Products Solutions Services Events Resources Contact us Request a demo EMAIL US Call us on US: +1 (857) 201-3432 UK: +44 (0)20 7496 8196 Solving for the intersection of revenue recognition and lease accounting Aptitude's integrated solution solves for interdependent regulations in TMT and Medical Device industries. Automate Automates complex revenue recognition and lease accounting processes Interrogate Allows users to navigate and generate standard and ad-hoc reporting Simplify Simplifies complex use cases across industries including reagent rentals and bundled offerings How Aptitude supports IFRS 15 / ASC 606 and IFRS 16 / ASC842 compliance The combination of Aptitude RevStream (AREV) and the Aptitude Lease Accounting Engine (ALAE) allows organizations impacted by both regulations to automate compliance and account for the interplay between the standards. From contract data ingestion to SSP automation and lease line classification, the solution automates accounting and reporting across a variety of complex use cases including bundled offerings, usage-based leases, and reagent rentals. Aptitude has the only integrated, globally mature solution for leasing and revenue recognition compliance requirements. Aptitude RevStream Aptitude Lease Accounting Engine Aptitude RevStream (AREV) is a revenue management software solution. It is a secure, easily configurable platform to automate revenue recognition and strategically manage the end-to-end revenue lifecycle, providing value beyond compliance. Out-of-the-box automation templates Flexible integration and pre-built connectors Stand-alone Selling Price (SSP) Analysis Engine Automate complex calculations Configurable, Real-time reporting Solving for the intersection of revenue recognition and lease accounting in the medical device industry As standalone regulations, revenue recognition (IFRS 15 and ASC 606) and lease accounting (IFRS 16 and ASC 842) are each challenging in their own right. However, medical device manufacturers are in a somewhat unique position of needing to look at how these regulations intertwine and solving for them in parallel and where they intersect. In this whitepaper, we discuss how Aptitude’s RevStream and Lease Accounting Engine integrate to meet the needs of medical device and medical technology organizations. Welcome to the Aptitude client community, Intersect ENT! We are delighted to announce Intersect ENT, a global, publicly-traded, medical technology company, has selected an integrated solution comprised of the Aptitude Lease Accounting Engine (ALAE) and Aptitude RevStream (AREV) to address compliance automation challenges. Ready to take the next step? SCHEDULE A CALL PRODUCTS Aptitude Accounting Hub Aptitude Calculate IFRS 17 Comply IFRS 17 Solution Lease Accounting Engine Revenue Recognition Engine Aptitude RevStream Aptitude™ Technology Platform SERVICES Cloud Delivery Security trust center Support SMS Assure Training RESOURCES for Banks for Insurers for Telco, Media & Technology Digital Finance Transformation IFRS 16/ASC 842 IFRS 17 LDTI Revenue Management COMPANY About us Blog Careers Events Investors News Partners Resource Library Financial Management Software for the CFO office. Enabling finance departments to optimise performance, reach goals and be future-ready. info@aptitudesoftware.com UK: +44 (0)20 3687 3200 US: +1 (857) 201-3432 SG: +65 3165 2750 Legal information Privacy Statement Modern Slavery Statement Copyright © Aptitude Software Limited 2014 - 2021. All Rights Reserved. WordPress Development by Moove Agency