Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

June 1, 2016

Announcing Intacct Revenue Recognition Module for ASC 606 and IFRS 15

Posted by Armanino Financial Advisory Team

Intacct Revenue Recognition ModuleIntacct Revenue Recognition Featured in Accounting Today – Announces New Module for ASC 606 and IFRS 15 Guidelines

Intacct has been featured in Accounting Today for its new Cloud ERP automated solution, Intacct Contract and Revenue Management. This new module helps companies navigate complexities around the upcoming ASC 606 and IFRS 15 revenue recognition guidelines.

In a recent survey of 320 finance executives at mid-sized companies, Intacct found that “less than 10 percent of respondents had started to take steps to address the new standards and 47 percent said implementing the new requirements into their financial system or revenue recognition spreadsheets would be their biggest challenge in the process.”

As Intacct’s VAR Partner of the Year, Armanino has in-house audit and technical accounting experts who are up to speed on the new revenue recognition changes that this new Cloud ERP module addresses.

Designed to make companies audit-ready while delivering continuous insights, Intacct Contract and Revenue Management enables finance teams to:

  • Automate complex processes for addressing all new rules for revenue reallocation and expense amortization
  • Disclose the impact of changes with automated dual treatment at the transaction level
  • Transition to the new rules with automated dual reporting
  • See the impact of the new rules on the company’s future results with revenue and expense forecast based on both current and new guidelines
  • Automate complex subscription billing, including usage-based billing, with full integration to revenue recognition
  • Track according to a business’s operational model using instant insights into SaaS metrics

Interested in learning more about Armanino’s Cloud ERP solutions and the Intacct revenue recognition module? Contact us today.

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