FINNOVA (MFRS-15)
Simplify MFRS 15 Compliance Effortlessly
Get MFRS compliance with ease
staying ahead
In today’s rapidly evolving business landscape, staying ahead of regulatory changes is crucial to ensure your financial reporting remains accurate, transparent, and compliant. With the introduction of MFRS 15, revenue accounting has undergone a significant transformation, presenting challenges that require a strategic and comprehensive approach. That’s where FINNOVA comes into play – a cutting-edge solution designed to simplify MFRS 15 compliance effortlessly and empower your organization to navigate the complexities with confidence.
At its core, FINNOVA is built to revolutionize your revenue accounting processes, providing you with a comprehensive toolkit to achieve seamless compliance with the MFRS 15 standards. With FINNOVA by your side, you can unlock the power of streamlined revenue recognition, gain a competitive edge, and enhance your financial reporting capabilities.
WHY FINNOVA (mfrs-15) ?
Streamlined Compliance Journey
FINNOVA takes the complexity out of MFRS 15 compliance. Our robust solution automates and streamlines every step of the compliance process, ensuring accuracy and consistency throughout. Say goodbye to manual processes, spreadsheet headaches, and compliance uncertainties.
Seamless Integration
Our SAP Premium Certified solution seamlessly integrates with your existing SAP software ecosystem. No additional software, hardware, or system upgrades required. Enjoy a non-disruptive implementation that keeps your business operations running smoothly.
The 5-Step Model
FINNOVA utilizes a comprehensive 5-step model to achieve the core principle of revenue recognition. Identify contracts, separate performance obligations, determine the transaction price, allocate the transaction price to separate obligations, and recognize revenue when performance obligations are fulfilled.
Easy Implementation
Implementing FINNOVA is a breeze. With configurable objects, you can tailor the solution to your specific requirements. Complete the setup within 3 to 12 months, including all MFRS 15 quantitative disclosure requirements. Go live as soon as your business data is ready.
Convenience at its Best
FINNOVA is designed for ease of use and navigation. It seamlessly integrates with SAP ECC or SAP S/4 HANA, making integration with your existing G/L and A/P accounts effortless. Experience convenience like never before.
Embrace FINNOVA (MFRS-15) Today
Minimize Disruption
FINNOVA ensures a non-disruptive approach to MFRS 15 compliance. With minimal changes to your existing business processes, you can seamlessly adopt MFRS 15 and maintain compliance effortlessly.
SAP Premium Certification
As a SAP Premium Certified solution, FINNOVA guarantees compatibility and integration with your existing SAP software ecosystem. Enjoy a hassle-free implementation without the need for additional investments.
Easy Implementation
FINNOVA offers a straightforward implementation process. Configurable objects allow for customization, and you can complete the setup within a reasonable timeframe. Go live as soon as your business data is ready.
Future-Proof Solution
FINNOVA is not just a solution for MFRS 15. It is adaptable to future requirements, including any accounting automation needs. Stay ahead of evolving regulations and ensure long-term compliance.
Cost-Effective Solution
FINNOVA boasts the lowest total cost of ownership (TCO) in the market for MFRS 15 solutions. Maximize your return on investment and enjoy the benefits without breaking the bank.
Complete and Rich Features
FINNOVA offers a comprehensive solution for MFRS 15 compliance. It supports various types of performance obligations, including event-based, time-based, and percentage of completion. Experience the full range of features tailored to meet your accounting needs.
Don't let MFRS-15 compliance become a daunting challenge
FINNOVA For MFRS 15
Embrace FINNOVA and embark on a transformative journey toward effortless compliance. Simplify complexities, ensure accuracy, and gain peace of mind knowing that your revenue accounting is in expert hands. Contact us today to learn more about FINNOVA and experience the power of effortless MFRS 15 compliance. Your financial reporting deserves nothing less than the best.