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Tag: ERP augmentation

Cloud-based Revenue Management for Complex Billing and Revenue Recognition

Cloud-based Revenue Management for Complex Billing and Revenue Recognition

The migration to recurring revenue business models coupled with recent changes in revenue recognition accounting guidance necessitates additional infrastructure for support in the back-office, prompting companies to look for modern, cloud-based revenue management
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Analyzing ERP System Options: ERP Augmentation Software

The complexities of FASB and the IASB’s new revenue recognition guidelines will place heavy strain on back office processes. For quarters starting after December 15, 2017, companies will be required,
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Analyzing Options – Rip & Replace ERP Systems

With the new ASC 606 and IFRS 15 regulations, companies cannot continue with their current revenue accounting practices. When legacy ERP systems no longer support financial processes, it’s time to take
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Updating ERP Systems: Analyzing the use of Spreadsheets for Accounting

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.
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Analyzing the Options: ERP Customization

New business models and FASB’s new revenue recognition guidelines pose a threat to existing ERP systems. Some companies have achieved business improvement from their ERP systems. However, many companies are
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Analyzing the Options: Updating Enterprise Resource Planning Systems

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
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Break the Lock-In: When, Why, and How to Upgrade Your ERP System

Once your company reaches a certain size, ERP and financial systems become indispensable in your day-to-day operations. However, the more tightly you integrate these systems with your business processes, the
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New Revenue Guidance is Coming. Is Your ERP System Ready?

In an effort to streamline and update the revenue recognition process for businesses, the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are in the
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Tooling Up Your ERP for the Recurring Revenue Economy

Subscriptions aren’t just for magazines anymore. In fact, for many businesses—both new and old—subscription-based contracts have become the norm. If you need proof of that, look no further than the
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