Role Purpose:
- The purpose of this role is to provide strategic guidance and recommendations on pricing of contracts being executed by Wipro to maintain its competitive advantage and profit margins.
- The role also provides assurance that SoW are in line with internal guidelines and payment terms included in SoW and not adversely impacting Wipro's interest.
- Contract pricing review and advise.
- Pricing strategy.
- Provide inputs to the development of pricing strategy for Wipro.
- Educate and drive adherence of the pricing strategy in various SBUs to maintain a competitive advantage of Wipro.
- Review and advise on contract commercials.
- Work closely with pre-sales and BU leadership to review the contracts about to be finalized.
- Review the Resources Loading Sheet (RLS)) submitted by pre-sales / delivery team and work on the contract pricing.
- Highlight any anomalies observed in the RLS to the team and work with them to take corrective action.
- Propose a competitive pricing basis the effort estimate by considering the cost of resources, skills availability and identified premium skills.
- Review Contract commercial terms and conditions.
- Review the commercial terms and conditions proposed in the SoW.
- Ensure they are aligned with internal guidelines for credit period and the existing MSAs and recommend payment milestones.
- Ensure accurate revenue recognition and provide forecast.
- Implement and drive adherence to revenue recognition guidelines.
- Ensure revenue recognition by the BFMs are done as per the IFRS standards.
- Partner with BFMs and educate them on revenue recognition standards and internal guidelines of Wipro.
- Provide accurate and timely forecast of revenue.
- Validation of order booking.
- Adherence to order booking guidelines.
- Act as a point of check and ensure all documents, approvals and guidelines are adhered before the order is confirmed in the books of accounts.
- Highlight any deviations to the internal guidelines / standards and work with the concerned teams to address the deviations.
- Team Management.
- Clearly define the expectations for the team.
- Assign goals for the team, conduct timely performance reviews and provide constructive feedback to own direct reports.
- Guide the team members in acquiring relevant knowledge and develop their professional competence.
- Educate and build awareness in the team in Wipro guidelines on revenue recognition, pricing strategy, contract terms and MSA.
- Ensure that the Performance Nxt is followed for the entire team.
- Employee Satisfaction and Engagement.
- Lead and drive engagement initiatives for the team.
- Track team satisfaction scores and identify initiatives to build engagement within the team.
- Financials Pricing strategy - coming up with newer and innovative methods of pricing.
- Monetizing Wipro's efforts and value additions.
- Comprehensiveness of pricing recommendations.
- Accurate inputs in forecasting of revenue as per revenue recognition guidelines2.
- Internal CustomerCompleteness of contracts checklist before order booking3.
- Team ManagementTeam attrition %, Employee satisfaction score, localization %, gender diversity %.
- Training and skill building of team on pricing operations.
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