NetSuite Advanced Revenue Management
An Enterprise-Level Financial Management Solution
Enables you to give an updated expected revenue picture for future periods at any time, and helps your business streamline, automate, and comply with industry guidance and mandates related to revenue management.
About NetSuite Advanced Revenue Management
The NetSuite Advanced Revenue Management module equips your team with the tools necessary to schedule automatic revenue recognition at the optimal time and fulfill multiple performance obligations. This module also helps your team manage 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.
Want more information on how NetSuite Advanced Revenue Management can help you? Continue reading, or download the PDF data sheet on NetSuite Advanced Revenue Management to learn more.
Key Benefits
- Saves your team time by allowing them to focus on exceptions to the rule
- End-to-end support for your revenue management needs
- Analyze real-time dynamic revenue impacts and forecasts
- Up-to-date expected revenue picture for future periods
- Easy compliance with evolving standards
- Real-time revenue intelligence
- Agile configuration
Key Features & Capabilities
- Ability to drill back into the source sales document or transaction
- Seamless integration with NetSuite Multi-Book Accounting
- Support multi-currency transactions
- Manage balance sheet accounts
- View financials in real-time
- Flexible forecasting
- Automate planning
The Module Basics
Oracle NetSuite Advanced Revenue Management is designed for seamless integration with NetSuite Multi-Book Accounting, providing end-to-end support for 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 manage global accounts and transactions more easily.
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. At the same time, the program handles 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 enables them to view an up-to-date expected revenue picture for future periods and use it to make informed, data-driven decisions about the future.
Revenue Management FAQs
NetSuite Advanced Revenue Management helps you streamline and automate revenue processes, enabling your team to provide an up-to-date expected revenue outlook for upcoming periods. NetSuite ARM is a module that automates revenue recognition by dynamically managing contracts, allocations, and schedules, while also helping your business comply with industry guidelines and revenue management mandates.
Yes, Anchor Group offers implementation services for NetSuite modules, including NetSuite Advanced Revenue Management. Contact us to learn more about our NetSuite module implementation services.
NetSuite ARM supports rules-based revenue recognition, schedules, allocation of transaction prices across performance obligations, and multi-book accounting, aligning with the five-step model of ASC 606 and IFRS 15.
Yes, NetSuite ARM (especially with the Revenue Allocation add-on) supports fair value allocation of revenue across multiple performance obligations (bundles of products or services) and allows you to apply Standalone Selling Price (SSP), VSOE, and third-party evidence for allocations.
NetSuite ARM streamlines the creation of revenue arrangements, revenue elements, recognition rules, and journals. It offers real-time visibility into deferred versus recognized revenue, future revenue forecasts, and exceptions management.
NetSuite ARM integrates with sales orders, invoices, contracts, and billing modules like SuiteBilling. It can generate revenue arrangements from transactions, handle change orders and contract modifications, and ensure recognized revenue matches billed amounts and performance obligations.
Best practices include mapping contracts and performance obligations, aligning item configurations with revenue recognition rules, enabling ARM features in the system (Setup > Company > Enable Features), running parallel tests, configuring standard versus custom recognition templates, and training your finance team.
NetSuite ARM creates revenue arrangements and revenue elements (performance obligations). Recognition rules develop plans that schedule when revenue should be recognized. Journals are then posted automatically to the general ledger, transferring amounts from deferred revenue to recognized revenue as obligations are fulfilled.
NetSuite ARM provides finance teams with dashboards and reports that display recognized versus deferred revenue, revenue by customer, item, and geography, forecasted revenue recognition, journal entries, drill-back to source transactions, and audit trails for compliance.
Yes, Anchor Group offers services for customizing and optimizing various NetSuite modules, including NetSuite ARM, through our Managed Service Plans.
Related NetSuite Solutions
If this module doesn't fit your needs, there are many other NetSuite modules that serve as financial management solutions: