Data Sheets

Contract Onboarding for Revenue Management and Billing


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1 7pt Centred Running Footer Text Here – Title determines Length Save weeks on implementation To automate your revenue recognition, you must establish a solid accounting baseline to report, bill, and recognize revenue. Loading and managing performance obligations, especially those that are active, is complicated and prone to errors. Sage Intacct automates the rebuilding of historical activity into your subledger for retrospective reporting and insight. Balances are set to enable billing and revenue recognition going forward. Get retrospective reporting at go-live The new standard requires the use of either a full retrospective approach or a modified approach for historical records. Regardless of your transition approach, Sage Intacct's contract onboarding utility will establish the baseline you need. At go-live, you'll be able to compare your results to prior years across all financial reports, all while leveraging Sage Intacct's powerful reporting dimensions. Reduce implementation risk With automated contract onboarding built and tested by Sage Intacct, you reduce errors and implementation risk. Clients can preview and reconcile the subledger to ensure accuracy. If a mistake is found, it's easy to undo processed activity, fix the mistake, and automatically reprocess the data. Once you've processed, validated, and signed off on your contract balances, you can lock down your work to finalize all ASC 606 accounts and balances. Onboard acquisitions weeks faster The contract onboarding utility can be used to process contracts for acquired companies as well, saving weeks in the integration process for each acquisition. With access to user training on the utility, there's no need for you to reach back out to an implementation partner to onboard newly acquired companies as you grow and expand. Automating ASC 606 or IFRS-15 compliance is a complex process. Rebuilding contract activity under the new rules to satisfy retrospective reporting requirements is o en the most time-consuming part of the implementation. Unlike other solutions, Sage Intacct offers a contract onboarding utility that automatically builds your accounting baseline for historical and in-flight contracts, providing retrospective reporting at go-live in roughly half the time of a manual implementation. Innovation like this helps us maintain our #1 in Subscription Revenue Management and Subscription Billing placement on G2. D a t a s h e e t Revenue Management: Contract Onboarding Speed time-to-value and reduce implementation risk Sage Intacct - Copyright 2019

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