A Revenue Automation Software that Complies with New Regulations
SK Global Software’s Revenue Automation for Microsoft Dynamics 365 / Dynamics AX allows you to gain control over revenue while still maintaining compliance with new accounting regulations. This is a critical priority for organizations with complex billing arrangements and sophisticated customer contracts.
A Seamless Integration with your ERP System
If you need to manage contract revenues, subscription billings and renewals effortlessly, Revenue Automation will do this for you. It integrates tightly with your existing ERP system. You will have configurable and flexible billing and revenue processing. Revenue Automation will help you maintain control over even the most complex, multi-element billing arrangements.
Revenue Automation for Dynamics 365 / Dynamics AX Can Offer…
- Multiple element arrangement revenue recognition
- Highly configurable billing and revenue processing
- Knowledgeable support for the most current multiple element arrangement accounting standards
- Flexibility that allows for modified revenue schedules and sales orders, adjusting in the most complex situations
- Reliable, fully-integrated platform in the cloud or on-premises
3 Pillars of Revenue Automation: Advanced Contract Management, Billing Automation and Revenue Recognition Automation
SK Global Software’s Revenue Automation is made up of three pillars: Advanced Contract Management, Billing Automation and Revenue Recognition Automation.
Advanced Contract Management handles all sales bookings and contract setups, including definition of contract performance obligations.
Billing Automation handles all of the billing, including subscriptions billing management. It is very flexible and can be designed to support an unlimited number of addenda, including bill-to’s, deliver-to’s and much more.
Revenue Recognition Automation supports all of the legacy rules behind VSOE and the new rules that are coming for 606. It can also provide forecasting information, dashboards and metrics.
Overall, our Revenue Automation is designed to give you control, reduce errors and audit costs, and automate critical processes. Feel secure by knowing that your revenues are being tracked and reported accurately.
Complying with ACS 606 and IFRS 15 — Revenue Automation White Paper Available
The new accounting standards demand stringent compliance, no matter if you are a public entity or a private company. Our detailed revenue automation white paper, Essential Contract Revenue Knowledge on ASC 606 & IFRS 15 for Microsoft Dynamics 365 / Dynamics AX, goes in-depth with topics about managing revenue and contracts.
The primary impact of the new standard is related to the timing, manner and value of revenue recognition. These changes have been made in order to improve the efficiency and streamlining of the standard.
Contact Us to Learn More
For your copy of our white paper, Essential Contract Revenue Knowledge on ASC 606 & IFRS 15 for Microsoft Dynamics 365 / Dynamics AX, submit your request at the end of the article here or by emailing firstname.lastname@example.org.
Keep updated with the new accounting standards by contacting us here. Learn more from our informational webinar about Revenue Automation for Dynamics 365 / Dynamics AX, presented by revenue automation experts Patrick Sheehan and Scott Caudle.