IDG Contributor Network: What to look for in a technology solution for rev rec
You've recognized the challenges in recognizing revenue under ASC 606, and are leaning toward an automated solution. So, what should you look for in a technology solution for revenue recognition? First and foremost, make sure that any technology solution you are seriously considering will be compliant with ASC 606. Beyond that, there are some basic system requirements that must be present plus the ability to handle some of the more complex revenue recognition scenarios discussed in our last blog
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