What It Does
Capabilities & Features
Prolecto Revenue Recognition and Cost Amortization acts as an alternative to NetSuite Advanced Revenue Management (ARM). The generation of custom revenue and cost amortization transactions is shaped by custom criteria. Tools are available to produce profiles to shape the amortization algorithms. Individual projects and other transactions can have supporting amortization. Bulk tools are available to work en masse. Reclass functions are available for end-of-period adjustments between Unbilled Receivables and Deferred Revenue.
Why It Matters
Business Value
For organizations that have less complex revenue recognition, the model allows a clearer and easier path to revenue recognition and related cost amortization. No recurrent or transaction fees.