NetSuite, a provider of cloud computing business management software suites, has unveiled NetSuite Advanced Revenue Recognition, designed to help companies comply with new Financial Accounting Standards Board rules for multi-element sales.
NetSuite Advanced Revenue Recognition allows companies to obtain instant and ongoing compliance with FASB requirements. Because the solution is cloud-based, this compliance comes without the need to install new servers or maintain additional software. No matter what ERP system a company uses, NetSuite Advanced Revenue Recognition provides complete support for all the key revenue recognition standards, automates revenue recognition calculation, and provides dashboards and reporting for continual revenue recognition monitoring.
