More and more customers are realizing that they do not have to work with interfaced, outside, non-integrated 3rd party revenue recognition software anymore. Instead they can implement and take advantage of SAP’s new Revenue Accounting and Reporting Solution, now that it has been officially released.
The new software is a module in ECC, and also works with the Business Suite on HANA. It is separate from SD, and allows information from outside systems to be processed. The approach SAP has taken is that sales and fulfillment operations should not have to be changed in order for a complete and correct revenue accounting treatment in line with the new Accounting Guidelines by the IFRS.
In those cases where extensive customizations were used for revenue recognition purposes, in SD or outside of it, the new module will lead to a simplified approach, as most, if not all, of these custom objects can be removed after the implementation of SAP Revenue Accounting and Reporting. Needless to say, given that it is “state-of-the-art” programming, it also ties in seamlessly with SAP’s approaches to parallel accounting.
