Leveraging Oracle RMCS to Meet ASC 606/IFRS 15 Requirements
Industry:
IT Services
Region:
USA
Technology:
Oracle
About Oracle RMCS
Oracle RMCS helps organizations in automating the identification and creation of customer contracts and performance obligations, their valuations, and accounting entries through a configurable framework.
The Solution
- Support for “point in time” and “overtime” revenue recognition.
- Exception transactions review and action by revenue managers.
The Benefit
- Pre-built integration for Oracle Fusion Cloud and Oracle E-business suite.
- Automatic revenue allocation/recognition across performance obligations within each contract.