SAP Revenue Accounting & Reporting (RAR)

IFRS 15 & IND AS 115 provides for revenue accounting & reporting that needs to be followed by various entities. SAP RAR solution enables an organisation to comply to these reporting standards. We bring expertise in planning & implementing SAP RAR solution.

SAP RAR Solution Overview

SAP RAR is the out of the box solution by SAP that works seamlessly in alignment with IFRS 15 standard. It follows the IFRS 15 Five-step model to recognize revenue. It comes as an Add-on package that is needed to be incorporated in your current.

SAP has released various version of SAP RAR. The version 1.3.3. being the latest.

Key Benefits

Multiple accounting principles supported
Faster period close – integrated in SAP financial closing cockpit, ability to shift erroneous contracts to the next period for catch up posting
Aggregate G/L Postings by Debit/Credit Indicator.
Automatic or manual creation of performance obligations (POBs).
Automatic spreading of revenue to time-based performance obligations according to individual rules / manual changes possible when needed.

Success Stories

Metro Brands automated Vendor Master using SAP Business Technology Platform (BTP)

Enterprise

SUJAN CONTITECH AVS PVT LTD SAP RAR Implementation

Mid-Market

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