REVENUE RECOGNITION & FORECASTING
Forecast accurately so you can act decisively
Being able to predict future business performance and costs is critical to efficient project and resource management. Kantata enables accurate forecasting and revenue recognition so you can plan, pivot, and perform better.
TRUSTED BY AGENCIES AND PROFESSIONAL SERVICES FIRMS LIKE YOURS
Enhance the accuracy of estimate to complete (ETC) and estimate at completion (EAC) forecasts for more on-point planning, financial predictability, and project success:
FEATURES
Process Automation
Automatically collect data and calculate revenue recognition and projections based on cross-project information:
- Increase the quality of data inputs for more accurate planning
- Forecast based on active projects + unsold pipeline estimates
- Keep everyone on the same page with a single source of truth
- Close the gap between sales, resourcing, and delivery teams
FEATURES
Financial Summary Dashboards
View financial and project estimates, summaries, and details in easy-to-access dashboards:
- View project details, margins, and costs in one place
- Get an accurate and up-to-date financial summary
- Improve billing accuracy with ETC and EAC forecasts
- Keep track of project and portfolio info in real time
FEATURES
Milestone Weighting
Define various percentages of project completion, so you can recognize revenue more accurately throughout the project lifecycle:
- Assign percentage value (0-100) for various project tasks
- View progress in project detail tab of Margin & Cost dashboard
- Ensure recognition aligns with actual project progress
- Accurately forecast when future revenue is expected to be recognized
FEATURES
Built-In Compliance
Keep your projects and finances on track and enable seamless transfer of key financial data to core ledgers:
- Support ASC 606/IFRS 16 revenue recognition standards
- Connect Kantata to leading finance systems as a sub-ledger
- Integrate revenue recognition data with finance systems
- Ensure effective, accurate, and timely fiscal reporting
Integrations
Kantata integrates with the way you work
"Knowing where people are working, and where they will be working in the future, is essential. We can see this all through Kantata."
Chris Fehring
Director of Consulting Operations, Vizient
