House of Control develops and sells software as a service (SaaS) solutions. The main solution is Complete Control, which is used for managing contracts and assets, including the contracts’ financial implications for accounting, budgeting and reporting. Complete Control has several modules and add-ons, including compliance with IFRS 16 (Financial Leases) requirements, HR management, digital signature and price index adjustments. The user value is derived from cutting costs, saving time, and reducing business risk and dependency on key personnel.
After acquiring DinERP in 2020, House of Control has expanded its scope. DinERP develops and sells SaaS applications for the users of IFS, a global Enterprise Resource Planning system. The solutions are mainly focused on purchasing processes, supplier and B2B customer communications, and travel, time and expense management. With a wider scope, House of Control seeks to expand its offering to the market by including valuable software for commercial management. The Chief Financial Officer of an organization constitutes the typical decision maker and customer.
The history in a nutshell
What was stolen? This is what the insurance company asked Lasse Sten when the then managing director of a computer equipment distributor reported a break-in at his office in Oslo.
He and his colleagues quite simply could not present a valid list of what was missing, let alone provide key data such as the model name, purchase price and age.
Sten, who had already founded multiple companies, quickly realised that this problem wasn’t unique to them. The idea was born: Security labels linked to a digital register containing key information such as prices, serial numbers, expiry dates, users and other important documentation.
The solutions were positively received by the market. And the customers did more than use the security labels; they asked questions and made suggestions. “Couldn’t this digital register also be used to give us an overview of bigger things like our ongoing contracts with suppliers and customers?”
Of course, the answer was yes. This customer engagement set off a spiral of customer-driven innovation and technological development that defines House of Control to this day. It soon became clear that the tool helped users to cut out non-essential supplies, learn when contracts were due to expire and automatically renew, remove dependency on key personnel and budget more quickly and accurately.
When the investors in Viking Venture acquired a majority stake in House of Control in 2015, it gave the company further momentum: Professionalization of management, better organisation of the business, a renewed focus on customer satisfaction, and greater financial resources for expansion into new markets.
At House of Control, we are convinced that “lean is green”. Whenever a Complete Control user decides not to lease a new piece of equipment or decides to discontinue a service delivery, this customer is at the same time cutting global emissions and the use of the planet’s resources.
Our rule of thumb, based on the experience of some 1,500 customers, is that they can reduce other operating costs by - on average - 10 percent. In addition to improving profitability while threading more lightly on the planet, cutting costs also makes employment more robust in times of scarcity.
Increased profits and more employees translate into a larger tax base for the country’s authorities. Thus, avoiding unnecessary costs not only reduces wasteful behaviour; it contributes to the funding of education, health care and other common goods in a society.
Increased profits, a larger tax base, more secure jobs and a greener planet - we find these highly meaningful outcomes. The future takes sound contract management!