The new Revenue Recognition standards (ASC 606 and IFRS 15) are mandated for implementation by January 1, 2018. Yes, that is less than three months from now!
Time is rapidly running out an the clock not your friend!
Companies that haven't already started projects are now dangerously behind. In fact, it's way too late to start a custom revenue recognition solution from scratch.
If you're all set and fully #RevRecReady - Congratulations!
If not, here are some resources that can help:
- RevRec Webinars (nearly two years of monthly webinars addressing many RevRec topics)
- RevRec eBooks (detailed exploration of various RevRec implementation issues)
- RevRecReady LinkedIn Group (share ideas and learn from peers)
- SAP RAR (If you use SAP ERP, you probably already own this industry-leading RevRec application)
- Performance Obligations (Learn about this key concept in the new RevRec 5-step Model)
- Bramasol's RevRec web info
If you need personalized help or just want to bounce some questions off an expert, contact us.