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Part Six: Excel is not a Reporting Tool

Posted by KristenLawson on Aug 30, 2018 1:55:03 PM

Beginning in January, we posted a blog outlining five important reasons why excel spreadsheets were not to be trusted for implementation of the ASC 606 guidelines. Since then, we have extended that blog post into a series devoted to the topic of Excel, focusing each post to one of the five reasons. This month’s FINALE: “Excel is not a Reporting Tool”.   

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Part Five: Excel is not an Agile Business Tool

Posted by KristenLawson on Jul 10, 2018 10:14:20 AM

Beginning in January, we posted a blog outlining five important reasons why excel spreadsheets were not to be trusted for implementation of the ASC 606 guidelines. Since then, we have extended that blog post into a series devoted to the topic of Excel, focusing each post to one of the five reasons. This month’s rally: “Excel is Not an Agile Business Tool”.  

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Part Four: Excel is Not Intended for Sharing

Posted by KristenLawson on Jun 25, 2018 3:59:12 PM

Beginning in January, we posted a blog outlining five important reasons why excel spreadsheets were not to be trusted for implementation of the ASC 606 guidelines. Since then, we have extended that blog post into a series devoted to the topic of Excel, focusing each post to one of the five reasons. This month’s rally: “Excel is Not Intended for Sharing”.

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Part Three: Excel is Not Secure

Posted by KristenLawson on May 18, 2018 12:00:00 PM

 

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ASC 606:  Are there “Get Out of Jail Free” cards?

Posted by Graham Hulme on Mar 1, 2018 8:00:00 AM

 Anyone who has played Monopoly knows that every player wants that "Get Out of Jail Free" card...In real life, though, there are no "Get Out of Jail Free" cards for those adopting ASC 606. 

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Telecoms and ASC 606: Revenue Recognition Under the New Standards

Posted by Martin Sachs on Oct 2, 2014 10:13:00 AM

When the US Financial Accounting Standard Board (FASB) released its updated revenue recognition guidelines earlier this year, it also spotlighted several industries likely to see substantial impacts from the new ASC 606 guidance. One the most notable verticals on that list: telecommunications.

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Getting Started with Advanced Revenue Management Solutions

Posted by Martin Sachs on Dec 26, 2013 3:30:00 PM

In today’s marketplace, revenue information is under heavy scrutiny, and is frequently audited. Reliable, accurate revenue reporting is absolutely essential for any business, particularly when it comes to complying with government regulations such as Sarbanes-Oxley.

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Want Financial Security and Controls? Drop Your Spreadsheets

Posted by Martin Sachs on Nov 14, 2013 3:07:00 PM

For younger companies, spreadsheets can be an excellent stop-gap solution for many different applications. They perform valuable mathematical functions and are easy to use, store and access. In smaller companies, they can even be successfully used to identify revenue and manage billing. However, in larger organizations, such methods simply can’t deliver the level of functionality required.

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How to Shop for Complex Billing and Revenue Management Systems

Posted by Martin Sachs on Oct 31, 2013 3:01:00 PM

Some companies need a robust billing and/or revenue management solution. Others don’t. If you run a small to medium-sized business with traditional accounting procedures and a simple billing structure, your business needs can probably met by Microsoft Excel or a generic enterprise resource planning (ERP) system like Oracle, SAP, or Microsoft Dynamics.

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The Pros of a Complex Billing and Revenue Management System

Posted by Martin Sachs on Oct 24, 2013 3:29:00 PM

Conventional spreadsheet applications like Microsoft Excel are fine for small businesses with simple billing procedures and uncomplicated revenue streams. Spreadsheets may be time-consuming to manage, but they'll carry out the required calculations and provide you with straightforward data.

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