[infographic] revenue recognition | how to create a business case + sell internally

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Realizations & Revelations from RevStream's Roundtable Rhetoric THE NOT-SO-SCIENTIFIC GUIDE TO Is this an IT or Finance solution? More companies were starting to realize that this was an issue that both Finance and IT needed to work on together HOW TO CREATE A BUSINESS CASE + SELL INTERNALLY A CRITICAL CHEMISTRY 1 Justifying ROI was a universal challenge. Evaluating the investment of cost-avoidance may not seem like enough, but money saved is money earned. SHOW ME THE MONEY 2 Your company attributes - new or mature, private or public - play a role in the type of business case you present. Expanding your business case beyond ROI, such as identifying other business process issues like bad upstream data, resulted in higher chance of approval. WWW.REVSTREAMONE.COM LOOKING UNDER THE MICROSCOPE FORMULATE YOUR OWN APPROACH 3 4 5 COMPLIANCE IS THE CATALYST FOR CHANGE Timing, budget and project priority seemed to be ultimately driven by the new GAAP standards. "When the new GAAP was delayed, our project got delayed." "A dollar saved is an extra dollar earned ‐ it’s still a dollar. Economically it’s no different." "Garbage in means garbage out." “It required both IT & Finance to argue very strongly to get a budget for the project” "We need a tool. With this new standard coming out, we need something to help us… we’re still at the very preliminary stage."

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Page 1: [INFOGRAPHIC] Revenue Recognition | How To Create A Business Case + Sell Internally

Realizations & Revelations fromRevStream's Roundtable Rhetoric

THE NOT-SO-SCIENTIFIC GUIDE TO

Is this an IT or Finance solution? More companieswere starting to realize that this was an issue thatboth Finance and IT needed to work on together

HOW TO CREATEA BUSINESSCASE + SELLINTERNALLY

A CRITICAL CHEMISTRY 1

Justifying ROI was a universal challenge.Evaluating the investment of cost-avoidance maynot seem like enough, but money saved is moneyearned.

SHOW ME THE MONEY2

Your company attributes - new or mature,private or public - play a role in the type ofbusiness case you present.

Expanding your business case beyond ROI,such as identifying other business processissues like bad upstream data, resulted in

higher chance of approval.

WWW.REVSTREAMONE.COM

LOOKING UNDER THE MICROSCOPE

FORMULATE YOUROWN APPROACH

3

4

5 COMPLIANCE IS THE CATALYST FORCHANGE Timing, budget and project priority seemed

to be ultimately driven by the new GAAPstandards.

"When the new GAAP was delayed, ourproject got delayed."

"A dollar saved is an extra dollar earned ‐ it’sstill a dollar. Economically it’s no different."

"Garbage in means garbage out."

“It required both IT & Finance to argue verystrongly to get a budget for the project”

"We need a tool. With this new standard coming out, we needsomething to help us… we’re still at the very preliminary stage."