Leverage Oracle RMCS to Meet ASC 606/IFRS 15 Requirements | Jade
Are you looking to make your company ASC606 and IFRS 15 compliant? Oracle's Revenue Management Cloud Service (RMCS) can help. RMCS is part of the Oracle Cloud Financial Suite and provides a 5-step model to meet the revenue recognition guidelines of ASC606 and IFRS 15 accounting standards. The steps include Contract Identification, PoB Identification, Determine Transaction Price, Allocation of Transaction Price, and Revenue Recognition.
RMCS is also integrated with other cloud applications like Distributed Order Orchestration, Service Contracts, Projects, Receivables, and General Ledger. If you want to implement RMCS, reach out to Jade Global's Oracle team. With experience implementing RMCS for over 350+ customers and a team of certified experts, they'll make your implementation journey smooth and successful.
Make your company ASC606 and IFRS 15 compliant with Oracle's Revenue Management Cloud Service (RMCS)
RMCS is part of the Oracle Cloud Financial Suite and provides a 5-step model for revenue recognition
1. Contract Identification
2. PoB Identification
3. Determine Transaction Price
4. Allocation of Transaction Price
5. Revenue recognition
Team of certified experts to make your implementation journey smooth and successful
If you are planning to implement RMCS to automate your revenue recognition process following the ASC 606 standard, Jade can help you. We have industry experience implementing RMCS with various customers and have a pool of certified and industry-expert consultants who can make your implementation journey smooth and delightful. As an Oracle Consulting Partner and service provider, Jade Global has served over 350+ customers and helped them implement Cloud, On-premises, and homegrown applications.
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Start your RMCS journey today!