FinancialForce Revenue Recognition
Processes that are better, faster, smarter.
When assessing performance and prospects, you need to ensure that all your revenue is accurate and up-to-date. If not, the overall impact on the business will be detrimental. Revenue recognition is usually difficult and complex for older, product-centric ERP systems. With FinancialForce Revenue recognition, businesses are able to improve audibility, recognition, and overall processes.
FinancialForce's revenue recognition system supports multiple revenue scenarios and streams. The system allows you to become compliant with ASC 606, IFRS 15 and AASB 15.
Experience scalable revenue growth without major changes in the organization. The module can de be deployed with FinancialForce Accounting or as a standalone product.
With improved visibility of your revenue, you will be able to accurately prepare for the auditing process and audit trails. The Revenue Recognition module allows you to adhere to new standards with ease.
With a complete view of all your revenue streams, you will be able to easily personalize by business users. This will empower your teams to make more informed decisions and gain holistic insights.