by Simplus team | Mar 28, 2018 | Admin, Advisory Services, Latest News, Salesforce CPQ
In most businesses, the hard work of contracting is left up to legal counsel. An attorney is tasked with reviewing and drafting sales contracts, often with no consideration as to how the accounting department is going to recognize this revenue from these contracts....
by Simplus team | Mar 21, 2018 | Admin, Change Management, Implementation Services, Latest News, Salesforce CPQ
Under a new revenue recognition standard known as ASC 606, businesses will be required to recognize revenue at precisely the time that goods and services are delivered to the customer, and the revenue will need to accurately reflect the consideration to which the...
by Simplus team | Mar 15, 2018 | Admin, Change Management, Implementation Services, Latest News, Salesforce CPQ
Revenue recognition has traditionally not been a collaborative effort. In most organizations, the sales team works independently to generate contracts, and then the finance and/or accounting department comes in at the back end to recognize revenue from those...
by Simplus team | Mar 8, 2018 | Admin, Change Management, Latest News, Salesforce CPQ
By the end of the year, a new revenue recognition standard known as ASC 606 will start to be phased in, and it’s going to fundamentally alter how businesses report their revenue. Revenue will be recognized at precisely the time that goods and services are delivered to...
by Simplus team | Mar 1, 2018 | Admin, Custom Configuration, Implementation Services, Latest News, Salesforce CPQ, Technology
In recent months, companies have been gearing up for a fundamental change in how they account for revenue: The new revenue recognition standard is known as ASC 606 in the United States, or IFRS 15 elsewhere around the world. Companies across all industries have been...
