What to look for in a tech solution for revenue recognition

In my last post, I discussed many of the key challenges in accounting for revenue under ASC 606. I also proposed the idea that an automated revenue recognition solution may be warranted for your organization, depending on the volume and complexity of your contracts with customers. Here's what you should be looking for.
man holding money with growth
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John Hoebler is a strategic adviser to CIOs and CFOs at both large enterprises and growing companies. He helps companies use technology to meet their business goals through streamlined finance and accounting systems, human resources systems and supply chain systems. He plays a cornerstone role on his projects by setting the scope, defining the vision, implementing the plan and leading the team -- all while working with executives to align the project to the overall business strategies and goals.

John's expertise spans traditional on-premises applications and cloud-based software-as-a-service (SaaS) applications. A recognized industry leader, he is regularly called upon to speak at industry conferences and he has won multiple awards from the user community. He also frequently contributes to trade magazines on ERP-related topics.

John leads the technology solutions practice at CrossCountry Consulting. You can view additional posts from John on this blog and on CrossCountry's Insights blog.

The opinions expressed in this blog are those of John Hoebler and do not necessarily represent those of IDG Communications Inc. or its parent, subsidiary or affiliated companies.