Advanced Revenue Management (ARM)
NetSuite’s Advanced Revenue Management (ARM) module automates and optimizes the process of revenue recognition, ensuring compliance with accounting standards. It allows businesses to manage complex revenue arrangements, such as subscriptions or multi-element sales, by automatically allocating and recognizing revenue according to the specific terms of each contract. The module also provides real-time revenue reporting and supports multi-currency environments.
Use Cases
Software
Automate the recognition of revenue from recurring subscription payments, ensuring compliance with accounting standards
Manage revenue recognition for software licenses sold with multi-element arrangements, including support and maintenance
Automate revenue allocation across the term of SaaS contracts, managing renewals and cancellations efficiently
Manufacturing
Track and recognize revenue linked to delivery milestones for long-term contracts, improving financial accuracy
Automatically defer and recognize revenue based on product delivery schedules
Manage complex sales that include both products and services, ensuring accurate revenue allocation
Services
Automate revenue recognition based on project completion milestones or percentage of completion
Recognize revenue for ongoing service contracts as services are rendered
Manage revenue recognition for retainer-based service agreements, ensuring accurate and timely reporting
Wholesale/Distribution
Track and manage deferred revenue from advance payments or pre-orders, recognizing it upon shipment
Ensure accurate revenue recognition in scenarios with partial shipments or split deliveries
Automate revenue recognition based on customer contract terms, such as volume-based pricing or rebates
Our Services
Implementation
Sky High ERP will guide your business through the entire ARM setup process, from initial configuration to full deployment.
Customization
We tailor ARM to your specific business requirements, ensuring maximum efficiency along the way.
Training & Support
We provide ongoing training for your team and support for troubleshooting any problems as they arise.
Vendor-Certified Experts
Our experienced team members hold multiple certifications from our key vendor partners with extensive domain and industry expertise.
Official NetSuite Alliance Partner
We are proud to be an official Oracle NetSuite Alliance Partner and often get the call when an implementation has gotten off track and requires a recovery.
Experts in Customization
We excel in leveraging our expertise to develop tailored solutions that precisely align with the distinctive needs of your business.
