Consumption revenue recognition
The Consumption Revenue functionality supports financial operations by providing comprehensive features for both integrated and standalone environments.
Overview
The Consumption Revenue functionality is available to both Billing - Revenue Integration environments and standalone Zuora Revenue environments. It provides a complete suite of features to support the Office of the Chief Financial Officer in operationalizing the Consumption model.
Revenue recognition
Supports all consumption revenue recognition methodology in compliance with the US Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS). This can be quite a complex endeavor for the Revenue Accounting team because the revenue policy for the Consumption model can be technical due to it also being multi-faceted. Oftentimes, it also requires analysis on whether Variable Consideration should be considered and how it should be treated.
Data reconciliation
Supports the reconciliation process with intuitive data and reports as a part of the user experience. This is inherently a challenge in all processes, but an important one in the Consumption scenarios because the transactions are most likely accumulated daily..