Case Study: Nexthink achieves automated IFRS 15 revenue recognition and a Single Version of the Truth with CCH Tagetik

Nexthink implemented CCH Tagetik's software solution for Consolidation and Revenue Accounting for IFRS 15

Nexthink, a market leader in Digital Employee Experience software with around 600 employees and offices worldwide, saw its rapid growth put new demands on finance. In 2018 the team needed to comply with IFRS 15 for the first time and required a cloud-based, adaptable and easy-to-use solution that could automate the new revenue recognition processes.

Nexthink implemented CCH Tagetik Consolidation and CCH Tagetik Revenue Accounting to automate contract data capture (fed directly from CRM), calculations and reporting, creating a single version of the truth. The solution went live for the 2018 financials and now supports monthly revenue recognition, streamlined reporting and future ERP integration, delivering compliant, automated revenue accounting and a unified reporting platform.

Nexthink

Romain Leduc

Finance & Strategy Manager