infoTECH Feature

January 13, 2016

LANDesk Improved Audit Accuracy with RevStream's Revenue Recognition

RevStream this week announced that its automation software has been helping LANDesk (News - Alert), provider of user-centric IT solutions, obtain better, faster and more accurate revenue processes. In particular, LANDesk chose RevStream’s software for integration with its existing SAP (News - Alert) ERP implementation.

"We looked at several revenue automation tools," said Dave Peterson, revenue recognition manager at LANDESK. "When it came down to it, RevStream was the best option, both from configuration and implementation stand points, as well as what we were going to get in terms of automation and reporting."

On its own, SAP wasn’t a sufficient choice to handle LANDesk’s growing needs. However, with the help of RevStream’s high level of configurability and ease of implementation, LANDesk was able to rejuvenate its SAP implementation, allowing the ERP software to match its needs.

"One of the greatest benefits has been our new 'Flash Reporting' process," added Peterson. "Previously, we could not provide revenue updates until about a week after month and quarter end. Now, we can provide daily updates to management leading up to quarter end and give them greater insights into our revenue quicker. With RevStream, because everything is so much more intuitive, I'm able to give management answers more quickly."

Obviously, LANDesk made the right choice as its has been able to measurably improve its reporting since going live with RevStream. In particular, internal audit accuracy in the company improved from 85 percent to 97 percent, with reports being generated much faster.

As a result, LANDesk’s workforce has become more effective. For example, with RevStream, LANDesk is able to close 40 percent faster than before, freeing up between three and four days of work each month. It’s now possible to put this time toward other important projects, such as proactive analysis, deeper quality assurance and report documentation.

Edited by Kyle Piscioniere

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