As companies today are shifting to new business revenue models like software subscriptions, professional services, and product/service bundling, many CFOs are reassessing their revenue management procedures to accurately track what can be recognized and when. In light of these changes, revenue recognition accounting regulations are becoming increasingly complex with severe penalties for noncompliance; as a result, good revenue management and technology practices are more imperative than ever.
Download this report by IMA® (Institute of Management Accountants) to discover how CFOs are driving growth through new billing/revenue models, why spreadsheets use is on the decline, and how purpose built revenue management/ERP systems can better serve the needs of accounting to track revenue recognition.
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