Understanding Revenue Management Cloud Service (RMCS)

When:  Feb 23, 2024 from 01:00 PM to 02:00 PM (ET)
Abstract:
Oracle’s Revenue Management Cloud Services (RMCS) provides a centralized and configurable platform in recognizing revenue that confirms with ASC 606 and IFRS 15 accounting standards for “Revenue from Contracts with Customers”, following the contract process in 5-steps along with strong analysis and reporting solution. Companies gain the ability to more accurately bill customers for services. with its greater transparency, better insight into fees and charges rules and efficient end-to-end revenue management via improved handling of account receivables. The cloud-based solution enables financial institutions to improve customer service through seamless and secure application access, retaining loyal customers and staying ahead of the competition. In This webinar, we will discuss how to use several key aspects of RMCS to help viewers gain more understanding and use out of this revolutionary platform.
 
Learning Objectives:
  1. Learn to identify and create the contract with a customer and performance obligations in the contract.
  2. Understand how to determine and allocate the transaction price (TP) and recognize revenue as the entity satisfies a performance obligation.
  3. Gain valuable insight into follow-up analysis, reporting, and how to increase control with your audit.
 
Educational Tracks:
 
Presenters:
@Jeff Hare, CPA CISA CIA, Founder & CEO of ERP Risk Advisors, VP of OATUG Cloud ERP SIG
@MADHAVI GODBOLE, Digital Transformation Head Oracle Fusion and EBS, Apolis
@Mohan Iyer, FSCP Solutions Inc

Location

Online Instructions:
Url: https://ams.oatug.org/Meetings/MeetingRegistration.aspx?ID=580
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