In the first blog post of this three-part Solution Highlight series featuring a proven leader in defense-grade, high assurance cyber security solutions, I will cover Oracle Revenue Management. My colleague, Mehmet Erisen will share his views on Global Supply Chain Management including Manufacturing with OSP and intercompany order fulfillment across business units featuring Oracle Supply Chain Management. We’ll round out the series with the third and final blog post focused on Salesforce to Order Cloud integration.
About Our Client: a trailblazer in the cyber security space, our client needed the ability to automate its complex and manual revenue allocation processes.
Challenge
- Manual revenue recognition processes leading to errors and delays
- Difficulty in complying with ASC 606 / IFRS 15 standards
- Lack of real-time visibility into revenue reporting
Solution
Implemented Oracle Revenue Management – Managing Bundles and Stand-alone Selling Price (SSP)
Oracle Fusion ERP provides robust functionality for managing and automating the implementation of product bundles and determining the SSP for revenue recognition under ASC 606 and IFRS 15 standards. Key highlights include:
- Revenue Management: Automates revenue processing tasks, minimizing manual interventions, allowing organizations to comply efficiently and consistently with the ASC 606 and IFRS 15 core principles
- Bundling Capabilities: Allows seamless configuration and management of product/service bundles with clear pricing structures
- Automation and Scalability: Automates complex revenue allocation processes, improving efficiency and scalability
- Real-time Analytics: Provides insights into sales trends and SSP analysis, enabling data-driven pricing strategies
Benefits
- Reduced Manual Effort – Eliminated spreadsheet-based tracking
- Improved Accuracy – Minimized revenue leakage and misreporting
- Faster Close Cycles – Automated recognition speeds up month-end close
- Regulatory Compliance – Ensured adherence to ASC 606 / IFRS 15
- Enhanced Visibility – Real-time insights into revenue performance
Oracle Revenue Management Cloud enables organizations to automate revenue recognition, reduce compliance risks, and gain real-time financial insights. This solution delivers value for companies with complex revenue streams, such as SaaS, manufacturing, and professional services.
This solution is particularly effective for companies looking to streamline revenue recognition while maintaining compliance and operational efficiency.
Let me know if you’d like a deeper dive into any of these features!
Source: Read MoreÂ