Complying with the new revenue recognition standards can be a huge ordeal for any company. ASC 606 and IFRS 15 standards can get anyone into a panic, whether you lack in man power or you simply need help in understanding what it is exactly that you have to do - it can become quite the headache.
FinancialForce Revenue Recognition can help. FinancialForce can help keep your business completely compliant with the new standards with ease. Leave your revenue recognition spreadsheets behind and get total control. With all of the accounting regulation changes coming soon, companies need to review their revenue recognition and billing procedures and consider the best tools that will help them every step of the way.
FinanicialForce Revenue Recognition Management Software will keep you compliant and equipped with the ability to:
- Link revenue recognition entries tightly to source data
- Process multi-element arrangements efficiently
- Derive revenue forecasting with both recognized and projected values
- Provide complete revenue visibility
Download the available Revenue Recognition Rules Transition Guide for a more in-depth look on how to prepare.