Oracle Cloud Revenue Management

Ensure ASC 606 / IFRS 15 Compliance with Revenue Management Cloud

oracle cloud revenue managementAccelerate your transition to the new standard with Oracle Revenue Management Cloud. Adhere to the ASC 606 and IFRS 15 core principles; Automate revenue calculations based on the new accounting standard; Audit – Provide complete and accurate access to revenue; Integrate with your existing ERP and third party system.

Contracts and Performance Obligations

Rules-Based Automation: Use rules-based identification and creation of customer contracts and performance obligations
Flexible Configurations: Leverage flexible, user-configurable rules from contract identification to revenue accounting generation

Revenue Allocations

Simplified: Simplify and automate revenue accounting across product bundles
Compliant: Allocate revenue according to published guidance

Satisfaction Schedules

Performance Obligations: Point-in-Time or Over-Time: Book revenue when performance obligation is satisfied, and easily manage complex satisfaction schedules
Independent of Billing: Process revenue independently of billings

Recognition

Liabilities and Assets: Accrue liabilities and assets with respect to performance obligations valued at expected consideration
Income Statement: Recognize revenue on successful transfer to customer at performance obligation revenue values

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