Revenue recognition software features

Achieve full IFRS 15 / ASC 606 compliance

Aptitude Software and the five-step process:

The Aptitude Revenue Recognition Engine provides a complete solution for compliance as well as the expertise to minimise the complexity of a wider project in data preparation and integration with existing systems. Below is a brief summary of the solution’s features and capabilities. For more detailed information please contact us or request a demo.

Revenue Recognition Engine Core Features

• Define, apply and control revenue recognition rules with intuitive business user interfaces
• Full suite of telecommunication products lifecycle and IFRS 15 accounting events available ‘out-of-the-box’
• Ability to combine accounting events to support contract components as material rights, terminations or others
• Support for accruals, deferrals and write-offs
• Users can control the specific posting pattern to ensure the correct journals are generated
• Process millions of calculations per hour, giving users visibility into impact of recognition policy and revenue forecasts
• Easily connect with existing finance infrastructure, including SAP & Oracle ERPs, general ledgers or accounting middle ware
• Output delta figures or debit/credits
• Rules-based integration layer enabling finance to control data collection and preparation
• Data model covering all revenue, cost and commissions data

Contract Management

• Support for contract-by-contract or portfolio/aggregation approaches
• Link disparate performance obligations to assemble whole single contracts
• Calculate stand-alone selling prices and integrate fair value data
• Transaction prices can be absolute amounts or parameter based such as customer usage