Are the tools that are used by your sales operations team a threat to your financial controls?
By now your accounting team is probably up to speed with the FASB-IASB Accounting Standards Update No. 2014-09 (ASC 606) and IFRS 15. But is your company still facing unnecessary risks because your sales operations team doesn’t have the tools to do the cost accounting correctly?
In this paper we answer two questions:
• What are the top five ways that your ability to cost account correctly is put at risk when the sales operations team doesn’t have the right tools?
• What can you do to get back visibility and control so the sales operations team is in compliance with your company’s guidance on the new revenue recognition and cost accounting standards?
According to a recent survey by Intacct, only 18% of finance professionals are confident their existing ERP can automatically handle the required changes and complexities ASC 606 / IFRS 15 will introduce. If you are responsible for designing and administering incentive compensation plans for a subscription-based business, your financial close process is about to get a lot more challenging.
If you are a finance professional dealing with incentive compensation planning and administration, you should view the recording of this session.