The Ledger

Aptitude RevStream Case Studies

Posted by Meagan Mujushi

We often hear accounting and finance teams tell us that their company's revenue is unique, however, in our experience, most 'like' companies have similarities in 70 to 90% of their revenue treatments.

Prospective clients consistently tell us the...

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SOC 1, SOC 2, Type 1, Type 2. Which SOC Reports Matter to Revenue Recognition?

Posted by Meagan Mujushi

With recent hacking scandals and general concern around security of information, we discuss SOC reports at a basic level. For those who need a broad understanding of the importance of SOC reports to their business, service providers, and...

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Does Your Revenue Software Need a SOC 1 or SOC 2 Report?

Posted by Meagan Mujushi

How do you know what security controls and compliance features are essential, important, or perhaps unnecessary, when it comes to choosing your revenue recognition software service providers? SOC 1, SOC 2, SSAE 16, Type 1, Type 2, and soon SSAE...

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Inefficient financial planning and reporting

Posted by Meagan Mujushi

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...

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Audit risks and the need to control errors and build for compliance

Posted by Meagan Mujushi

In this series on the decision making around supporting ASC 606 with revenue recognition automation software, the project manager assesses the fourth and fifth identified issues. The team continued focus on being risk adverse and taking the...

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Heavy reliance from finance on IT for system configuration

Posted by Meagan Mujushi

In this series on the decision making around supporting ASC 606 with revenue recognition automation software, the project manager assesses the third identified issue, the revenue teams heavy reliance on IT. With a single person assigned to manage...

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Increasing contract complexity under ASC 606

Posted by Meagan Mujushi

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...

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Growing revenue stream pressures in a high touch environment

Posted by Meagan Mujushi

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,...

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Build vs Buy: Revenue Automation to Manage ASC 606

Posted by Meagan Mujushi

A closer look at revenue recognition automation for a public network technology company

Large enterprise companies often deal with high value contracts that span years at a time and contain complex performance obligations and bundling of...

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IFRS 15 – Value Beyond Compliance

Posted by Patrick Youngs

Some telecommunication providers have estimated that compliance with the new revenue recognition requirements might require tens to hundreds of millions of dollars in investment.

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Aptitude Software parent company, Microgen, named UK's top publicly quoted tech company by Megabuyte

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IFRS 17’s Contractual Service Margin – an actuarial or accounting issue?

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Our CEO shares his thoughts with Accounting Today

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Multinational companies could be heading for a 'leaseberg' of huge proportions

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