Complete ControlBy House of Control
Complete Control is a platform designed to streamline and centralize contract management, asset oversight, and critical financial compliance. Primarily aimed at the Chief Financial Officer (CFO) and finance departments of medium to large enterprises, the software addresses the complex, time-consuming, and professionally challenging work associated with managing a company's contractual obligations and liabilities. By transforming fragmented data and manual processes into a unified, accessible, and automated system, Complete Control enables organizations to reduce costs, save time, mitigate risk, and significantly enhance overall compliance and financial control. It serves as the central source of truth for all contracts and associated assets, providing role-based access to ensure that the right personnel have the necessary level of visibility.
The platform offers contract lifecycle management functionality. Complete Control provides a secure, central repository for all agreements, replacing risky and inefficient methods like spreadsheets or scattered file folders. This centralization is crucial for maintaining an up-to-date and complete overview of a company's total liabilities and vendor relationships. Key contract management features include automated alerts for critical dates such as expiration, notice periods, and renewal options, which are vital for avoiding costly, unwanted automatic renewals. Furthermore, the system is designed to support more efficient and accurate invoice accounting by allowing invoices to be matched against contract terms, flagging discrepancies, and improving budgetary precision. Its emphasis on gaining complete supplier and contract oversight makes it a valuable tool for procurement and financial planning.
Complete Control, a flagship software-as-a-service (SaaS) solution by House of Control, is a comprehensive platform designed to streamline and centralize contract management, asset oversight, and critical financial compliance. Primarily aimed at the Chief Financial Officer (CFO) and finance departments of medium to large enterprises, the software addresses the complex, time-consuming, and professionally challenging work associated with managing a company's contractual obligations and liabilities. By transforming fragmented data and manual processes into a unified, accessible, and automated system, Complete Control enables organizations to reduce costs, save time, mitigate risk, and significantly enhance overall compliance and financial control. It serves as the central source of truth for all contracts and associated assets, providing role-based access to ensure that the right personnel have the necessary level of visibility.
The platform's core offering is its robust contract lifecycle management functionality. Complete Control provides a secure, central repository for all agreements, replacing risky and inefficient methods like spreadsheets or scattered file folders. This centralization is crucial for maintaining an up-to-date and complete overview of a company's total liabilities and vendor relationships. Key contract management features include automated alerts for critical dates such as expiration, notice periods, and renewal options, which are vital for avoiding costly, unwanted automatic renewals. Furthermore, the system is designed to support more efficient and accurate invoice accounting by allowing invoices to be matched against contract terms, flagging discrepancies, and improving budgetary precision. Its emphasis on gaining complete supplier and contract oversight makes it a valuable tool for procurement and financial planning.
A major, specialized module within the Complete Control ecosystem is its dedicated IFRS 16 Lease Accounting software. This module is essential for companies facing the complexities of the International Financial Reporting Standard 16, which requires both finance and operating leases to be brought onto the balance sheet. Instead of relying on error-prone spreadsheets, the IFRS 16 solution automates the intricate calculations and reporting required for compliance. It supports the classification of lease payments, handles complexities like multiple currencies and index-based adjustments (such as CPI), and automatically calculates the net present value of future payments, lease liability, and the corresponding right-of-use asset. By managing the lease lifecycle, scenario modeling, and providing an audit-ready history with real-time recalculations, the software significantly reduces the compliance burden, ensuring financial reporting is accurate, consistent, and auditable.
Beyond core contract and lease accounting, Complete Control is positioned as a critical tool for broader regulatory compliance, including support for initiatives like the Norwegian Transparency Act, the Corporate Sustainability Due Diligence Directive (CSDDD), and DORA (Digital Operational Resilience Act), which demand greater oversight of supplier relationships and business data. The software's ability to structure, connect, and analyze contract and asset data turns potential compliance liabilities into a source of strategic insight. By integrating seamlessly with existing ERP systems via an API, it ensures that financial journals and lease payments are automatically shared with the corporate accounting software, eliminating manual data entry and ensuring data consistency. Ultimately, Complete Control's goal is to empower the finance function with reliable, structured data and automated workflows, allowing them to shift focus from administrative tasks to strategic decision-making and optimal financial performance.
