Finance tends to struggle with time-consuming, error-prone spreadsheets to handle complicated — and critical — revenue recognition tasks, while gathering data from an ever-increasing variety of sources.
At the same time, executives want a better sense of the business by seeing real-time results for the current quarter and accurate revenue forecasts for upcoming quarters. Unfortunately, those outdated methods of spreadsheets and manual data reconciliation are no longer sufficient to handle the greater complexity and scale of contemporary revenue recognition and management-reporting challenges.
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