Manage complex multi-element contracts and subscriptions
DXC Revenue Recognition for Microsoft Dynamics provides integrated contract, revenue, and billing functionality to help manage “multi-element arrangements” that are common in high tech, professional services and other industries. Multi-element arrangements, or contracts for both products and services with different delivery and revenue recognition criteria, present multiple challenges for fast-moving organizations including:
- Delivering accurate revenue recognition with two sets of books available
- Meeting new FASB and IASB standards requirements (ASC 606 / IRFS 15)
- Allocating revenue based on stand-alone selling price
- Managing contract modifications including changes to renewals
- Supporting variable consideration, financing, and noncash transactions
- Increasing forecasting and planning accuracy
- Automating the management of complex multiple-element arrangements
- Optimizing renewal and cross-sell opportunities
Revenue Recognition is the only Microsoft Dynamics-based solution that integrates and automates end-to-end functions for multi-element arrangements, empowering them to increase efficiency and grow their business. As an option, the solution can be delivered in a private cloud that provides one unified solution and platform for fully-integrated closed loop revenue recognition and contract management.