CCH Tagetik - Revenue Accounting: ASC606 and IFRS15

Recognise revenue. Pre-packaged Revenue Accounting compliance.

Overview

Take the complexity out of revenue recognition

Address IFRS15 and ASC606 with a pre-configured starter kit that is easy-to-use and quick to implement. CCH Tagetik Revenue Accounting provides you with all the functionality to apply the new five step methodology to recognise revenue – including calculating revenue recognised, contract balances, performance obligations and contract costs.

Flexible and ready for you to extend, CCH Tagetik includes a data repository, calculations,reporting, disclosures and workflow. Built for finance, users can easily update the software without coding. No matter how many entities, countries, or ERP systems you’re working with, CCH Tagetik’s unified platform ensures consistent revenue recognition policies are applied to make complex compliance easy.

CCH Tagetik - Revenue Accounting: ASC606 and IFRS15

Key Capabilities

CCH Tagetik’s starter kit enables you to manage all contracts, connect all data sources, and comply quickly with the five-step revenue model.

 

  • Powerful calculation engine
  • Single repository for drill-down and analysis
  • Planning and what-if scenarios
  • Automates compliant journals and disclosures
  • Boost efficiency with workflow and audit trail

Key Reasons

3 reasons why CCH Tagetik Revenue Accounting: ASC606 and IFRS15 lets you focus on your Business:

  • Get compliant quickly - Manage revenue recognition quickly and accurately. Simplify compliance with a unified solution including a powerful data engine, calculations, reports and disclosures controlled by workflow and audit trail.
  • Fast Accurate Calculations - Use CCH Tagetik's modelling and calculation engine Kicks tart compliance with calculations to determine revenue recognised, contract balances, and costs across entities, geographies, and ERPs. Configure logic, drill down, and process large volumes of data quickly.
  • Contract data repository - CCH Tagetik's solution plugs into your existing systems architecture – without disruption – seamlessly connecting to ERP and other systems and centralising all contract data in a single trusted source.

Key Benefits

Thousands of contracts, one data model. While CCH Tagetik’s starter kit comes pre-built with everything you need to be compliant, you can easily update the solution to meet your unique needs.

  • Simplify compliance with pre-built solution
  • Automate data validation in a central repository
  • Mitigate risk with end-to-end solution
  • Reduce IT needs with a finance-owned solution
  • Align all stakeholders with trusted reports
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Technology in Action

Our Credentials

  • Strategic Partner since 2008 Tagetik launch in UK.
  • Certified Platinum status and Country Awards winner.
  • 12th Year  - Successful Delivery of CCH Tagetik Projects.
  • Over 150+ distinct projects across CCH Tagetik Consolidation and Budgeting/Planning Projects including first wave of IFRS16 and IFRS17 engagements.
  • Leading AIH practitioners.
  • Connected at every level in CCH Tagetik ecosystem. Strong relationship with Tagetik C-Level and Product Development.
  • Demonstrable Road-Map Influence.
  • Conduct Tagetik Prospect Workshops, Clinics and Customer Forums.
  • Package Development and IP.

Rapid Time to Value with INSIGHT Solutions

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