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RevRec Hot-Tip: If you plan to run parallel for six months, you've got Less Than a Year to Be Ready!

Tue, Jul 5, 2016 @ 09:00 AM / by Bramasol RevRec Team

RevRecReady-HotTip.jpgThe January 1, 2018 deadline is fast approaching and more and more companies are looking at their plan for implementing the new standards (ASC 606 and IFRS 15).

But, since a prudent approach for most companies also includes running parallel financial processes for two fiscal quarters, the time left to get ready is not actually 18 months - it is really now less than a year!

Those companies that are on a path to be #revrecready already should have formed their core teams, assessed their data, and started a Proof of Concept to model the changes.  

Is your company on the path to #revrecready success or falling behind the curve?

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Topics: revenue recognition, revrec hot-tips

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