Intacct® Contract Management and Revenue Recognition

Revenue management is complex. Constantly evolving revenue recognition guidelines make compliance difficult, and getting complete visibility into your revenue, pipeline and contract renewals often involves painfully complicated spreadsheets and manual processes. Intacct can help. Intacct Contract and Revenue Management automates deferred revenue and revenue recognition, supports current and future revenue recognition rules and accurately forecasts future deferred and renewal revenue.

Benefits:

Gain real-time visibility into deferred and recognized revenue with instant access to reliable, accurate business forecasts and reports.

Comply with evolving standards and regulations like SEC, FASB and Sarbanes-Oxley accounting guidelines.

Flexible revenue recognition templates make it easy to set up default revenue recognition rules for different products and services that automate the allocation of revenue using appropriate allocation methods.

Easily manage the most complex product and pricing models including software licenses, recurring subscriptions, maintenance agreements, bundled items, and complex discount arrangements.

Support for objective and reliable evidence of fair value, including Vendor Specific Objective
Evidence (VSOE), helps you ensure accurate revenue recognition calculations down to the line item level.

Easily respond to subsequent modifications with the ability to pause, resume, modify and cancel revenue recognition schedules that are already in progress.

Establish flexible billing schedules that are decoupled from revenue recognition rules, allowing your company to bill according to specific customer requirements while still complying with revenue recognition guidelines.

Maximize contract renewal revenue by proactively and automatically scheduling and managing renewal activities, reducing revenue leakage and improving pipeline visibility.