Efficient management of your revenue processes is not only key to profitable growth; it is also fundamental to customer satisfaction. If your ordering process is in one system, but invoicing and collections is in another, then there is a lot of potential for errors, delays, and mis-communication. You need the right accounting software that can embed your billing, payment tracking, and collections activity alongside your sales and service apps. You need FinancialForce.com.
With FinancialForce, you can automate the entire revenue recognition processes on the Salesforce platform. Eliminating the error-prone and time-intensive spreadsheets, FinancialForce automates recognition calculations, adheres to key revenue recognition standards, and increases visibility and auditability.
Benefits of choosing FinancialForce:
- Eliminate complex revenue recognition spreadsheets - Quit spending your valuable time entering data into multi-row documents, and simplify the process while improving the visibility and auditability of your revenue recognition information
- Link recognition entries tightly to source data - Rather than re-entering source data and trigger event information into spreadsheets, simply link to the source data stored on the Salesforce platform
- Stay compliant and in control - Supports AICPA, FASB and SEC regulations (including SOP 81-1, SAB 101, and EITF 00-21), including the requirements for Vendor Specific Objective Evidence or VSOE, and Sarbanes-Oxley
- Process multi elements efficiently - The multilevel structure of FinancialForce Revenue Recognition organizes and simplifies the process of tracking, calculating, and properly creating the right entries from multi element arrangements down to a line item level
To learn more about FinancialForce revenue recognition software, take a look at the quick guide.