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Cut Down on Contract Stress
Oleh:
Laursen, Eric
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Accountancy vol. 193 no. 1 (Jan. 2002)
,
page 57-62.
Topik:
contract
;
contract stress
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ85.13
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Say a company signs a contract with a long - term customer for an item the customer expects to buy over an extended time period. The contract specifies a base price that will drop or increase depending on whether the customer buys more or less of the item than expected. How can the company’s financial managers be sure that accounts payable is keeping track of how much the customer owes and is billing accordingly ? Creating a central repository for all of a company’s contracts is one way to keep all the details straight. By automating their contract management systems, corporate CPA s and companies can cut expenses, increase revenue and manage business risks. Automated contract management systems are network-based software platforms that make contract terms accessible to every person within an organization who needs to know ; customers and suppliers also can be brought into the loop. Mary Barth, CPA, the Atholl McBean professor of accounting at the Stanford Graduate School of Business, says the contract management function has two underlying goals: "It should ensure the promises a company is making and the obligations it is taking on are always visible to the right people in the organization. Second, it should allow top management to see that what the sales staff is promising is acceptable.” The fundamental purpose of contract management, says industry spokesperson Neil Couture, director of development at the National Contract Management Association (NCMA), is to fully integrate the contract management process and the rest of the company’s operations.
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