Laying the Foundation for Automating Revenue Accounting

Sponsored By BearingPoint

Topics:

Accounting > Revenue Management

Compliance & Governance

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Abstract:

Automating the revenue recognition processes provides tangible improvements to a company's operations and finances of the company. By eliminating the bulk of manual revenue accounting processes, companies experience greater efficiencies, acceleration of close processes and reduced cost of finance. With better insight into backlog, companies can make better performance management decisions and improve resource alignment in the operations and delivery centers. Automation also may help with collaborative product marketing and customer management, with a focus on streamlining operations and managing change. It also aligns earned revenue recognition processes with accounting requirements, providing improved controls and compliance — and lowered risk. This white paper from BearingPoint and Softrax addresses ways companies can approach automating their revenue accounting function and the benefits.

DETAILS

Sponsored by: BearingPoint

Released: November 20, 2008

Length: 12 pages

Format: PDF (877 kb)

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