Revenue Recognition Standard Compliance
There are many companies struggling in preparation of the new revenue recognition standards, most notably ASC 606 from FASB, and IFRS 15 from IASB. Is your company on board and ready?
Companies need systems that can help them seamlessly take advantage of the most modern business model (everything-as-a-service, anyone?) while staying compliant – almost turning the new regulations into a business opportunity .
- 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