Microsoft Dynamics Solution

Revenue Recognition Management for Dynamics 365

Streamline accounting processes & manage complex revenue recognition, deferrals & reallocation with a fully integrated solution that ends reliance on spreadsheets.
Technologies
Rev Rec Management for Dynamics 365
Product Solutions
Now Included in Latest D365 Solution from Microsoft
Armanino’s Revenue Recognition Management for Dynamics 365 (it also works with prior versions of Microsoft Dynamics AX) was built for the unique needs of companies that sell multi-element arrangements, including hardware and software, services, prepaid support tickets, and warranties or maintenance agreements.

Functionality

Benefits & Features

The solution improves revenue visibility, reduces your compliance risks, and eliminates the challenges of complying with revenue recognition guidelines such as ASC 606.

Revenue Recognition for Microsoft Dynamics ERP

Benefits

  • Increase productivity through process automation, scalability and standardization
  • Reduce the risks associated with spreadsheets and manual processes
  • Ensure timely revenue recognition and a faster close process
  • Gain accuracy and visibility into revenue forecasts, revenue recognition and financial reporting
  • Benefit from a rapid deployment of best-in-class ERP functionality in Dynamics 365 and AX
  • Integrate best practice revenue management intelligence into ERP 
Features
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Determine the estimated selling price
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Identify essential vs. non-essential elements
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Revenue carve outs and reallocation
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Revenue deferral
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Timing and amount recognition
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Revenue amortization schedules

It simplifies the order entry process by allowing customer service representatives to enter, confirm, pick, pack, ship and invoice orders per their natural workflows, without requiring them to be revenue experts. The solution supports the utilization of sale pricing, discounts, trade agreements and promotions native to Dynamics, as well as importing orders and pricing from CRM.

Keeping all revenue recognition deferrals and recognition schedules in a tightly controlled, well-structured Dynamics database complies with revenue management best practices and will provide auditors with the confidence that you have established adequate controls over your revenue management policies and procedures. Armanino’s Revenue Management module was developed under best practice guidelines, and is now included as part of the Microsoft Dynamics 365 Finance & Operations environment.


Microsoft Dynamics 365 - Revenue Recognition Example
Revenue Recognition Screenshot
Microsoft Dynamics 365 - Revenue Recognition Deferred Revenue Example
Deferred Revenue Screenshot
Microsoft Dynamics 365 - Revenue Recognition Revenue Reallocation Example
Revenue Reallocation Screenshot
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