About NetSuite Advanced Revenue Management:
The NetSuite Advanced Revenue Management module provides your team with the tools they need to schedule automatic revenue recognition for the right time and fulfill multiple performance obligations. This module also helps your team managing complex allocations related to product and service delivery over multiple accounting periods. NetSuite Revenue Management makes it easier for you to meet guidelines for revenue generating activities across various industries, and to handle revenue recognition in accordance with multiple accounting standards.
The Module Basics
Oracle NetSuite Advanced Revenue Management is designed for seamless integration with NetSuite Multi-Book Accounting for end-to-end support in your revenue management process. NetSuite Revenue Management helps you comply with evolving standards, manage balance sheet accounts, and allows you to view financials in real-time. Since NetSuite Advanced Revenue Management supports large, multi-currency transactions, your team can more easily manage global accounts and transactions.
Help Your Team
With agile configuration and the automation of certain processes, NetSuite Advanced Revenue Management saves your team time by allowing them to focus on exceptions, while the program takes care of standard repetitive tasks. When it comes to exceptions, your team will have the ability to drill back into the source sales document or transaction to find the details they need to address the issues they are facing.
Account for the Future
The real-time revenue intelligence tools and flexible forecasting capabilities of NetSuite Advanced Revenue Management help your team analyze real-time dynamic revenue impacts and forecasts. Access to this information allows them to see an up-to-date expected revenue picture for future periods, and enables them use this information to make informed and data-driven decisions about the future.