- OracleApps Epicenter - http://www.oracleappshub.com -

ASC 606 and IFRS 15 Revenue Recognition automation

Do you know , there have been multiple acquisitions and announcements in the revenue recognition space as IT vendors ensure that they can support the ASC 606 standard including:

One wonders how long revenue recognition vendors Softrax will remain available on the market!

Moreover , EBS customer can think for exexistance possibility with Oracle Revenue Management Cloud , which is a centralized, automated revenue management product that enables you to address the ASC 606 and IFRS 15 accounting standard for Revenue from Contracts with Customers.

ERP vendor like SAP and Netsuites also have seprate module to support ASC 606 and IFRS 15.