Product Solution

Cost Plus Fixed Fee & Incentive Fee Rev Rec Management

Simplify ASC 606 compliance and better manage complex project revenue recognition with a fully integrated solution within your ERP.

Product Solution

Manually recognizing revenue for mixed component projects is complicated because of the different tracking methods needed for compliance, making the process error prone and time intensive. With Microsoft Dynamics ERP, you gain a unified platform for accurate financial and project visibility. Effortlessly track both fixed price and time and materials project management and reporting all in one deliverable as a combined completion percentage to comply with ASC 606 — all within D365 F&O.

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Benefits

Reduced Risk

Simplifies the complex reporting associated with fixed project and time/materials project management

Ease of Use

Tracks project details automatically without the need for manual spreadsheets

Rapid Implementation

Deploy the tool quickly with low overhead through simple integration into your current system

Faster Close

Apply best practice revenue management intelligence into D365 F&O for timely revenue recognition and more efficient closes

Features

Integrates directly into D365 F&O

Enhances data integrity

Minimal configuration

One deliverable despite various elements

Lightweight tool with low overhead and simple user interface

Reduces manual errors and eliminates tedious spreadsheets

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Simplifying Processes

The Cost Plus Fixed Fee & Cost Plus Incentive Fee Revenue Recognition module is a new parameter on mixed component projects that allows you to include the completion percentage calculation of the parent project. Designed specifically to simplify the ASC 606 process, it can be implemented quickly, with low overhead, and can be used in projects that have a fixed price piece, including milestone and time and material projects.

Keeping all revenue recognition deferrals and recognition schedules in a tightly controlled, well-structured Microsoft Dynamics database complies with revenue management best practices and will provide auditors confidence that you have established adequate controls over your revenue management policies and procedures. We developed our module under best practice guidelines and can integrate it into your current Microsoft Dynamics 365 F&O environment.

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