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Automate Revenue Recognition Compliance or scheduling

One Click, Review, and Finalize
- It's that Simple

Automate Revenue Recognition Compliance or scheduling

At the click of a button all Revenue Recognition schedules are created automatically.

Review the Revenue Recognition schedule.

Finalize and Approve.

Revenue Recognition engine with Standalone Selling Price (SSP) allocation automatically.

At the click of a button the Revenue Recognition schedule is created in compliance with ASC 606 and IFRC 15.

Automatically identify and categorize contracts based on ASC 606 criteria, such as contract enforceability, identification of performance obligations, and contract modifications

Automatically calculating the appropriate Standalone Selling Price (SSP) revenue allocation.

  • Defined in contract (if revenue by product is defined)
  • Adjusted market assessment
  • Adjusted market assessment with % split on product price
  • Residual
  • Expected cost plus margin
Standalone Selling Price

Automatically calculating the ARR and MRR schedules for all products individually.

Automatically calculating the ARR and MRR schedules

Key Benefits:

  • Automates revenue allocation for different performance obligations defined by ASC 606. Taking into account standalone selling prices (SSP), variable consideration, and discount allocation.
  • Generates automated recognition schedules based on contract milestones, delivery or service periods, and customer-specific events. Ensure compliance with the timing and pattern requirements of ASC 606.
  • Seamlessly integrate with existing ERP or financial systems to facilitate data flow and ensure consistency in revenue recognition across all financial reporting processes.
  • Maintain a comprehensive audit trail of revenue recognition decisions and calculations, facilitating internal and external audits.
  • Set up alerts and notifications for contract milestones and changes in recognition schedules related to ASC 606 to proactively manage revenue recognition.