Data Sheets

Contract Revenue Management

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2 Contract Revenue Management See dual treatment of transactions by old and new rules. Key Features Revenue Management Automatic revenue reallocation Add updates to a contract and let the system handle reallocation of revenue automatically—even into closed periods. Template-based revenue recognition Set-up straight-line and usage-based revenue recognition schedules, independent of billing. Usage-based revenue recognition Recognize revenue according to your customers' usage. Allocate by new rules Comply with the latest revenue recognition guidelines to allocate revenue, recognize revenue across multi-element arrangements, and incorporate order changes into a single contract. Revenue detail access See revenue details right in the contract, giving you quick access in one location. Key Features Expense Management Expense detail access See expense amortization at the contract or contract line level, giving you quick access to both recognized and yet-to-be recognized expenses. Automatic expense amortization Change contracts confidently, knowing that the system updates expense amortization automatically. Expense term templates Create expense amortization templates that are the same as or different from the revenue term. Both Old and New Methods Dual treatment Get instant views of changes between the two recognition methods—ASC 605 and 606—at the time of transactions with dual book entry.

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