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Online Finance Software
The revenue management challenge
With its combination of loosely defined regulations, evolving standards—such as the new revenue recognition rules under Accounting Standards Codification (ASC) 606, and stiff penalties for noncompliance, revenue management creates unacceptable levels of complexity and variability that often overmatch the resources and expertise of many finance teams.
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Faced with these hurdles, companies are looking to online finance software to automate revenue management processes to gain efficiency, strengthen compliance, and improve visibility. A two-pronged strategy for successfully streamlining revenue management starts with processes designed from the top down, based on input from multiple stakeholders and functions. The other key is the ability to deploy online finance software that further streamlines, centralizes, and automates the revenue management process.
Sage Intacct Contract Revenue Management is the online finance software that automates and optimizes the financial processes associated with complex revenue recognition. Sage Intacct’s cloud-based technology allows your finance team to connect systems, automate processes, and analyze the business. This solution frees your staff from the intricacies and headaches of managing revenue with manual processes and complicated spreadsheets, while keeping current with the latest accounting standards and providing greater insight into the health of your business.
Want to learn more about Sage Intacct online finance software for smarter revenue management? Contact us today!