In this series on the decision making around supporting ASC 606 with revenue recognition automation software, the project manager assesses the last identified issue. The sixth issue faced at this growing company was being able to address the...
Life after ASC 606/IFRS 15 implementation
The new revenue recognition standards (ASC 606/IFRS15) are pretty massive global accounting changes requiring significant resources to simply check the compliance box. No matter how you approached ASC 606...
Part three: HMH realizes the benefits of Aptitude RevStream.
At Aptitude RevStream’s annual user conference – RevConnect 2017 – Aptitude RevStream customer Andy Nickerson, Finance Manager at Houghton Mifflin Harcourt (HMH), discussed his finance...
Part Two: Selecting a vendor and scoping the project
Part One: Assessing the business model challenges of ASC 606
At Aptitude RevStream's annual user conference - RevConnect 2017 - Aptitude RevStream customer Andy Nickerson, Finance Manager at Houghton Mifflin Harcourt (HMH), discussed his finance...
In this series on the decision making around supporting ASC 606 with revenue recognition automation software, the project manager assesses the second identified issue, the growing complexity of contracts. Whilst looking at automation as one...
Private companies may be under the belief that because their revenue recognition seems straightforward, ASC 606 does not impact them materially. This was certainly the way 24 Hour Fitness thought of revenue recognition compliance. “My initial...
The first issue our Project Manager faced at this growing company was around their manual high touch environment. Under ASC 605 this was manageable, but the complexity of high value, long term contracts coupled with anticipated company growth,...
