Case Study: a fintech company achieves ASC 606 and IFRS 15 compliance with Jade Global’s Oracle Revenue Management Cloud Service

FinTech company improves revenue forecasting with Jade Global

Jade Global assisted a fintech company that offers a software platform for property and casualty insurance carriers. The client needed to achieve ASC 606 and IFRS 15 compliance and sought to automate its revenue forecasting and recognition processes using Oracle Revenue Management Cloud Service.

The solution from Jade Global was the development of a Revenue Pre-Processor (REVPP), a PaaS extension that streamlined integration between order management, receivables, and revenue management. This implementation automated data processes, improved the accuracy of revenue recognition and future forecasting, and stabilized the Oracle Revenue Management Cloud Service application for the fintech client.

FinTech company