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Revenue Recognition

Diverse is a recognized SAP Revenue Recognition services partner for companies seeking to comply with and benefit from the new Rev Rec standards. Our SAP-certified experts, partnering with SAP, assisted in the majority of SAP Revenue Accounting and Reporting Ramp-Up projects. Driving Design Thinking Innovation Sessions, Proofs of Concept, and having implementation projects in U.S., Diverse is the go-to partner with the experience and expertise for companies wanting to leverage SAP Revenue Accounting and Reporting to comply with ASC-606 and IFRS 15 and the newly announced IFRS 16 for leasing.

The New SAP Revenue Accounting and Reporting Solution

To support customers with this new standard, SAP has completed a multi-year development effort and has created SAP Revenue Accounting and Reporting to be ASC 606 and IFRS compliant from the ground. Starting with the first release in 2015, SAP has continued to add features to address requirements laid out in the new regulations. The most recent release, SAP RAR 1.2 is designed to specifically address requirements derived from the new accounting standards particularly in the areas of costs, contract management, and data transition across various accounting principles, as well. SAP RAR simplifies and automates even complex revenue accounting processes. SAP's RAR Solution automates and simplifies revenue accounting for companies large and small and is the solution that was designed with the latest Revenue Recognition Standards in mind. SAP RAR 1.2 is the only solution to support multiple standards.

Our Approach

Diverse works with you to evaluate the system changes needed under the new regulations, determine how significant they will be going forward, and lay out a path toward implementation with an emphasis on the impact to the SAP system. Our methodology and approach will help ensure that you can meet the upcoming changes to the standards.