Revenue management is among the top challenges today. With its combination of loosely defined regulations, evolving standards—such as the new revenue recognition rules under Accounting Standards Codification (ASC) 606, and stiff penalties for noncompliance, revenue management creates unacceptable levels of complexity and variability that often overmatch the resources and expertise of many finance teams. Faced with these hurdles, companies are looking to automate revenue management processes to gain efficiency, strengthen compliance, and improve visibility.
The other key is the ability to deploy technology that further streamlines, centralizes, and automates the revenue management process. How to choose the right cloud-based accounting software for my business? How to migrate from on-premises software to cloud-based accounting software? These two questions need to be answered. Cloud accounting software features and functionality need to be explained. Sage Intacct Revenue Management automates and optimises the financial processes associated with complex revenue recognition. Sage Intacct is the cloud-based technology that allows your finance team to connect systems, automate processes, and analyze the business. This solution frees your staff from the intricacies and headaches of managing revenue with manual processes and complicated spreadsheets, while keeping current with the latest accounting standards and providing greater insight into the health of your business.
“Sage Intacct delivered flexibility to integrate with our application ecosystem, and timesaving revenue recognition capabilities—such as complete transparency between Salesforce bookings information, as well as revenue activity down to a SKU-level.”
James Orsillo, Chief Financial Officer at Evariant (SaaS company)
Akuna Solutions can explain how Cloud accounting software features and functionality can support the four key complexities of revenue management:
1. Regulatory compliance
2. Internal controls
3. Forecast visibility
4. Staff productivity
We are here to help you.