Services

Let us catapult you towards adoption of the new revenue recognition standard. The combination of our innovative software and our expert consulting is what you need to start the process.

CR2 Consulting

Allow the team behind CR2 to assist you in adopting the new revenue recognition standard.

CR2’s Consulting is structured around the Five Step Revenue Recognition Model. We can structure an engagement specific to your needs.

  1. Identify your contracts with customers and determine whether or not they are impacted by ASC 606 / IFRS 15.
  2. Identify the performance obligations.
  3. Determine the transaction price.
  4. Allocate the transaction price to the performance obligations.
  5. Recognize revenue.

Our consulting team consists of CPA’s and others with deep subject matter expertise. The combination of CR2 software with our consulting services will give you comfort as you navigate the maze of adoption.

Data Migration

Jump start your revenue recognition project by migrating your existing contract data to CR2.

If you have already begun your revenue recognition project and have used Excel to gather your contracts, we can map and upload your data for you. Additionally, if your contract data is retained in one or more systems (e.g., ERP), we can extract that data, map it to CR2 fields and perform an upload.

Training

Learn how to use CR2 to get on top revenue recognition.

You will find that CR2 is very intuitive and incredibly easy to use. But if you would like additional help in learning how to put CR2 to work for you, our training team is here for you. We have standard training packages to choose from or you can create a custom package that suites your needs.

Revenue Recognition Preparedness

The new revenue recognition standards contain sweeping changes. Are you ready for them?

You have already heard that the requirements of the new revenue recognition standard are nothing short of sweeping. But what is the impact on your company? We can help you understand the numerous changes and determine what it means to your organization. We can also put together a plan of action that will help ensure that you are ready for adoption.