Products
Revenue Recognition
Revenue recognition and complex transactions for B2B contracts.
This service extracts obligations from contracts and recommends the fair value with reference to accounting policies and standards such as IFRS 15 and ASC 606. The P&L and balance sheet is updated accordingly for the accounting period.​
Kanbina delivers next generation automation in the revenue recognition and complex transaction process as our AI understands contracts, fair value, policies and standards. This solution uses machine learning based data and natural language processing.
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The approach can be extended to all types of complex accounting transactions.
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Why use Kanbina for revenue recognition?
Automates the revenue recognition process, to speed up complex financial accounting
Automates integration between Customer, Obligation and Ledger data
Recommends the treatment of Contract obligations in line with accounting policy and standards
A practical application of natural language processing in line with AI innovation in finance