Financial Management - Revenue Management

A central revenue recognition application for all your revenue streams

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Prepare for the new ASC 606 & IFRS 15 standards and centralize revenue streams in a single revenue recognition solution. Put an end to error-prone spreadsheets, automate calculations, reduce your period-end close and gain a complete picture of your organization’s revenue - both recognized and deferred.

2017 Transition Guide to the New Rev Rec Standard

Be ASC 606 & IFRS 15 ready

COMPLIANCE: The deadline is fast approaching. Assess the impact and adjust processes straight into the system. Enforce key controls to record transactions accurately and on time.

  • Configure to support your current compliance needs and your transition to the new standards
  • Ensure prior revenue recognized and avoid double booking
  • Keep historical values on old standard and easily track to new
  • Produce audit trails and revenue reports using point and click reporting tools
Spreadsheet Screen grab
Recognize Revenue

Revenue Recognition for any business model

REV REC: The types of revenue models continue to multiply - with product-based, subscriptions, services, SaaS, usage-based contracts and any combination thereof. Track all revenue streams with ease in a system that supports any business scenario.

  • Bring in data from across the business with a single click
  • Support multiple revenue scenarios in one system
  • Automate complex revenue calculations and allocations
  • Get complete revenue and forecasting visibility - in a reporting format based on your specific need

Eliminate complex revenue recognition spreadsheets

AUDIT-FRIENDLY: Improve the auditability and visibility of your revenue recognition data. Adhere to the new standards (ASC 606 & IFRS 15) with ease, match revenue to performance obligations and automate best practices. And manage it all on the Salesforce Platform, alongside your other customer and billing activity.

  • Link revenue recognition entries tightly to source data
  • Get configurable revenue rules and templates
  • Process multi-element arrangements efficiently
  • Allocate and amortize contract costs to performance obligations
  • End dependency on spreadsheets and data integrity issues
  • Put revenue recognition information in a secure, central place
Revenue Recognition Spreadsheets
Revenue and Forecasting Spreadsheet

Get complete revenue and forecasting visibility

Get a complete and graphical view of your revenue situation either in summary or item by item. Empower teams to make more informed decisions for that day, next week and months out.

  • Derive forecasting with both recognized and forecasted values
  • Includes multiple revenue source data, e.g. opportunities, contracts, invoices, projects
  • View by account, customer, project, practice or cost center
  • Use dashboards to view by line of business, customer or region
  • Utilize our standard reports or develop your own

Explore Revenue Recognition Management

Ready for the New Revenue Recognition Standard?

ASC 606 & IFRS 15 launched a major shift from rules-based guidance to principles-based. And the deadlines for both public and private companies are imminent. Are you prepared?

DOWNLOAD TRANSITION GUIDE

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