Solving for the intersection of revenue recognition and lease accounting
How Aptitude supports IFRS 15 / ASC 606 and IFRS 16 / ASC842 compliance
The combination of Aptitude RevStream (AREV) and the Aptitude Lease Accounting Engine (ALAE) allows organizations impacted by both regulations to automate compliance and account for the interplay between the standards.
From contract data ingestion to SSP automation and lease line classification, the solution automates accounting and reporting across a variety of complex use cases including bundled offerings, usage-based leases, and reagent rentals. Aptitude has the only integrated, globally mature solution for leasing and revenue recognition compliance requirements.
Aptitude RevStream (AREV) is a revenue management software solution. It is a secure, easily configurable platform to automate revenue recognition and strategically manage the end-to-end revenue lifecycle, providing value beyond compliance.
Aptitude’s Lease Accounting Engine (ALAE) is flexible, highly configurable, and integrates seamlessly with existing systems, finance workflows, and surrounding architecture. It handles a wide range of complex lease accounting scenarios for both lessees and lessors, providing consistent, consolidated reporting, full visibility, and control over lease accounting, for the entire lifecycle of leases.
Solving for the intersection of revenue recognition and lease accounting in the medical device industry
As standalone regulations, revenue recognition (IFRS 15 and ASC 606) and lease accounting (IFRS 16 and ASC 842) are each challenging in their own right. However, medical device manufacturers are in a somewhat unique position of needing to look at how these regulations intertwine and solving for them in parallel and where they intersect.
In this whitepaper, we discuss how Aptitude’s RevStream and Lease Accounting Engine integrate to meet the needs of medical device and medical technology organizations.
Welcome to the Aptitude client community,
Intersect ENT!
We are delighted to announce Intersect ENT, a global, publicly-traded, medical technology company, has selected an integrated solution comprised of the Aptitude Lease Accounting Engine (ALAE) and Aptitude RevStream (AREV) to address compliance automation challenges.