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Most revenue accountants and CEOs know they need to beef up their revenue recognition processes and tools, but it can be difficult to quantify the benefits that would result from a financial investment. The management of revenue accounting is a challenge for today and tomorrow. Guided by a series of loosely defined regulations ever-evolving and prone to interpretation, revenue management becomes a complex challenge for even the most seasoned financial organization. Enterprise resource planning (ERP) systems used to process orders and billing have been unable to advance with the necessary agility to handle the cyclical revenue processing within this structure. Instead, companies often must rely on people and spreadsheets to process their complex calculations and allocations. To combat this status quo, businesses are considering automation of these functions in order to increase efficiency, performance and visibility while reducing costs, effort and uncertainty.

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