
Intacct Contract and Revenue Management automates and optimizes the financial processes associated with complex contractual relationships. It frees your staff from managing revenue through complicated spreadsheets, which lead to inevitable errors, lost revenue and compliance risks.
With Intacct Contract and Revenue Management, you can maximize billing and collections, automate the management of deferred revenue and revenue recognition and optimize contract renewals. Intacct Contract and Revenue Management includes a wide variety of built in reports to help you forecast deferred and recognized revenue and ensure compliance with revenue recognition rules from the SEC, FASB and the Sarbanes Oxley Act.
- Centralize the management of complex contracts – Intacct Contract and Revenue Management eliminates the need for paper documents and maintains detailed electronic information about each customer's contracts within a centralized repository.
- Automate revenue deferral and revenue recognition – Setup revenue recognition rules for different types of products and services that will help you post revenue automatically, based on flexible revenue recognition schedules.
- Gain visibility into deferred and recognized revenue – Quickly and easily forecast deferred, recognized and renewal revenue so that you have instant access to reliable, accurate business forecasts.
- Comply with standards and regulations – Intacct Contract and Revenue Management aids compliance with AICPA's Statements of Position (SOP) 81-1, 97-2 and 98-9, SEC Staff Accounting Bulletins (SAB) 101 and 104, VSOE, and FASB's Emerging Issues Task Force (EITF) 00-21.
- Maximize renewal revenue – Streamline the contract renewal process and increase renewal revenue by automatically scheduling, managing and providing visibility into contract renewal activities. Automatically notify clients or salespeople in advance of renewal dates, decreasing days sales outstanding (DSO).
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