Use Cases for Life Sciences: Revenue Recognition CUSTOMER PROFILE • A leading international CRO company • 300,000+ patients and 22,000+ employees • Operating in over 45,000 sites globally CHALLENGE The company was faced with impending changes in accounting standards regarding revenue recognition and wasn’t sure how best to handle them. Their existing application was brittle, couldn’t be changed easily, nor adapt as regulations changed. The financial systems in place would be impacted greatly and employees would need to put forth additional effort to update and subsequently improve processes. Rather than refitting their rigid application, the company chose a proactive automated approach with a new agile platform. The agile platform allowed for flexibility in solving the accounting

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