Aptitude Revenue Recognition Engine

Industry leading revenue recognition accounting software

The high performance Aptitude Revenue Recognition Engine is empowering leading telecoms providers around the world to address the depth of change, risks and costs associated with the IFRS 15 & ASC 606 revenue standard

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Revenue Recognition Software

Aptitude Software provides the route to full compliance with IFRS 15 / ASC 606 standard revenue requirements. The Revenue Recognition Engine offers a full range of out of the box functionality, from data preparation to controlling accounting rules, connecting accounting outputs and existing finance systems. This approach enables customers to implement a fit for purpose IFRS 15 solution, addressing the 5 step process outlined in the global revenue standard.

The Aptitude Revenue Recognition Engine is currently being deployed in large telecoms companies across North America and Europe as companies face the complexity involved in compliance.

Revenue Recognition Engine details

The Aptitude Revenue Recognition Engine empowers users to control recognition rules, manage contracts, prepare source data and integrate with finance infrastructure.

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Revenue Recognition Engine detailsCalculate adjustments or implement additional components that automate data collection and finance operations processes.

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Revenue Recognition Engine detailsThe Revenue Recognition Engine has been proven to support more than 250 scenarios for global telecom providers.

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Benefits of the Revenue Recognition Engine:

  • Faster IFRS 15 compliance with a proven & packaged product
  • Streamline financial data management processes with a data preparation layer
  • Gain control over revenue recognition rules with intuitive business user interfaces
  • Agility to address future statutory reporting requirements and to address new business models
  • Rapidly process massive transaction volumes
  • Unlock business insights from transactional data with the repository of granular, finance-accurate data
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At a glance

  • Supports the IFRS 15 5-step process
  • Rules-driven data preparation layer
  • Model contracts and performance obligations
  • Calculate and allocate fair value pricing
  • Contract, portfolio & hybrid methods supported
  • Generates journal entries or delta outputs
  • Integrates with existing finance infrastructure

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Supporting Documents

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