ASC-606 is a definite push to become the norm for all companies in the coming years and seems to be similar to the SOX compliance initiative run in early 2000. All companies must comply by 2019!
Build the right roadmap relevant for your business
Our assessment will create a roadmap for migrating your revenue recognition processes and reports to a solution that will address all ASC-606 requirements. You will understand the recommended sequence, risks and benefits and its impact on people, data needs and processes.
Data Migration and Integration
Jade Global will help you understand data migration planning and key integration considerations related to your specific revenue reporting needs and business cycles. We'll help you understand the route to automate/ease the process to enable seamless connectivity to your operational systems.
Jade Global has strong revenue management along with ERP and HCM expertise and will you understand, recommend and implement right solution. With our cross-ISV and cross-functional capabilities we will provide end to end services to implementation followed by managed services to support
Advantages of Oracle Revenue Management Solution
- Gain real-time access to live revenue data – revenue waterfall
- Proactively resolve issues to expedite automated processing
- Control costs and increase visibility into revenue rules and policies
- Reduce transaction processing costs and reporting errors
- Comply with global accounting standards and multiple legislative, industry needs
Given the to drive towards a compliance need to be addressing and inheriting the requirements for ASC-606, the applications and support to the enable this is an imperative strategy to move to a supported automation platform. With the need to gather data from various source systems and the need to keep them stable and ongoing it is easy to hone in on the solutions available – RevPro, Oracle Revenue Management Cloud Service (RMCS) and Netsuite’s ARM. There are a few other solutions in the market but the ones above are the leaders and many organizations are using these products.
All of these solutions are available exclusively in the Cloud (or on-prem if required), though the push is to move to the Cloud eventually. These solutions have the capacity and are designed to consume data from various sources and push data out to financial systems after applying your revenue rules and policies in a systematic manner.
Jade with its experience with multiple revenue recognition projects even before the onset of the new ASC-606 requirement has the experience and expertise to drive your requirements and build a design within these products to provide you the revenue recognition rules engine to address your business needs.
With the breadth and depth of Jade Global’s Oracle experience coupled with its focus on business process along with the integration practice, we can provide you the tools and support to get the most from your transformation to the new rules.
Our assessment will look at your business applications and technology with focus on building a comprehensive and end to end roadmap. With a focus on business process and streamlining your work flow the transition will be smooth and supportive of your outcome. We also have tools and work products that help manage data inconsistencies within your source systems that will help provide the data needed to ensure the revenue recognition rules/engine can perform to its best capabilities.
Assessments are executed by our senior application with process expertise and solution architects with several years of experience working in similar situations.
Oracle Platinum Partner, Certified Oracle Cloud Select Partner and Oracle, Go To Partner with Zuora and Netsuite capabilities as well
Cloud Excellence Implementer (CEI) certified.
Over a dozen ASC-606 implementations and with Zuora’s product and Netsuite ARM.
Jade Global tested solutions and automation tools and offerings
Jade Integrator – built and honed over our more than a dozen implementations.
Jade Implementation Methodology.
Why should you choose Jade Global?
Make a strong business case understanding the benefits, risks and ROI for migration to the new compliance initiative.
Get a tailored roadmap for your organization!
Align your RevRec Roadmap with business objectives.
Understand change management and operational readiness effort requirements.