Nov 20, 2015
From the Advisory Institute
Revenue recognition rule changes have tremendous implications beyond accounting, especially when it comes to information technology. CIOs are tasked with implementing new IT solutions that will enable the business to comply with a host of complex information, data and reporting requirements.
Such significant technology change can be costly and disruptive. But it can also open the door to new opportunities to increase the value of the IT function for the long-term.
Discover in this article 10 key considerations for CIOs to make the most out of the transition effort to new revenue recognition standards, including:
- transforming the ERP environment and related systems, processes, and master data to make business planning and forecasting more accurate
- helping the organization speed up financial reporting timeframes
- supporting ongoing tax compliance
- reducing risk across the business.
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