Comply with IFRS 15 and ASC 606 with CCH Tagetik's revenue accounting software
Take the complexity out of revenue recognition. Address IFRS 15 and ASC 606 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 recognize revenue – including calculating revenue recognized, 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.
3 reasons why CCH Tagetik Revenue Accounting let's you focus on your business
Get Compliant Quickly
Manage revenue recognition quickly and accurately. Simplify compliance with a unified solution with data collection, calculations, reporting, and disclosures controlled by workflow and audit trail.
Fast, Accurate Calculations
Use our modelling and calculation engine to determine revenue recognized, contract balances, and costs across entities, geographies, and ERPs. Configure logic, drill down, and process large volumes of data quickly.
Contract Data Repository
Our solution plugs into your existing systems architecture – without disruption – seamlessly connecting to ERP and other systems and centralizing all contract data in a single trusted source.
Revenue Accounting Demo
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 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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Moving to a forward-looking approach, increasing transparency, and improving disclosures requires a solution that will integrate quickly and easily while remaining flexible for future changes and be compliant at the same time.
Marco van der Kooij
General Manager at CCH Tagetik Benelux & Nordic
The IFRS accounting changes have pervasive impacts and require a solution which can meet demanding functional and data requirements. CCH Tagetik offers an integrated IFRS platform that enables the CFO and the office of finance to be compliant with the IFRS changes and also obtain valuable insights into the business performance.