RevRec Hot-Tip: If you plan to run parallel for six months, you’ve got Less Than a Year to Be Ready!

The January 1, 2018 deadline is fast approaching and more and more companies are looking at their plan for implementing the new standards (ASC 606 and IFRS 15).

But, since a prudent approach for most companies also includes running parallel financial processes for two fiscal quarters, the time left to get ready is not actually 18 months – it is really now less than a year!

Those companies that are on a path to be #revrecready already should have formed their core teams, assessed their data, and started a Proof of Concept to model the changes.

Is your company on the path to #revrecready success or falling behind the curve?