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Technology companies often have complex regulatory compliance and
business process issues related to revenue recognition. Given the
importance of accurate and credible revenue, many companies use a
combination of business process steps and software solutions to help
consistently and accurately recognize revenue. The purpose of this paper
is to discuss important considerations for your business process and
software deployment to most effectively recognize revenue.
This paper starts with an overview of revenue for technology companies,
proposes a framework to organize your needed company processes,
considers process change requirements for revenue recognition, and
then proposes important considerations when you implement any software
solution for revenue recognition.