Managing finances and staying compliant with ever-changing ASC 606 regulations can be overwhelming, especially during business volatility. Accurate revenue recognition is essential to safeguard your business and ensure financial security.
NetSuite’s Advanced Revenue Management (ARM) module streamlines compliance and revenue recognition, allowing you to:
- Recognize revenue at fixed or variable intervals effortlessly.
- Adapt to ASC 606 requirements with ease.
- Ensure fair pricing and accurate accounting.
With NetSuite ARM, you can implement a robust revenue recognition strategy that supports growth while staying compliant—all at the click of a button.
NetSuite’s Advanced Revenue Management (ARM) module streamlines revenue adjustments, compliance, and forecasting with ease:
- Automate Revenue Adjustments: Handle mid-process changes effortlessly, reducing human error and improving accuracy.
- Access User Information Seamlessly: Apply custom business rules to simplify access and updates, ensuring smooth transitions and knowledge retention.
- Merge Revenue Arrangements: View all agreements and changes on a single, customizable dashboard for better control and efficiency.
- Accurate Forecasting: Manage multielement arrangements and customer exceptions with automation, aligning with ASC 606 guidelines.