Any recommendation on best software for ASC606 for...
# armr
RonWR
08/31/2019, 7:24 AMAny recommendation on best software for ASC606 for SaaS company? RevSym vs. RevPro vs. Netsuite ARM module?
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Olivier Gagnon (DXC)
09/03/2019, 2:44 PM@RonWR Can't really speak to the other ones, but NS ARM does very well with SaaS companies. It was essentially designed for SaaS companies (because Netsuite corp itself is SaaS... so they know that business well)
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Tracy
09/03/2019, 5:33 PMAgreed that ARM works very well for SAAS. However we have found just a few limitations specifically with our SAAS customers that result in some heavy ARM scripting. We have recommended RevPro to a few SAAS clients because they wanted to avoid the customization.
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Muzzyelk
09/04/2019, 7:53 PMIn what instances was scripting needed?
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shamwow19
09/09/2019, 3:58 PM@Muzzyelk scripting is needed if you are using SUITE BILLING (subscription saas module of NS)
shamwow19
09/09/2019, 4:00 PMif you are not using suitebilling, pretty much every scenario can be configured in NS ARM.
However there have been scenarios where we had to recognize revenue in rev pro. So i would highly recommend getting your rev rec requirements together and getting it validated by a an ARM consultant to ensure that ARM is a good purchase for you. If you are not using suitebilling then 90% chances are ARM is the best solution for you but it depends on the requirements and use cases.
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