Description

SAP Revenue Accounting and Reporting (RAR) is a revenue recognition- based statutory regulation solution designed for finance teams. It enables users to manage orders, invoices, and events from multiple SAP and non-SAP systems, streamline decoupling revenue recognition rules from order entry and billing systems, manage the transition period for multiple GAAPs, automate revenue recognition and accounting processes, trigger income recognition through service acceptance events, automate the setting of stand-alone selling prices, as well as optimize and streamline automatic rules and manual determination of contract combination. Features include contract modification capability, transition management, ASC 605 support, S/4HANA Finance support, cost recognition capability, in-flight diagnostic management, performance obligation capability, parallel reporting management, and IFRS revenue standard support.