Revenue and Deferral Management (RDM)
Many technology companies have unique needs that impact revenue recognition. Systematic management of revenue has a high value add to these companies: streamlined business processes, efficient time to revenue recognition, and fully auditable and traceable processes.
Key Features:
- Streamline revenue recognition and account closing processes
- Gain revenue by eliminating errors, lack of detail and duplicate entry
- Comply with AICPA, FASB and SEC regulations, and Sarbanes-Oxley Section 404 requirements
- Decrease tracking costs and managing revenue to focus on analysis and process
- Deliver real-time reporting to make business-critical decisions
- Increase financial reporting accuracy and improve customer service
Software companies will benefit from revenue contract management, carve outs, and recurring billings. Semiconductor companies will benefit from distributor revenue management and support for ship and debit contracts. Technology manufacturing concerns will benefit from support of FOB revenue recognition delays and application of SOP standards to revenue. Many other companies can benefit from planning or phasing the timing of revenue recognition, as well as support for sales related expenses (royalties, marketing credits, margin costs).
Improve the efficiency and accuracy of complex revenue models with Tensoft Revenue and Deferral Management (RDM). When your business needs, industry practices and/or compliance mandates require complex revenue models, let RDM eliminate your spreadsheet and manual processes.
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