management

Simplify the administration and accounting for multi-element contracts

• Automatically calculate recognition amounts for each element
• Manage multiple schedules against a single contract
• Enable entry of percent complete values that cascade through the system
• Allocate revenue based on established VSOE values

Put all your contract data in one central repository

• Establish one source for information on contracts, users, licenses, serial numbers, platforms, maintenance, etc.
• Automatically update all accounting processes with contract changes
• Enter data once, no need to re-key for billing, general ledger or reporting
• Track upgrades by date, version, price, etc.

Facilitate complex billing

• Consolidate multiple charges into a single bill
• Manage simple and complex billing schedules
• Detailed audit tracking of all activity
• Support separate “bill-to” entities for different locations under the same contract
• Create blended, logical views of all contract, delivery and billing data by bill-to location

Support compliance with Sarbanes-Oxley, SEC and FASB

• Provide a transactional audit trail for Sarbanes-Oxley 404 assertions
• Create a foundation for robust internal controls over revenue processes
• Support compliance with revenue recognition rules (SOP 97-2, 98-9, VSOE, SOP 81-1, SAB 101, and EITF 00-21).
• Identify and optimize revenue processes
• Improve the integrity of revenue data
• Better establish and enforce internal controls for revenue