Governance for High Tech
The high technology industry has one of the most multifaceted, stretched and geographically diverse supply chains, with products often traveling across multiple international boarders all before their first end customer shipment. The impact of disruption and variability in either supply or demand can have a range of negative effects on the enterprise. Revenue leakage is a real problem facing the industry, due to a complex revenue management chain.
“Revenue leakage amounts to 9% of an enterprise’s revenues.”
Weak internal controls in the underlying systems are therefore prone to revenue leakage through fraud, errors, or mismanagement. High Tech organizations are subject to additional losses through penalties if the revenue recognition method does not comply with guidelines issued by FASB, IASB, etc.
SafePaaS controls include industry specific advanced Controls for ERP business applications such as Oracle E-Business Suite, Oracle ERP Cloud, SAP, PeopleSoft and J.D. Edwards to continuously monitor across processes such as Procure-to-Pay, Order-to-Cash and Hire-to-Retire processes.
Advanced Controls can detect risk incidents, while ensuring data quality and providing feedback on key performance metrics across the entire process. You can improve checks and balances, identify process efficiency opportunities and prevent revenue leakage and mitigate impact of supply chain disruption. SafePaaS Advanced Analytics can also leverage Advanced Controls to investigate recovery opportunities to improve revenue generation, margins and profitability.
SafePaaS can help you:
Control revenue leakage
Comply with revenue recognition policies
Mitigate supplier risks
Optimize supply chain management
Streamline of talent management