The document outlines Oracle's Revenue Management Cloud Service (RMCS), which facilitates compliance with ASC 606 and IFRS 15 standards through efficient management of contracts and performance obligations. It details prerequisites for third-party integration and discusses data import methods, including the use of FBDI templates and custom program integration. It also offers support from Jade Global, an experienced consulting partner, for implementing RMCS successfully.

1. 1
Third-Party Integration with Oracle Revenue
Management Cloud Service (RMCS)

2. 2
Introduction
Oracle's Revenue Management Cloud Service product,
also called RMCS, has gained a significant pace over
the last few years. Oracle RMCS is part of the Oracle
cloud financial suite, allowing customers to manage
contracts and performance obligations to quickly help
them address the revenue recognition guidelines as per
ASC 606 and IFRS 15 accounting standards.

3. 3
Prerequisites for Third-Party Integration and
standalone selling prices & Revenue Data
• Enterprise Structures – such as legal entities,
ledgers, and business units
• Customers – Party, Party Sites, Customer
Account, Customer Account Sites, etc.
• Inventory Items
• Define a Trading Community Source System
• Define Spoke System Relationship between
Items and Source System

4. 4
Spreadsheet Integration using
FBDI Templates
RMCS provides two FBDI data templates to
load source data. The first is the Revenue
Basis Data Import template used to load the
contract data with headers, lines, and sublines.
The second is the Billing Data Import template
used to load billing data into RMCS.

5. Custom Program Integration
In this method, the developer search and writes a custom program to pull the data from
the source system and creates the data files for contract and billing. The custom program
then calls the Web API to put these two data files into the Oracle UCM server, the Oracle
cloud's entry point. After the file is placed in the UCM server, the same processes are run to
load the file data into the interface table, i.e., "Load Interface File for Import," and verify the
contract data loaded into the interface table, i.e., "Validate Customer Contract Source
Data." The next step is to run the "Identify Customer Contracts" program to create Revenue
Contracts, Performance Obligations, and Satisfaction Events. This process also recognizes
revenue if obligations are getting satisfied.
5

6. 6
If you plan to implement Oracle Revenue Management Cloud
Service (RMCS) to automate your revenue recognition
process following ASC 606 standard, reach out to Jade
experts. We have experience implementing RMCS with
various customers and have a pool of certified and industry
expert consultants who can make your implementation
journey smooth and delightful. As a consulting partner and
service provider, Jade Global has served more than 350+
customers and helped them implement Cloud, On-premises,
and homegrown applications.

7. 7
Headquarters
1731 Technology Drive, Suite 350
San Jose, CA 95110, USA
Phone
+1-408-899-7200
Email
info@jadeglobal.com
Website
www.jadeglobal.com
USA I CANADA I UK I AUSTRIA I INDIA
www.jadeglobal.com
Read Blog
https://www.jadeglobal.com/blog/third-party-integration-
oracle-revenue-management-cloud-service-rmcs

8. 8
Headquarters
1731 Technology Drive, Suite 350
San Jose, CA 95110, USA
Phone
+1-408-899-7200
Email
info@jadeglobal.com
Website
www.jadeglobal.com
USA I CANADA I UK I AUSTRIA I INDIA
www.jadeglobal.com
THANK YOU
To Know More About our Services, Visit:
https://www.jadeglobal.com/oracle