HG

House Of Control Group

www.houseofcontrol.com link_icon

Company Market Research Report



Company Overview



Name


House of Control Group

Mission


Empower businesses with Contract Management and Compliance solutions tailored to their evolving needs.

Founded


No information is available

Founders


No information is available

Key People


  • Einar Gynnild (Sales Director in Norway)

  • Lars Hoffmann (Sales Director in Denmark)

  • Magnus Jansson (Sales Director in Sweden)

  • Pierre-Yves Dermagne (Belgian Deputy Prime Minister and Minister of the Economy and Employment) - Relevant to CSDDD


Headquarters


O.H. Bangs vei 70, N-1363 Høvik, Norway

Number of Employees


No information is available

Revenue


CSAM Health Group (a customer) reported 2022 revenue of NOK 370 million. Specific revenue for House of Control not provided.

Known For


Leader in contract management, IFRS 16 compliance solutions, and the Corporate Sustainability Due Diligence Directive (CSDDD) solutions. They have over 1600 clients and thousands of active users daily.

Products



Complete Control


A contract management software designed to streamline the storage and management of agreements, assets, and liabilities.

Key Features


  • User-friendly interface

  • Replaces Excel and other cumbersome tools

  • Metadata for financial management

  • Available in English and Nordic languages

  • Automatic notifications for contract expirations

  • Detailed financial reports and easy export to Excel


IFRS 16 Lease Accounting Software


A solution for IFRS 16 compliance to address complex lease accounting challenges.

Key Features


  • Eliminates Excel complexities

  • Centralized lease data

  • Automated calculations

  • Comprehensive reporting

  • Time and risk reduction


CSDDD Software


Cloud-based software tailored to comply with the EU Corporate Sustainability Due Diligence Directive.

Key Features


  • Supplier register

  • Smart surveys

  • Storage of important documentation

  • Change log and reporting


Digital Signature Solution


Integrated with the contract management platform for secure, simple, and efficient digital signing of documents.

Key Features


  • Collect everything in one place

  • 100% legally binding agreements

  • High security with European ID solutions

  • Traceability of agreements


Recent Developments



New Products Launched


  • No specific new product launches mentioned in the data.


New Features Added


  • Introduction of alerts in Complete Control for compliance related to subcontracting.

  • Enhanced detailed reports and financial planning features in Complete Control.

  • Expanded support for IFRS 16 compliance reporting, including various reports and figures exports.


New Partnerships


  • Link Treasury Services has chosen House of Control’s software to help UK Local Authorities with IFRS 16 compliance challenges.


Customer Success Stories


ManpowerGroup


  • Successfully implemented Complete Control, registering over 900 agreements, and improving contract management processes for better planning in procurement and sales.


Visma Group


  • Achieved significant savings of NOK 220 million in two years by utilizing Complete Control to manage supplier contracts and procurement.


CSAM Health Group


  • Leveraged Complete Control for managing over 700 customer contracts, resulting in substantial financial benefits and improved revenue recognition.


Summary


House of Control Group is a leader in contract management and compliance solutions, particularly in the Nordic region. With innovative products like Complete Control, IFRS 16 Lease Accounting Software, CSDDD Software, and Digital Signature solutions, they cater to the evolving needs of finance and procurement departments. Recent successes with significant clients underscore their valuable impact on improving business operations and compliance with various regulations.