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”.
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”.
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”.
Posted by kristen Lawson on Mar 1, 2018 8:00:00 AM
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. Today, we’ll expand on the first point, “Excel is error-prone”.
Posted by Julia Saad on Dec 28, 2017 1:06:08 PM
Public and private companies alike are at varying stages in adoption of the new revenue recognition standard, Revenue from Contracts with Customers. Many finance and accounting departments have experienced challenges in understanding and implementing the new rules as it applies to their business because the new ASC 606 guidance has proven to be more complex than initially anticipated.
Posted by Julia Saad on Oct 7, 2016 9:29:31 AM
When it comes to revenue recognition and billing, ERP systems do not have the depth of functionality needed to process revenue under the new ASC 606 and IFRS 15 guidelines. Many finance professionals must use manual methods outside the ERP system to address these challenges.
Posted by Julia Saad on Aug 31, 2016 5:06:13 PM
Enterprise Resource Planning Systems are vital to a company’s success. However, these systems need to be maintained and enhanced to protect their value and serve a company’s changing regulatory needs in an ever changing business landscape. For instance, new business models such as IoT, recurring revenue, and changing regulations (ASC 606 and IFRS 15), all put pressure on back office processes to keep up.
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.
Posted by Martin Sachs on Nov 19, 2013 3:17:00 PM