Case Study: Revenue Recognition for Multiple ERP at Woodward
Woodward recently completed one of its largest ever IT/Finance projects: an implementation of SAP Revenue Accounting and Reporting (RAR) for compliance with the new revenue recognition guidelines (ASC 606). We'll review Woodward’s system landscape and how it changed during the project, including making performance improvements and configuration changes in our core SAP system (aside from just the RAR changes). We’ll look at how Woodward managed and structured the project team, the process of choosing our consulting partner, the overall project timeline, and our training approach. We’ll also review lessons learned and challenges of the implementation, and what will be covered in the next phase of our revenue recognition journey.
- Understand what to consider when implementing a single tool across multiple ERP systems
- Discover when and why to engage other parts of the organization on a finance project
- Gain tips on defining Performance Obligation (POB) types
- Learn how to find and solve hidden errors