FinancialForce, the number one customer-centric cloud ERP vendor, today announced the industry’s first complete ASC606 solution for any revenue model through its Financial Management solution. Unveiled at Dreamforce, this solution combines the power of FinancialForce’s financial applications including revenue recognition, with Salesforce CPQ to help companies address the complete opportunity to revenue process and align with the new reporting standards.
FinancialForce’s Financial Management solution enables CFOs and financial professionals to respond to the changing business environment. It allows finance teams to incorporate new and flexible billing models emerging in the services economy that can involve complex revenue recognition reporting, beyond the scope of manual processes. Combining this with the power of Salesforce CPQ delivers the highest levels of visibility and predictability across the entire opportunity to revenue lifecycle – from configure, price and quote (CPQ) through to revenue recognition reporting, streamlining compliance with the new ASC 606 and IFRS 15 standards.