BTerrell Group Blog

What Kinds of Companies Benefit from Cloud ERP?

Posted by Brian Terrell on Thu, Jan 19, 2017

An implementer’s view from the trenches

An ever-increasing number of businesses are adopting cloud-based ERP solutions, and the momentum shows no signs of slowing. We’ve all heard many of the touted benefits of Cloud ERP, such as rapid deployment and minimal IT requirements. But what kinds of companies are truly the best candidates for a move to the cloud? Who can benefit the most – and why?

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Tags: ASC 606

Principal or Agent? A quick look at a complex ASC 606 topic.

Posted by Brian Terrell on Tue, Nov 08, 2016

It is common for companies to partner with other organizations to provide goods or services for their customers. The new Revenue from Contracts with Customers(codified as ASC 606) rules recognize this fact, and provide recommendations for how you should handle the revenue associated with these products and services. It boils down to determining whether you are acting as the principal or the agent in the transaction. While this may sound simple enough, like many aspects of ASC 606, it gets complicated.

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Tags: ASC 606

Now or later: when should SaaS companies recognize revenue under ASC 606?

Posted by Brian Terrell on Mon, Oct 17, 2016

The impact of ASC 606 for SaaS companies, Part 2

In our last post, we started the conversation about the impacts ASC 606, Revenue from Contracts with Customers, will have on SaaS companies. The impacts are broad, and significant enough to warrant continuing coverage – so here we pick up where we left off in an attempt to make sense of a confusing new landscape for software providers. A particular area of confusion surrounds when companies are to recognize revenue on term-licensing contracts that also include maintenance and updates.

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Tags: ASC 606