This white paper explains how revenue recognition in a SaaS model introduces complexity due to subscriptions, bundled offerings, variable pricing, and evolving customer contracts, making accurate financial reporting challenging. It outlines the ASC 606 and IFRS 15 standards and their shared five-step framework for identifying contracts, defining performance obligations, determining and allocating transaction prices, and recognizing revenue over time or at a point in time. The paper highlights common challenges such as contract modifications, cancellations, deferred revenue tracking, manual processes, and closing pressures. It emphasizes that automation and continuous accounting, supported by modern cloud-based digital operations platforms, help organizations improve compliance, visibility,

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