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INDUSTRY 101

ASC 606 Revenue Recognition Guidance

Ensure Compliance with ASC 606 Revenue Recognition Guidelines

Is your company grappling with the challenges posed by the new ASC 606 revenue recognition guidelines? Preparing for these new standards is no small feat, but maintaining compliance with the updated regulations is imperative! With Certinia solutions, bid farewell to your struggles and concerns.

Certinia facilitates a seamless transition for your company, keeping you effortlessly compliant with ASC 606. Now, you can divert your attention to other essential tasks while Certinia ensures your adherence to the new standards.

Revenue recognition continues to be a top company struggle.

Follow this 8-step revenue recognition checklist to make compliance a fluid, turnkey process.
A project manager optimizes resource planning and project profitability with Certinia PSA's accurate forecasting

Certinia not only assists your business in complying with the updated regulations but also offers the following benefits:

  • Derive revenue forecasts with both recognized and projected values.
  • Provide comprehensive visibility into your revenue.
  • Establish tight links between revenue recognition entries and source data.
  • Efficiently process multi-element arrangements.

Centralize your revenue streams within a singular revenue recognition solution. Achieve compliance with the new ASC 606 and IFRS 15 standards. Automate calculations, streamline your period-end close, and obtain a holistic view of your organization’s revenue, encompassing both recognized and deferred components.

Run your services business with clarity, speed, and confidence

See how the Certinia PSA suite and Veda work together to connect your entire lifecycle—and make every step smarter.
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