IFRS 15 CHALLENGES

The implementation of the new Revenue Recognition Standard IFRS 15 can be a huge challenge for companies. The main problems are not the new postings themselves – the required classification of the contracts and combination of different performance obligations make it difficult to retrieve and maintain the contract data. There are four major areas to master in order to implement the new accounting rules.

IFRS 15 ADJUSTMENT NEEDS

Beside the coverage of the areas above, an IFRS 15 Software has to cover different kinds of business models. Each business model has its unique adjustment need. In addition, those adjustment needs can be calculated Contract-by-Contract or together as a portfolio. The following list is showing the most important IFRS 15 adjustment needs.

NEXT GENERATION
IFRS 15 SOFTWARE

Our software suite is able to cover all mentioned areas and adjustment needs and can be fully integrated into your process- and system-landscape. The level of automation depends on your individual requirements.

REAL TIME ANALYTICS

Our software enables you to track all relevant key figures
and important values in real time

PROCESS-BASED INPUT

Predefined workflows ensure a fast and
efficient handling of the software

AUDIT PROOF SYSTEM

Our smart versioning logic allows fully traceable changes
of contracts and data without any effort

COMPREHENSIVE POSTINGS

All results and postings can be viewed on any level
down to fully comprehensive T-Accounts

REQUEST DEMO

CONTACT