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.