O2Berp’s financial management module expedites daily financial transactions, accelerates the financial close and ensures compliance. Our cloud-based single platform architecture ensures complete real-time visibility into the financial performance of the business from a consolidated level down to the individual transactions. Let us look at some of the key features of this module
Close quickly with confidence and report financials faster and accurately
O2Berp cloud financials and accounting software helps finance leaders design, transform and streamline their processes and operations. O2Berp seamlessly couples core finance and accounting functions with strong compliance management, which improves business performance and increases financial close efficiency while reducing back-office costs. With real-time access to live financial data, you can quickly drill into details to quickly resolve delays and generate statements and disclosures that comply multiple regulatory financial compliance requirements.
Synchronizing Complex Processes from Order to Billing to Revenue Recognition
O2Berp’s billing framework supports transaction, subscription, usage-based and any hybrid model thereof, all while managing revenue accurately and in accordance with the latest revenue recognition standards. It is an agile and sophisticated solution that offers unparalleled control and flexibility over billing and revenue management processes. It is a centralized framework that supports the monetization models and allows customers to be nimble, innovative and profitable in today’s marketplace.
- Core unified framework connects transactions, subscriptions and projects to the billing engine and seamlessly flows to financials.
- Allows for the creation and management of subscriptions (including value based/usage subscriptions) and support for recurring billing with full integration to advanced revenue management and ASC 606 compliance.
- Provides for the creation and management of complex rating models, often coupled with high volume transactions.
Report Revenue Accurately
The solution automates revenue forecasting, allocation, recognition, reclassification, and auditing through a rule-based event handling framework. Whether your business conducts sales transactions that consist of products or services, or both, and, whether these transactions occur at a single point in time or across different milestones, Our erp’s revenue recognition solution will help you schedule, calculate and present revenue on your financial statements accurately.
Finance team gets more than automated and accurate financial statements. Organization gains a modern financial reporting experience that delivers real-time financial analysis and modelling across every dimension of your business for detailed insights into corporate performance and improved business decision making.