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1、Modernization of Revenue Management using Oracle RMCSHCLTechs engagement with CSG InternationalIntroductionsMurali VooraDirector,Business Transformation,Cloud Software GroupGhouse BatlapaduAssociate Vice President,Digital Business Services,HCLTechAvinash PrabhakarOracle Practice Director-Finance,Dig
2、ital Business Services,HCLTechModernization of Revenue ManagementNeed for modernization of Revenue ManagementComplex revenue recognition challenge Challenges in managing subscription-based revenue and diverse product bundles Accurate allocation and accounting aligned with IFRS 15 and ASC 606 Automat
3、ed solution to address these complexities under tight timelinesIntegrated Revenue Recognition Model Leveraging Oracle Revenue Management Cloud for revenue recognition Seamless integration with Oracle Fusion Order Management Agile delivery to ensure scalability and minimal disruptionImprove operation
4、al efficiency Automating revenue recognition,unifying contract data and reducing financial close timelines Optimizing application costs,resulting in a scalable and future-ready revenue management frameworkCSG sets the pace for a scalable revenue transformationOracle-powered shift to agile,cloud-firs
5、t operationsComprehensive Revenue Management process Deployment of Oracle RMCS:A centralized and automated revenue management solution leveraging Oracles sophisticated technology Reducing risk through seamless integration with the Order Management ApplicationScalability and flexibility As the compan
6、y grew both organically and via acquisitions,its revenue models and operational complexities Establishing a unified future-ready revenue recognition management framework capable of scalingSecurity and compliance Align with evolving accounting standards such as IFRS 15 and ASC 606Innovation and futur