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