Enterprise Revenue Dynamics

Compliance

Improving Compliance to Reduce Contract Risk

Every industry must meet unique compliance and regulatory mandates. And for the most highly regulated industries, compliance burdens are continually expanding in size and scope. Companies that follow a manual approach to compliance may invest significant time and resources to understand requirements and update complex calculations, pushing the limits of what manual systems can support.

Providing Positive Proof of Compliance
Answering the challenge to reduce contract risk and improve compliance calls for a system that both automates and manages the end-to-end contract process. By integrating contracts and pricing through Enterprise Revenue Dynamics, companies achieve better commercial, financial, and regulatory compliance.

Commercial Compliance
With an automated contracts and pricing system in place, companies can more easily comply with business terms in the contract for shipping, deadlines, rebates, chargebacks, and other critical contract terms. By verifying and auditing commercial compliance through such a system, companies will reduce contract risk and maintain positive B2B relationships.

Financial Compliance
A sophisticated pricing dynamics engine enables companies to implement tight contract policies and procedures to help ensure compliance with internal processes, financial reporting, and Sarbanes-Oxley regulations and mandates. Companies can follow stringent accounting rules, generate accurate calculations in a timely manner, and create comprehensive, accurate audit trails.

Industry Compliance
Using an integrated contracts and pricing system, companies can implement and manage industry-specific regulations. Through the automation of the end-to-end contract process and the creation of detailed audit trails, companies will be prepared to provide positive proof of compliance, reduce contract risk, and minimize audit vulnerability.

Learn about Revitas™ Compliance Solutions
With over 20 years’ experience helping many of the world’s top large companies address strict compliance requirements, Revitas offers proven solutions for the management of pricing calculations, reporting, and auditability for a range of government programs.