Addressing Complexity: Tackling Challenges in Implementing Revenue Accounting and Reporting (RAR) Solutions
December 27, 2024
Companies across various industries face challenges in recognizing revenue in compliance with IFRS 15 and ASC 606. These challenges arise mainly because of evolving business models, diverse revenue streams and the need to comply with strict regulatory requirements. SAP RAR addresses the above challenges but implementing it effectively requires complex integration with multiple systems, accurate Performance obligations mapping to business processes and accurate and simplified revenue reporting capabilities.