Compliance
- Challenges
- Compliance with new
- Standards
- Future-Proofing
- Solutions
- Supports ASC 606
- requirements
- Semi-Annual Upgrades
Flexible Scheduling
- Challenges
- Excel Schedules
- Manual Management
- Solutions
- Auto Revenue Plans Flexible
- Timing
Revenue Journal Entries
- Challenges
- Manual Entry
- Summary Line Detail
- Solutions
- Automatic Posting
- Drill down visibility
The 5 Step Model for Revenue Recognition
Identify the Contract with the Customer > Identity Performance
Obligations in Contract >Determine Transaction Price > Allocation
Transaction Price to Performance Obligations > Recognize Revenue
When (or as) Performance Obligations are Satisfied
Revenue Management Process
Contract > Performance Obligations > Revenue Allocation > Basis for
Recognition > Rules Applied for GL impact
- Separate revenue recognition forecasts from actual revenue plans
- Use event triggers such as fulfillment or billing to drive the creation of planned revenue recognition
- Create period-end revenue recognition entries in bulk
- Automatically deferred revenue reclassification for recognized revenue that has not
Revenue Management: KPI’s, Reports
- Revenue Recognition Reports
- Deferred Revenue Waterfall
- Deferred Revenue by Customer
- Deferred Revenue by Item
- Revenue by Customer
- Revenue by Item
- Revenue Recognition Forecast Summary
- Revenue Recognition Forecast Detail
- Billing and Revenue Summary
- Deferred Revenue Reclassification Activity
- Deferred Revenue Reclassificationh
- Deferred Revenue Roll Forward