Properly managing recurring revenue is critical as businesses grow and expand. Getting your arms around the complexity of your product and service contracts, properly allocating revenue and applying the ASC 606 5-step process can become overwhelming.
The keys to simplifying revenue management are:
- Automation – to accelerate and streamline the close process
- Accuracy – to produce timely and accurate financial reporting
- Auditability – to ensure compliance and minimize risk
Watch now and learn why automating revenue management matters and how it helps ensure your business is ASC 606 / IFRS 15 compliant. We detail the benefits of a single billing and revenue recognition solution to automate billing events and what we’ve learned from an industry-leading enterprise that is successfully using integrated billing and revenue recognition.