Automated Revenue Management – What, Why, and How?

Working manually on large volumes of data to make accurate revenue forecasts? Crunching numbers from numerous spreadsheets for monthly, quarterly, and yearly projections? Not anymore! Simplify your…

Why will automated revenue management rule 2021 and beyond?

Introduction  Among the diverse challenges finance teams are facing today, many CFOs, controllers and revenue teams are feeling intimidated by the lack of revenue management skills. While…

Revenue Disclosures under ASC 606 and Ayara

We begin by understanding ASC 606. The financial accounting board issued Accounting Standards Codification(ASC) 606 that impacts all businesses that enter into contracts to transfer goods and…

Be clear about “R” of Revenue Recognition

Let us start with understanding what is revenue recognition in simple terms.  It is a generally accepted accounting principle of contract sharing details on how and when…

Revenue Accounting: How It Can Impact You

Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions in which revenue is recognized. Typically, revenue is recognized at the end of…

Revenue Intelligence for Quote to Cash (QTC)

Forecasting accurate revenue is a key capability that companies want from their QTC investment. In majority implementations of QTC, customers forecast revenue from opportunities in pipeline and…

Revenue from contracts with customers (ASC 606 / IFRS 15) – Why the new revenue standard?

From January 2018, companies in the US have to report their revenue according to the new Accounting Standards Codification (ASC) 606. The new standard is the joint…

How to determine variable consideration (Rebates) for ASC 606

Rebates are the incentives given to customers to buy or consume more goods and services that will meet the rebate criteria and earn the rebate amount. Typically…

6 Key Considerations for ASC 606

ASC606 has many provisions for revenue recognition, but here are the 6 key considerations that will impact the majority of the companies implementing the standard. The considerations…