Implementing the new revenue recognition standard isn't easy. A lot of companies are having difficulties being successful. Their main challenge? The lack of a system designed to handle the new accounting.
Our presenters Adam Washecka (CrossCountry's Principal for Revenue Recognition) and Richa Dubey (Workday's Director for Revenue Product Strategy) cover the following topics:
The basics of the new revenue recognition standard
Key challenges in implementing the new standard
How technology can help and why it's needed to be successful when implementing revenue recognition
A real-world review of revenue recognition scenarios and how a system is used to account for them