How to Manage the Contract Renewal Process
Accurately tracking the revenue stream throughout the contract renewal process is a prominent struggle for companies large and small. Without easy access to the appropriate data to understand new revenue, churn, and total renewal revenue, the contract renewal management process carries the potential for financial, security, and legal risks.
ASC 606 Solutions for the Professional Service Industry
ASC Topic 606, Revenue from Contracts with Customers, adds a new series of hurdles for businesses with the new five-step framework to the revenue recognition process. With the expansive challenges to financial reporting and internal control systems the new standard poses, companies need to consider the best revenue recognition solution for them with capabilities to […]
The Impacts of Continuous Accounting and How to Support It
This blog post is part two of the two-part blog series “The Future of Finance.” The goal of achieving a more strategic finance and accounting function in a corporation has led to the rise of Continuous Accounting. Catch up with part-one of this two-part blog series. The webinar, “The Future of Finance,” held on November 18th, […]
What Is Continuous Accounting and What Are the Benefits?
Continuous accounting is a key factor to achieving a more strategic finance and accounting function in a corporation. And yet, many accounting organizations have fallen back and are reporting an increased use of spreadsheets.