At Iotatek, we're proud to offer the industry's leading revenue recognition solution, RevPro. Our extensive community of satisfied users stands as a testament to its excellence.
RevPro boasts a battle-tested, rules-based engine that seamlessly integrates with your ERP and business applications, bringing automation to the forefront of your revenue recognition process.
We understand that your revenue recognition policies and rules are as unique as your company itself. That's why RevPro is designed with configurability in mind, ensuring that it easily adapts to your systems. With Iotatek, you have a partner that can tailor a revenue recognition and forecasting solution to suit your specific needs.
The use of manual spreadsheets carries a substantial risk of restatements, errors, and possible fines. The time and financial costs of auditing these manual processes is also a huge burden on companies. And spreadsheets simply can’t handle the volume and flow of transactions through the accounting life-cycle, delaying review and increasing the period close cycle.
By replacing spreadsheets with a scalable, automated, and auditable solution, RevPro aids in maintaining compliance with existing policies and accounting guidance. Manual changes to transactions and system settings are tracked and reported, and changes to policies and guidance can be systematically implemented and reviewed. With new, converged revenue guidance (ASC 606/IFRS 15), it’s more important than ever to automate revenue recognition to stay in compliance. The automation process requires some amount of pre-work to ensure data quality, so the time to start is now.
RevPro’s periodic processing, standardization, and automation allows users to proactively identify and resolve issues, increase productivity, and reduce the close cycle. Audit time and fees are also reduced.
RevPro’s periodic processing, standardization, and automation allows users to proactively identify and resolve issues, increase productivity, and reduce the close cycle. Audit time and fees are also reduced.
As RPA brings more technologically-advanced solutions to businesses around the world, operating models that adopt automation, whether in-house or offshored, will cut costs, drive efficiency and improve quality.
