Support Revenue Recognition with Contracts Intelligence

Streamline Your Quarter-End Processes

Finance executives are under constant pressure to recognize revenue quickly and accurately at quarter-end. Despite the fact that critical revenue numbers hinge on comparing delivered goods and services with contractual terms, companies still lack access to vital contractual information. This lack of visibility not only causes delays in key processes, it also leaves companies exposed to the risk of a restatement due to a reliance on inaccurate information.

Decode Complex Transactions

A company's most complex relationships are fluid, with frequent changes spanning several years and multiple documents. To recognize the revenue from these transactions properly, teams must track down key information and piece together various elements. This process is revisited at the close of every quarter, wasting valuable time and resources.

Pramata Contracts Intelligence On-Demand decodes the complex pricing and underlying structure of your most valuable agreements, presenting you with a holistic and integrated picture of your most important relationships.

Arm Your Teams with Up-to-date Contract Details

The majority of public companies cannot finalize their monthly close processes on time because key contractual information they rely on is not readily available. Without the means to manage critical contractual details on an enterprise scale, companies develop an over-reliance on "brute force" methods - manually compiling complex spreadsheets to analyze their transactions. Not only is this process time consuming and open to inaccuracies, the product is a static snapshot of your contracts that can become outdated by quarter close.

With Pramata Contracts Intelligence On-Demand, you can arm your teams with instant access to the detailed, accurate, and up-to-date information they need finalize their revenue numbers.

Pinpoint Critical Issues for Further Analysis

Stop reading hundreds of documents looking for unique commitments that require special analysis. With Pramata Contracts Intelligence On-Demand, your teams can immediately query and pinpoint transactions with unusual discounts, embedded derivatives, multiple element arrangements, and other key complexities that require special analysis.

Get a Head Start on IFRS Mandates

As global companies move toward adoption of IFRS guidelines, they must prepare to consolidate and review their agreements to correspond with the new accounting standards. Ease this transition by getting critical contractual information under control now with Contracts Intelligence On-Demand.