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Monday, May 2, 2016

Dynamics AX7 Revenue Recognition Solution Now Available!

Posted by Armanino Dynamics Team

Dynamics AX7 Revenue RecognitionThe Armanino Dynamics team is excited to announce the availability of the Microsoft Dynamics AX7 Revenue Recognition Management solution from Armanino. Designed to meet the unique needs of companies that sell multi-element arrangements (MEAs) that may include hardware, software, services, prepaid support tickets, and post contract support such as warranties or maintenance agreements. The new release is enhanced to support expanded GAAP and IFRS standard requirements.

Tom Mescall, Armanino consulting partner-in-charge, commented “This latest release of Armanino’s Revenue Recognition Solution was built with the upcoming ASC 606 and IFRS 15 revenue recognition standards in mind. With compliance requirements set for 2017-2018, it’s crucial for companies to begin the process of meeting standards today.  The Revenue Recognition Module eliminates the challenges faced by companies trying to comply with revenue recognition guidelines.”

Features of the solution enable businesses to:

  • Ensure timely revenue recognition and faster close process
  • Increase productivity through process automation, scalability and standardization
  • Reduce the risks associated with a reliance on spreadsheets and manual processes, and prevent account error and restatements
  • Gain accuracy and visibility into revenue forecasts, revenue recognition and financial reporting

Discover more about Armanino’s Dynamics AX7 Revenue Recognition Management solution to learn how it could benefit your business.

 

 

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