SAP revenue accounting software (SAP RAR) is designed specifically to help businesses comply with new statutory regulations for revenue recognition and also has the flexibility to support existing requirements.
With SAP Revenue Accounting and Reporting one can:
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Handle orders, invoices, and events from multiple SAP or non-SAP systems
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Gain flexibility by decoupling revenue recognition rules from order entry and billing systems
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Provide revenue accountants with an easy to use accounting solution
Product capabilities:
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Comply with new and existing revenue recognition regulations – and manage the transition
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Support many different performance obligation and revenue recognition types
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Natively support multiple GAAP requirements
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Keep up with accounting changes on an ongoing basis
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Automate and simplify standard revenue recognition processes