FinancialForce Revenue Recognition automates recognition calculations, eliminates error-prone and time-intensive spreadsheets, and adheres to key revenue recognition standards.

1. FinancialForce Revenue Recognition™
Automate your revenue recognition process on the Salesforce Platform
Managing revenue recognition can be painful on a good day. This is due
to changing regulatory requirements, evolving business models, an over
reliance on manual processes, and/or poor visibility of both recognized
and unrecognized revenue. It’s time to get a complete picture of your
organization’s revenue with the cloud-based solution from FinancialForce.
com. It automates recognition calculations, eliminates error-prone and timeintensive spreadsheets, and adheres to key revenue recognition standards.
Eliminate complex revenue recognition spreadsheets
Are you spending your valuable time entering data into huge, multi-row documents
that attract the attention of auditors? Simplify the revenue recognition process while
improving the auditability and visibility of your revenue recognition information by
managing it on the Salesforce Platform alongside your other revenue generating activity.
• Eliminate manual processes and calculations (saving time and money, while
eliminating costly errors).
• Deliver clear visibility and auditability into all aspects of the revenue recognition
process.
• Rid yourself of the dependency on spreadsheets and associated data integrity
issues - get one source of the truth .
• Put revenue recognition information in a secure, central place online.
Link recognition entries tightly to source data
Rather than re-entering source data and trigger event information into spreadsheets,
you can simply link to the source data stored on the Salesforce Platform. This ensures
data integrity, eliminates manual processing issues and direct links for audit trails.
• Traverse the complete audit trail from journal entries to the source element objects.
• Link to sources that include:
• inancialForce PSA expenses, timecards, misc adjustments and budgets
F
• Financialforce Accounting – sales invoices and credit notes
• Custom objects such as contracts, service agreements
• Salesforce objects such as opportunities and cases.
• Use ClickLick™ to import source information without coding.
Stay compliant and in control
FinancialForce Revenue Recognition supports AICPA, FASB and SEC regulations
(including SOP 81-1, SAB 101, and EITF 00-21) including the requirements for Vendor
Specific Objective Evidence or VSOE. It also supports Sarbanes-Oxley compliance
with Section 404.
• Provides a firm foundation for financial compliance.
• Includes controls to prevent duplicate entries and posting errors.
• Documents audit trails easily with links back to source data on the Salesforce
Platform.
FinancialForce Revenue
Recognition is changing
the way we look at projects. We
now have access to accurate
information on revenue by project
so we can see how our projects are
performing and act accordingly.
Not only will this save us time,
but also money previously lost to
unbilled time.
Jocelyn Fennewald
Financial Analyst, Ahead LLC
Harness The World’s #1
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Take advantage of modern, world class
systems and applications without the IT
costs and headaches, and get:
• Real time analytics from anywhere,
at anytime.
• Mobile device support for iPads,
iPhones, Droids, Blackberries etc.
• Chatter, the social media and
collaboration tool for business.
• Customization and integration tools
to customize and link your systems.
• Easy integration for your custom
and third party applications with
FinancialForce ClickLink™.
• Authorization workflow tools to
coordinate your entire company.
• A full range of development tools
to build your own app on the same
cloud in less than 1/5 the time.
• 1500+ complementary and
vertical applications listed on the
AppExchange that integrate with
FinancialForce.com and salesforce.
com applications.

2. FinancialForce Revenue Recognition
Automate your revenue recognition process on the Salesforce Platform
Process multi elements arrangements efficiently
Revenue visibility
As businesses move to more complex revenue models e.g.
transactions that combine products, professional services,
maintenance services and/or subscriptions on the same invoice)
multi element arrangements have made revenue accounting more
laborious and painful. The multilevel structure of FinancialForce
Revenue Recognition organizes and simplifies the process of
tracking, calculating and properly creating the right entries from
multi element arrangements down to a line item level.
Get a complete and graphical view of your revenue situation
either in summary form, or on an item by item basis. Use
dashboards to view by line of business, customer or region.
Use our standard reports or develop your own, using the powerful
dashboard and reporting tools available on the platform.
• Perform calculations based on equal split, % complete, or
deliverables.
• See revenue recognized to date, deferred and forecasted
revenue.
• View revenue by account, customer, project, group, region,
practice or cost center.
• Use Chatter to discuss revenue transactions and line items.
• Organize items by projects, milestones, time cards, invoices,
credits, refunds, expenses.
• Supports calculations based on:
• Total revenue
• Total units X rate
• Total revenue x VSOE %
• Total units x rate x VSO%
• Total units x VSOE rate
• Includes flexible year and period definitions:
• Month
• Partial period
• Actual days
• 445
FinancialForce.com delivers ERP at Customer Speed™. Built on the Salesforce1 Platform, FinancialForce ERP equips customer-centric businesses with a unified cloud platform and all the
applications necessary to grow both the top and bottom line. Our Financial Management, Human Capital Management (HCM), Professional Services Automation (PSA), and Supply Chain
Management (SCM) apps allow businesses to increase the speed in which they operate and be more responsive along every touch point of a customer’s journey. Founded in 2009 and
headquartered in San Francisco, FinancialForce.com is backed by UNIT4 and salesforce.com.
To find out more about FinancialForce solutions, please contact us at:
www.FinancialForce.com | info@financialforce.com | 866-743-2220 | @FinancialForce
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