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Intacct Contract and Revenue Management
The first automated solution for ASC 606 and IFRS 15
Finance teams are bracing for ASC 606 and IFRS 15, which require sweeping changes to the accounting treatment of revenues and expenses. Countless headaches lurk for subscription-based companies—from understanding the impact on existing contracts to reallocating revenues when customers renew, upgrade, or add-on to subscriptions.
Intacct 2016 Release 2 delivers Contract and Revenue Management, the first automated solution that comprehensively addresses the new complexities of ASC 606 and IFRS 15. (For details on other new features, sign in to view the Release Notes.)
Are you ready for ASC 606 and IFRS 15?
Register for "The New Rules for Contract and Revenue Management" webinar series.
Get audit-ready—with an automated solution
As you prepare to tackle the most sweeping accounting change in decades, Intacct Contract and Revenue Management provides an automated way to address these new rules for revenue reallocation and expense amortization. When you change a contract, Intacct automatically triggers revenue reallocation across a variety of recognition schedules. And your expense term templates can be the same as or different from the revenue term.
Get continuous insights—for a predictable financial future
Intacct Contract and Revenue Management includes automated dual-reporting with side-by-side results based on current and new guidelines, so you can spot the impact of the rule changes on your bottom line. Built-in forecast reports show you expected revenues, expenses, billed and unbilled revenues, and cash, based on both current and new guidelines.
You also get faster and more accurate board-ready SaaS metrics, such as churn, customer lifetime value, committed monthly recurring revenue, and customer acquisition costs.
Get out-of-the-box functionality—comprehensive automation through simple configuration
With Intacct Contract and Revenue Management, you can automatically handle your ASC 606 and IFRS 15 requirements and see your subscription business from numerous angles using simple configurations that you choose yourself. And you even have the option to capture and edit contracts natively in Salesforce. That’s complete, automated compliance without the external spreadsheets, IT consultants, costs, and headaches.
- Intacct Contract and Revenue Management automates the complex process of complying with ASC 606 and IFRS 15—the most sweeping accounting changes in decades. Get ready for the new mandates with a structured, automated solution
- Built-in dual-reporting and forecasting let you see the impact of the rule changes and accurately predict metrics such as cash, billing, churn, customer lifetime value, and more
- Out-of-the-box functionality means you can use simple configuration choices to manage ASC 606 and IFRS 15 compliance, and avoid depending on scarce IT resources