Overcoming The Challenges of the New Revenue Recognition Standards
Incredible changes are occurring in Recurring Revenue Management. To be successful today, the corporate back office must keep pace with new recurring revenue models while complying with tremendous changes brought on by the new revenue recognition standard, embodied in IFRS 15/ASC606.
While ERP platforms are unable to handle the inherent complexity associated with these changes, there are emerging technologies available that can help you prepare for the future now avoiding a costly rip and replace solution.
In this informative hour you’ll learn:
- The complexities inherent in new recurring revenue models and the ASC 606 standard
- The pros and cons of available options from an infrastructure perspective
- Important transition points you need to understand, and critical considerations required to comply with IFRS/ASC606