Intacct Contract and Revenue Management automates and optimizes the financial processes associated with complex contractual relationships. It frees you from managing revenue with dedicated staff and complicated spreadsheets, which lead to inevitable errors, lost revenue and compliance risks. With Intacct Contract and Revenue Management, you can maximize billing and collections, automate the management of deferred revenue and revenue recognition and optimize contract renewals. Intacct Contract and Revenue Management includes a wide variety of built-in reports to help you forecast deferred and recognized revenue to ensure compliance with revenue recognition rules from the SEC, FASB and the Sarbanes Oxley Act.
Intacct Contract and Revenue Management helps you easily manage the complexity of contract-based selling and simplifies and automates billing and financial processes. Separate the recording and management of complex contracts and associated revenue recognition and deferral procedures from financial processes like billing, renewals and financial reporting.
Track customer relationships and complex contracts from a centralized repository. Easily attach supporting documents, such as scans of signed paper contracts or other electronic files and documents, so you have complete documentation at every level.
Intacct Contract and Revenue Management also supports flexible revenue recognition schedules including multiple product lines as well as maintenance, subscription, transaction, usage and services offerings with dates, events and percent completion values.
Intacct Contract and Revenue Management also helps you maximize renewal revenue, an important source of revenue for most businesses. The Intacct applications help you streamline the contract renewal process and increase renewal revenue by automatically scheduling, managing and providing visibility into contract renewal activities. It supports complex pricing and can automatically apply pre-negotiated or policy driven changes in pricing and discounting.
