Armanino’s Revenue Recognition Management

Companies selling bundled products such as hardware, software, services, prepaid support tickets, warranties and maintenance agreements must be able to break out these multi-element orders to recognize revenue based on company and industry guidelines such as vendor specific objective evidence (VSOE) to comply with US GAAP.

With Revenue Recognition Management, companies can: increase productivity through process automation, scalability and standardization; achieve accurate and timely revenue recognition and financial reporting; reduce risks associated with a reliance on spreadsheets and manual processes; and gain accuracy and visibility into revenue forecasts

Supported features of Armanino's Revenue Recognition Management solution include:

• Multi-element and multi-deliverable arrangements
• Maintaining List Price, VSOE Price & Deal Price
• VSOE Carve-outs and Price Management
• Deferred Revenue Management
• Revenue Recognition Schedules
• Subscriptions & Renewals
• Supports Product Bundles/Kits
• Daily prorated contracts to coincide with monthly recognition schedules
• Revenue forecasting & reporting
• Multi-order Reallocations

TESTING DESCRIPTION