Retail IFRS 15 App
by Bluefort
Incentive program and IFRS 15 compliance wins for retailers with the Retail IFRS15 App
Master IFRS 15 Compliance in Microsoft Dynamics 365 Commerce
The Retail IFRS 15 App (RIA) is the smart and elegant way to recognise revenue for your retail incentive programs in Dynamics 365 Commerce and boost customer loyalty integration with Finance.
As retailers continue to enhance consumer experience with incentive programs to build long-lasting relationships, the associated administrative tasks are negatively impacting the objective. Incorrectly calculated revenue relating to incentive programs and human error from manual intervention affects IFRS 15 compliance and related VAT/Sales Tax reporting. RIA offers a simplified approach to complex problems within the familiarity of Dynamics 365. Supported by robust capabilities for calculating your incentive performance obligations, RIA delivers a convenient and functionally rich solution for streamlined revenue recognition and regulatory compliance.
Automate the IFRS 15 heavy lifting with RIA
RIA offers a simplified approach to complex problems within the familiarity of Dynamics 365. Supported by robust capabilities for calculating your incentive performance obligations, RIA delivers a convenient and functionally rich solution for streamlined revenue recognition and regulatory compliance.
Features and benefits
Centralise: Automated calculation of transaction prices to performance obligation in relation to stand-alone selling price per Item will help your finance team to quickly understand the loyalty obligations and account for the totals with confidence
Intelligent: Appropriate recognition of revenue and liability for the calculation of franchise fees supporting your retail business with strong insights into revenue recognition for your business and your franchisees
Automate: Effective calculation of revenue and contract liability with appropriate adjustment upon redemption, ensuring your loyalty program financial impacts are compliant and in control