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SAP Revenue Accounting and Reporting

Automate and simplify the revenue recognition and accounting process

Our revenue accounting software is designed specifically to help businesses comply with new statutory regulations for revenue recognition and also has the flexibility to support existing requirements.

Why SAP Revenue Accounting and Reporting?

With SAP Revenue Accounting and Reporting you can:
  • Handle orders, invoices, and events from multiple SAP or non-SAP systems
  • Gain flexibility by decoupling revenue recognition rules from order entry and billing systems
  • Provide revenue accountants with an easy to use accounting solution

Functional Capabilities

Comply with new and existing revenue recognition regulations – and manage the transition

Simplify compliance with our revenue accounting software, built specifically to handle the new converged U.S. GAAP and IFRS revenue standard. With native support for multiple GAAPs, our solution also helps you manage the transition period more easily.

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Support many different performance obligation and revenue recognition types

Gain the flexibility you need to support different revenue recognition methods as well as multi-element scenarios. See which operational items are considered by the revenue and accounting engine – and how they are treated.

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Natively support multiple GAAP requirements

Natively supports multiple GAAP requirements and multiple ledgers, existing and new regulations, as well as local GAAP–either  through a multi-ledger approach or an account based method.

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Keep up with accounting changes on an ongoing basis

Rely on our ongoing monitoring of the accounting standards process as well as interpretation of new regulations. An active participant in the regulatory process, SAP makes it easy to stay on top of new requirements.

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Automate and simplify standard revenue recognition processes

Eliminate the need for manual processes and spreadsheets, reduce errors, and shorten audit time – while ensuring compliance. Automate your standard processes so that you can spend more time on complex contracts and specific contract terms.

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Technical Capabilities

Scalability

Designed for massive scalability and flexibility, the solution leverages standard SAP architecture for scalability and takes advantage of parallel processing. 

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Integration

Easily integrate your accounting software with both SAP solutions and non-SAP systems with our adapter framework. The adapter reuse layer (ARL) can take data from operational items and events that are relevant for revenue accounting.  The structure of the data can be configured separately for different operational items and for different operational systems.  The ARL then transforms the data into revenue accounting contracts and performance obligations based on the defined rules.

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Rules-Based

Define performance obligations and event handling more easily with our established rules based engine (BRF+). With revenue accounting decoupled from the reporting engine, our solution gives you greater flexibility.

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Pre-requisites:

  • SAP ERP Financials 6.0 EhP 5 SP 10 or
  • SAP ERP Financials 6.0 EhP 6 SP 6 or
    SAP ERP Financial 6.0 EhP 6, version for SAP HANA
  • SAP ERP Financials 6.0 EhP 7 SP 1
    SAP ERP Financials 6.0 EhP8 SP 1
  • SAP Simple Finance add-on for SAP Business Suite powered by SAP HANA SP 1
  • SAP Simple Finance, on-premise edition 1503
  • SAP S/4HANA, on-premise edition 1511
  • SAP S/4HANA Finance 1605

If the customer integrates the revenue accounting engine with SAP Sales & Distribution (SD), the SD system can be on the following ERP 6.0 releases:

  • SAP ERP Financials 6.0 SP 15 or
  • SAP ERP Financials 6.0 EhP 2 SP 6 or
  • SAP ERP Financials 6.0 EhP 3 SP 5 or
  • SAP ERP Financials 6.0 EhP 4 SP 5 or
  • SAP ERP Financials 6.0 EhP 5 SP 3 or
  • SAP ERP Financials 6.0 EhP 6 SP 1 or
  • SAP ERP Financials 6.0 EhP 7 SP 1 or
  • SAP ERP Financials 6.0 EhP 8 SP 1 or
  • SAP Simple Finance add-on for SAP Business Suite powered by SAP HANA SP 1
  • SAP Simple Finance, on-premise edition 1503
  • SAP S/4HANA, on-premise edition 1511
  • SAP S/4HANA Finance 1605

Integration to non-SAP systems is also possible.

SAP Revenue Accounting and Reporting is part of SAP ERP Financials License. Contact your local SAP Account Executive for additional purchasing options. Please consult Licensing SAP Software: A Guide for Buyers for general licensing information.

Training and Certification

SAP Revenue Accounting and Reporting 1.0 OKP
Discover SAP Revenue Accounting and Reporting 1.0 functionality, and learn how to plan and implement the engine.

Visit the help portal for additional documentation:

 

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View product documentation

Get a wealth of information – about everything from installation and upgrades to security, integration, and product availability.

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Explore the hottest topics in revenue accounting

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Are you ready for revenue recognition?

The clock’s ticking and Brian Sommer provides you with an analysis of the things you need to know.

How finance departments should prepare for revenue recognition changes

Thack Brown discusses why the new accounting standards will change the way corporations perform revenue recognition and steps financial executives should take to prepare.

How to beat the deadline for revrec's big changes

While January 2018 may seem far away, the average Fortune 1000 company needs 18 months to prepare for such a sizable change in the revenue recognition process — a deadline that just passed in June.

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Get ready for IFRS 15 Revenue Recognition Standards

May 2014 initiated the countdown to the 2018 deadline for implementation of the new IFRS 15 Revenue Recognition Standards. Will you be ready?

Start your compliance assessment now with our SAP Advisory for IFRS15 Service, in order to evaluate your needs and next steps.

Learn how SAP Digital Business Services enables your transition to the new standard through seven steps and a full set of services — offering an end-to-end portfolio covering all SAP applications, on-premise and in the cloud. Make sure you keep pace with the evolving business landscape simply and seamlessly:

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Develop a road map to IFRS 15 compliance, specific to your current business landscape and future objectives

Use best practices, technology, and accelerators to adopt the right solution approach

Mitigate risk by choosing a premium engagement that tackles highly complex and risky scenarios

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