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NetSuite Advance Revenue Management | The Blueflame Labs

Are you tired of those complex spreadsheets? Switch to NetSuite ARM. It automates many of the processes that are more manual in nature when using standard revenue management. Check out this blog by Blueflame, the NetSuite Implementation Partners and learn about Advance Revenue Management before integration. Read now!<br>https://www.theblueflamelabs.com/netsuite-advance-revenue-management/

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NetSuite Advance Revenue Management | The Blueflame Labs

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  1. What is Advance Revenue Management? • NetSuite is the best cloud-ERP solution for most small-to-medium businesses. • NetSuite supports all the revenue compliance standards like ASC 605, 606, and IFRS 15. • Advance Revenue Management (Revenue Recognition) is a feature of NetSuite. • It automates many of the processes that are more manual in nature when using standard revenue management.

  2. ARM Modules Supports • ARM module supports: – Revenue forecasting, Reclassification, Recognition, Automation, Scalability. • ASC 606 has brought new revenue recognition standards for organizations. • Many organisations do not have the proper systems to support these new revenue recognition standards. • NetSuite can play a big role with the NetSuite ARM module & multi-Book solutions. • It can help companies to fulfil their requirements as per the new standards such as standalone selling price (SSP), foreign currency support, adjustments related to billing, etc.

  3. NetSuite ARM Modules • Revenue arrangements: The ARM module automatically creates arrangements with respect to revenue based on the previously approved sales transactions. • Revenue elements: With respect to individual lines in a source revenue elements stores revenue recognition information. • Revenue recognition rules: The amount source, start & end date sources revenue recognition rules store how the revenue stream is recognized for a particular item. • Revenue recognition plans: Advance Revenue Management predicts, forecasts and gives revenue recognition information for the journal entries in the Netsuite.

  4. Key Benefits of NetSuite ARM • Vital statistics, processes and reports can be generated in less than a second. • Generates reports like deferred revenue, revenue by customer/item and reports on revenue recognition forecasts. • Provides real-time visibility to revenue recognition to identify and clarify issues. • Gives detailed reports up to the transaction level, take decisions based on the report. • Creates complex interactive reports on revenue and deferred revenue.

  5. NetSuite Advanced Revenue Recognition Helps • To expand your existing ERP distributions used by your organization. • To meet standards related to revenue recognition as NetSuite ARM supports new revenue recognition regulations like AICPA, FASB, and SEC. • NetSuite Advanced Revenue Management helps in generating reports in an easy and simple manner. • Get clear visibility in the process of recognition because of proper monitoring from the beginning

  6. Easy Integration with SAP or Oracle • Any existing ERP system such as SAP R/3, Oracle Financials or any ERP system can be instantly integrated with NetSuite Advanced Revenue Management. • The integration of NetSuite Advanced Revenue Management and any of your existing ERP will be bidirectional integration thus you will be able to import orders and invoices from your ERP system and export journal entries to your ERP system.

  7. Features of NetSuite ARM • ARM has Flexible Revenue Recognition Capabilities. • Effective Revenue Recognition on Multi-Element Sales. • Support for all important Revenue Recognition rules and regulations. • Pre-Packaged/Custom Revenue Recognition Templates

  8. Conclusion • Tired of managing complex spreadsheets? • Do you want to shift to NetSuite Advanced Revenue Management? • Our NetSuite Experts at the Blue Flame Labs can help with ARM integration. • Get in touch for ARM integration today!

  9. Willing to Explore New Technologies Together for Mutual Growth Headquarters: Blue Flame Labs Private Limited,5th Floor, Pride Purple Coronet, Baner Road, Baner, Pune (MH) – 411045 Email ID -fireitup@theblueflamelabs.com Mobile No - IN: +91 020 48610014 UK Regional Office: #5 Coombe Wood Hill, CR8 1JP UK: +44 7418-337694 USA Regional Office: 132 E 13065 S# 175 Draper, UT 84020 US: +1 (626) 427-8157

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