Increase Accuracy & Shorten Close Cycle
Automating revenue streams saves hours of painstaking calculations, accelerates your close and reporting, and improves accuracy and compliance. Companies that automate revenue recognition can scale their compliance with ASC 606. During conversion to the new revenue standards, Sage Intacct also provides for dual book reporting. Sage Intacct can track both revenue under ASC 605 and 606 simultaneously so your organization would not need to maintain separate out of system spreadsheets which can lead to hours of additional reconciliations.
Companies that automate revenue recognition, can:
- Reduce their close period by 30-75%
- Grow up to 400% without additional finance headcount
- Achieve less than 10% variation in revenue forecast to increase valuation in fundraising
Sage Intacct’s Core Functions/Financials
Sage Intacct’s core functions help streamline and automate manual processes and give you real-time financial visibility. Learn more about Accounts Payable, Account Receivable, Cash Management, General Ledger, Order Management, and Purchasing.