via ASC 606 and IFRS 15: Are you Ready for New Revenue Recognition Rules?
Month: November 2017
ASC 606 and IFRS 15: Are you Ready for New Revenue Recognition Rules?
We don’t want to add more to your to do list as things get busy around the holidays, but this is important! By now you’ve heard about the new rules governing revenue recognition for companies that will go into effect on January 1, 2018 for public companies, and January 1, 2019 for private firms. To recap, listen in to our podcast where I speak with Microsoft about the details.
ASC606 Overview
The Accounting Standard Codification 606, or ASC 606, made its debut in May 2014. It is an industry-neutral revenue recognition model designed to increase financial statement comparability among companies and industries. The objective is to decrease complexity involved with the current models for revenue recognition.
As a result, the new unit of account for revenue recognition is the obligation of a good or a service at the time it is delivered.
The Financial Accounting Standards Board (FASB), which administers Generally…
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Check out Progressus: Dynamics 365 and NAV for Small and Mid-sized Services Companies
Check out Progressus: Dynamics 365 and NAV for Small and Mid-sized Services Companies
We often host webcasts or author blog posts intended to share our expertise in the professional services sector and get the word out on our solutions for Microsoft Dynamics 365. Recently, we’ve written about AXIO for Dynamics 365, Enterprise addition for large professional services companies with complex requirements. And, we’ve written about Dynamics 365 PSA for companies less focused on project accounting and more reliant on up-front WBS (work breakdown structure) and bid management.
Today, I’m announcing our next webcast that will focus on Progressus, a Microsoft Dynamics 365, Business edition and NAV cloud solution designed for small and mid-sized Professional Services companies.
- Why Microsoft Dynamics 365 and Progressus are trending in the services sector
- How integrated project management and project accounting can dramatically improve operations and enhance your customer’s experience.
- Where to find that extra 10% of utilization and the predictive analytics you need to forecast…
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Migration is Not Just for Birds: 5 Reasons to Migrate from PeopleSoft to Dynamics 365
Migration is Not Just for Birds: 5 Reasons to Migrate from PeopleSoft to Dynamics 365
It’s hard to believe that it has been 14 years since Oracle acquired PeopleSoft. Since then, PeopleSoft customers made the choice to stay with Oracle or move to a competing cloud alternative – but some companies are still using PeopleSoft. Are you one of them?
Support Until 2020
The support extension provided by Oracle through 2020 cannot hide the fact that PeopleSoft is mainly based on an architecture developed a couple of decades ago. The majority of PeopleSoft customers will have to determine whether they are well served by a product whose data design harks back to the mainframe.
Sticky ERP
Why do companies stick with PeopleSoft or other legacy products? That’s a good question. It may be because enterprise software is particularly sticky. Companies don’t change their ERP systems because the number of enterprise users are in the thousands, requirements are complex, implementation takes longer and costs are…
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SBS Group Named One of Consulting Magazine’s Fastest Growing Firms of 2017
SBS Group Named One of Consulting Magazine’s Fastest Growing Firms of 2017
Leading Provider of Microsoft Cloud-based Business Solutions was named No. 55 on the List
EDISON, N.J. (PRWEB) NOVEMBER 17, 2017
SBS Group, a leading technology firm and industry innovator, was selected by ALM’s Consulting Magazine as one of the fastest growing firms in the consulting industry. At a gala awards dinner at New York’s Yale Club on Thursday, November 2nd, SBS Group was named as the No. 55 Fastest Growing Firm.
“To be honored as a Fastest Growing Firm by Consulting Magazine is a great testament to our commitment to evolve as a business,” remarked James Bowman, President and CEO of SBS Group. “The continued market growth of Microsoft’s cloud solutions, especially Dynamics 365, has afforded us a tremendous opportunity to grow our organization by delivering innovative, cloud-based business management solutions in an increasing number of markets.”
This year, 75 firms qualified for the ranking, which requires a minimum growth rate…
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Is the Cloud Right for You? Find Out with a Complimentary Cloud Assessment
Is the Cloud Right for You? Find Out with a Complimentary Cloud Assessment
You may be wondering if it’s time to move Microsoft Dynamics and other legacy systems to the cloud, and it’s a great question many business leaders are pondering at this very moment. Choosing the cloud over on-premises systems introduces many questions and the process can be overwhelming. Making a knee-jerk decision about your cloud options can lead to costly mistakes as noted in the infographic, 3 Painful Mistakes to Avoid When Moving Dynamics to the Cloud.
Make Decisions That Nurture Your Business, Not Hinder It
Business technology is advancing at a remarkable rate and the cloud offers so much promise for many businesses. Cloud solutions are in the headlines and on the minds of business leaders in nearly every industry. You have probably heard from vendors, suppliers or others within your own network that are considering moving legacy systems to the cloud. While there are plenty of success stories…
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