NetSuite Advance Revenue Management | The Blueflame Labs

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What is Advance Revenue Management?

• NetSuite is the best cloud-ERP solution for most
  small-to-medium businesses.
• NetSuite supports all the revenue compliance
  standards like ASC 605, 606, and IFRS 15.
• Advance Revenue Management (Revenue Recognition)
  is a feature of NetSuite.
• It automates many of the processes that are more
  manual in nature when using standard revenue
  management.

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ARM Modules Supports

• ARM module supports Revenue forecasting,
  Reclassification, Recognition, Automation,
  Scalability.
• ASC 606 has brought new revenue recognition
  standards for organizations.
• Many organisations do not have the proper systems
  to support these new revenue recognition
  standards.
• NetSuite can play a big role with the NetSuite
  ARM module multi-Book solutions.
• It can help companies to fulfil their
  requirements as per the new standards such as
  standalone selling price (SSP), foreign currency
  support, adjustments related to billing, etc.

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NetSuite ARM Modules

• Revenue arrangements The ARM module
  automatically creates arrangements with respect
  to revenue based on the previously approved sales
  transactions.
• Revenue elements With respect to individual
  lines in a source revenue elements stores revenue
  recognition information.
• Revenue recognition rules The amount source,
  start end date sources revenue recognition
  rules store how the revenue stream is recognized
  for a particular item.
• Revenue recognition plans Advance Revenue
  Management predicts, forecasts and gives revenue
  recognition information for the journal entries
  in the Netsuite.

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Key Benefits of NetSuite ARM

• Vital statistics, processes and reports can be
  generated in less than a second.
• Generates reports like deferred revenue, revenue
  by customer/item and reports on revenue
  recognition forecasts.
• Provides real-time visibility to revenue
  recognition to identify and clarify issues.
• Gives detailed reports up to the transaction
  level, take decisions based on the report.
• Creates complex interactive reports on revenue
  and deferred revenue.

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NetSuite Advanced Revenue Recognition Helps

• To expand your existing ERP distributions used by
  your organization.
• To meet standards related to revenue recognition
  as NetSuite ARM supports new revenue recognition
  regulations like AICPA, FASB, and SEC.
• NetSuite Advanced Revenue Management helps in
  generating reports in an easy and simple manner.
• Get clear visibility in the process of
  recognition because of proper monitoring from the
  beginning

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Easy Integration with SAP or Oracle

• Any existing ERP system such as SAP R/3, Oracle
  Financials or any ERP system can be instantly
  integrated with NetSuite Advanced Revenue
  Management.
• The integration of NetSuite Advanced Revenue
  Management and any of your existing ERP will be
  bidirectional integration thus you will be able
  to import orders and invoices from your ERP
  system and export journal entries to your ERP
  system.

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Features of NetSuite ARM

• ARM has Flexible Revenue Recognition
  Capabilities.
• Effective Revenue Recognition on Multi-Element
  Sales.
• Support for all important Revenue Recognition
  rules and regulations.
• Pre-Packaged/Custom Revenue Recognition Templates

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Conclusion

• Tired of managing complex spreadsheets?
• Do you want to shift to NetSuite Advanced Revenue
  Management?
• Our NetSuite Experts at the Blue Flame Labs can
  help with ARM integration.
• Get in touch for ARM integration today!

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Mutual Growth
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