Revenue Recognition Management
Recognize Revenue with Ease
Apttus Revenue Recognition Management helps you generate complex revenue schedules for any combination of products, services and subscriptions before posting final transactions to your General Ledger. Revenue is the most important measure of how your company is performing but complex contracts and flexible purchasing options can make managing revenue very challenging. Apttus’ Revenue Recognition Management takes into account the structure of each sale, contract term, bill, and fulfillment status for each deal, to accurately report revenue to your investors, executives, and board members.
Apttus Revenue Recognition is built on the same data model as Apttus’ other solutions including Apttus Configure Price Quote (CPQ), Contract Lifecycle Management (CLM), Billing Management, Order Management and Renewals. This allows data from one interaction with a customer to be immediately available in other interactions, regardless of channel, resulting in a comprehensive revenue view of the customer, actionable in real-time. This means mid-cycle changes to contracts or assets automatically update provisioning/entitlements, invoice schedules, and revenue recognition schedules. This automates and eases compliance with regulations like ASC 606/ IFRS 15. As a result, departments across the enterprise are equally well-informed and have the commercial insights needed to drive revenue optimization. The full Apttus Quote-to-Cash platform brings transparency to the exchange of information with customers, which supports a better, more streamlined purchase experience.
Benefits of Revenue Recognition Management
Direct Integration with your Contracts and Orders
Create customer friendly quotes and contracts using Apttus Configure Price Quote (CPQ) and Contract Lifecycle Management (CLM), then leverage the same data model and information to automatically generate revenue schedules based on products, services, subscriptions and terms defined in your commitments and recognize revenue as goods are delivered or services rendered.
Visibility to Key Business Drivers
Gain granular data on how new orders, cancellations, and change orders are impacting your growth.
Greater Financial Insight
Generate revenue baselines and analyze projected revenue trends across products, regions and divisions and increase your real-time visibility and accuracy into your revenue forecast.
With enterprise-class audit and control you can track changes and remove error-prone, difficult to edit, manual work.
Utilize Apttus to ensure financial data is compliant with GAAP requirements, including ASC 606/IFRS 15.
Financial Data Security
Leverage your CRM infrastructure and Apttus own SOC 1 Type 2 Certification to keep financial data safe.