Apttus Solves Regulatory and Compliance Needs
Comply Now and Be Ready for Emerging Rules
What is Regulatory Compliance?
Every company is subject to many regulations: local laws, national laws, industry standards, accounting rules and more. Often companies spend significant resources to comply with regulations, and struggle to handle new rules and prepare for pending changes to rules. Apttus solutions empower companies to build compliance into their Quote-to-Cash and Contract Management processes, so that emerging and existing rules can be managed at a lower cost, with less risk and without disruption to operations.
The Benefits of Regulatory Compliance
Apttus Enables Compliance with Current and Emerging Rules
For most companies, regulatory compliance feels like a burden. Regulations add cost and can interfere with sales, service and delivery. Moreover, the possibility of failing to comply with regulations creates business risk. Apttus technology lets enterprises design regulatory needs right into their processes, so that compliance can take place with less risk, fewer manual steps and at a lower cost. Best of all, Apttus technology is easily configured, so enterprises are prepared for new requirements and uncertain future events.
Comply with New ASC 606/IFRS 15 Accounting Rules
Nearly every company must comply with ASC 606/IFRS 15 revenue recognition rules, which guide how companies define revenue at every step of the Quote-to-Cash process from pricing, quoting, contracting and order management, all the way through revenue recognition. Apttus Quote-to-Cash technology solves compliance with these new standards by transforming revenue management processes, automating dual reporting of revenue, reducing the cost of revenue recognition and eliminating reliance on manual efforts and spreadsheets.
Comply with European Union GDPR Privacy Rules
Beginning in 2018, every company operating in the EU must comply with the General Data Protection Regulation (GDPR). The GDPR significantly expands the privacy rights of EU individuals, requiring businesses to overhaul how they must process and handle EU personal data. Apttus provides the necessary security and privacy protections to help customers comply with the GDPR.
Simplify Dodd-Frank Identification of Vendors for Fast Annual Reporting
Under Dodd-Frank Section 165(d), major US banks are subject to substantial annual reporting of resolution-critical vendors, and must maintain legally compliant contract language. Apttus Contract Management enables banks to consolidate contracts into one searchable repository, flag relevant language, and issue reports automatically. Don’t waste resources on pricey consultants and manual processes each year—invest in the system that automates mandatory reporting to save you time and money.
Increase Visibility to Commitments and Revenue for Sarbanes-Oxley Certification
CEOs and CFOs of US public companies must personally certify financial results under Sarbanes-Oxley Section 302. Apttus Quote-to-Cash solutions give company leaders greater confidence in the entire revenue cycle by revealing all pricing, contract obligations, orders and revenue recognition events. Automated reporting and the most sophisticated workflow and approvals technology available give executives confidence that the numbers they see are numbers they can stand behind.
Stay Compliant with HIPAA Regulations, Both for Patients and Partners
The US Health Information Portability and Accountability Act (HIPAA) gives individual patients the right to control their personal health information, and creates sanctions against companies that fail to observe the law. Apttus Contract Management offers HIPAA-compliant options for companies that handle patient records, ensuring the privacy of all protected data. For companies transacting with HIPAA-compliant organizations, Apttus Contract Management ensures such organizations are correctly identified to prevent accidental disclosures of patient data into company systems. Don’t let a weakness in your HIPAA compliance strategy hurt your business—let Apttus Contract Management provide ironclad controls.
Come What May, Be Ready for Any Kind of Brexit
Brexit, the exit of the United Kingdom from the European Union, approaches in a matter of months. Yet the impact of this event on commercial relationships, employment agreements and legal covenants may not be evident until just before the effects are felt. Apttus Contract Management prepares companies for Brexit by giving them total control of their contract language—the ability to search, report, expire, amend and renew contracts, clauses and business terms. Businesses with Apttus Contract Management can respond with agility to Brexit, executing the adjustments they need to keep operating effectively. Any business operating in the UK or in the EU needs a Brexit strategy—the businesses that will navigate Brexit best use Apttus.
Stay in Front of Multiplying EU and UK Financial Services Regulations
Financial institutions operating in the EU and UK face a host of emerging rules such as MiFID II, Know-Your-Customer, Ring-fencing and General Data Protection Regulations. These rules have one thing in common: They are better managed with Apttus Quote-to-Cash solutions that ensure internal access controls, compliant pricing arrangements, accurate contract language, simplified contract amendment procedures and all required reporting. Don’t get frustrated with regulations—turn them into a competitive advantage with Apttus Intelligent Quote-to-Cash for global banks.