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.
The Aptitude Revenue Recognition Engine empowers users to control recognition rules, manage contracts, prepare source data and integrate with finance infrastructure.
Calculate adjustments or implement additional components that automate data collection and finance operations processes.
The Revenue Recognition Engine has been proven to support more than 250 scenarios for global telecom providers.
See for yourself the first proven product on the market.
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
Find out for yourself.