Sage Intacct Revenue Recognition
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Automate your revenue recognition with Sage Intacct Revenue Management
Sage Intacct revenue management gets your revenue recognition out of spreadsheets and into your accounting system where it should be. Excel spreadsheets are useful for managing many things but they aren't ideal for managing revenue recognition. Having to remember to add lines each time you generate an invoice, spending hours reconciling your monthly journal postings and of course maintaining the history for audit purposes are all hassles you don’t need.
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Mastering Revenue Management
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How can Sage Intacct automate your revenue recognition?
Set start, end dates and select revenue recognition templates on an individual invoice line level or automatically pull from the product
Build your own revenue recognition templates with your organisation's preferred settings
Automatically calculate days in a period and pro-rata recognition postings if you wish or split evenly across periods
Manage event or delivery based recognition with the ability to mark items as delivered and automate the postings based on the delivery date
Schedule revenue recognition journals to run automatically or review before postings
Get full drill-ability from both sides, see the revenue recognition schedule from the original posting and work back from the journal to the originating transaction
Generate forecasts and reports that allow you to view your anticipated revenue postings both at a summary and a detailed level
Sage Intacct can help you get you out of spreadsheets and into a system that gives you real-time visibility and true auditability
Sage Intacct revenue management takes the admin hassles away from managing these processes so you have more time to focus on the things that matter, giving you absolute confidence in the numbers that you produce and ensuring compliance with both IFRS15 and ASC 606. For those managing recurring invoices, the revenue management module also gives you the ability to streamline the renewal process with an internal alert to let the salesperson know its due to renew, the ability to create a new transaction and if integrated with Salesforce, to generate a new opportunity on renewal.
Sage Intacct helped Code42 achieve £100,000 worth of time savings in accounting and the new efficiencies and insights have supported 4x revenue growth:
"We have a streamlined process for revenue recognition with Sage Intacct, and can create revenue schedules by customer revenue, geographic location and other dimensions, which wasn’t possible before. Eliminating all the manual work around rev rec has provided more time for the team to focus on analytics."
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If you have any questions about Sage Intacct, would like to organise a personalised demo or if you would like to talk about how much Sage Intacct costs, fill out the form below and a Sage Intacct specialist will give you a call back at a time that suits you.
Why choose itas as your Sage Intacct partner?
At itas, we believe in working in partnership with you to deliver the perfect solution that you want and need for your business. As a multi-award winning Sage Partner, our approach is to help you maximise technology to transform the way you work.
The change to any new platform is a journey, and we will be on that journey with you, every step of the way.
