Precursive Revenue Management
REVENUE RECOGNITION.
Wave goodbye to poor revenue forecasts.
With Precursive, recognizing and forecasting has never been so easy.
PRECURSIVE IS TRUSTED BY.
WHY IS REVENUE RECOGNITION IMPORTANT?
ACCOUNTING COMPLIANCE WITH ASC 606 AND IFRS 15
Be compliant with regulatory standards for when and how revenue should be recorded.
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MEASURE PERFORMANCE
Revenue is the ultimate measure of performance.
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BOARD AND INVESTOR TRUST
Accurate and real-time revenue forecasts for your projects and portfolio will give you the information to maintain Board and Investor trust.
HOW?
Once we understand “Why” it is beneficial to invest time and effort in this change, there you can ask “How?”. In this case “How to break-down rollout of Customer Workspace into smaller steps?”.
INTERNAL FACTORS
BETTER BUSINESS RESULTS WITH PRECURSIVE REVENUE RECOGNITION.
ADDITIONAL $65 MILLION
SES saw a major increase in additional revenue recognized with improved planning.
25% YOY
GROWTH
Alloy scales with 10 implementation managers now managing over 100 implementations simultaneously
10x
BETTER
Financial forecasting for BI Consultancy P3 giving them a clear view of future revenue.
COLLABORATE EASILY WITH CUSTOMERS.
SINGLE VIEW OF PROFESSIONAL SERVICES REVENUE.
Gain a greater understanding of performance across Fixed Price, T&M and Managed Services. See your total revenue by project, project manager, team, department or access the entire org.
BUILD REVENUE ACCOUNTABILITY.
Real-time revenue forecasts and the view into the variance between key snapshots will empower your Project Managers to take more accountability for Revenue and Margin of their projects.
COMPARE FORECAST BASELINES.
Constantly compare your forecast plan to complete with key point-in-time snapshots. See how Revenue, Cost and Margin has moved between Kick-Off, UAT and Project Close.
FINALLY...
CONTROLLED PERIOD MANAGEMENT.
Guided process to ensure accurate revenue reporting through a controlled and disciplined process for closing and locking weekly and monthly reporting periods.
REVENUE RECOGNITION AND ITS IMPACTS ON THE WORLD OF CONSULTING
”From a revenue recognition perspective, if you've got a framework that you are able to size and estimate for your client based on the effort you know it will take you, based on the agreed cadence and the structures and the tools that you're using, what you should be able to do once that proposition is mature enough, is provide a client a fixed price.”
ADAM MAZE.
Head of Operations | MMT Digital
IMPACT OF REVENUE MANAGEMENT WITH PRECURSIVE.
Real-time forecasts boosts confidence to achieve revenue targets.
Empower Project Managers to be accountable for Project Revenue and Margin.
Insight into revenue, cost and margin variance between key stages of the project.
Accurate revenue reporting through a controlled and disciplined process for closing periods.
Immediately identify revenue impact to project re-planning.
Finance and services reporting on revenue constantly.
Find out more about the people and company. You can learn more about what makes us tick.
We are passionate about changing the game for the world’s best services teams.
Our mission is to help you improve time-to-value and make every customer a success story.
WHY PRECURSIVE.
IT & Professional Services
FinTech
Communications