New Revenue Recognition standards, ASC 606 and IFRS 15, are mandated to take effect in January 2018, which is now less than three months away.
Companies that are serious about achieving compliance should already be actively immersed in the data migration process. Unfortunately, many companies are struggling with how to go about this key factor for success.
Data Migration is essentially the process involved with copying an organization’s key data from one device to another device ideally without disturbing or deactivating live applications.
As an industry leader in implementation of the new RevRec standards, with extensive experience in change management, Bramasol has developed a proven, structured methodology for Data Migration, which was detailed in our recent webinar on September 28, 2017.