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How to perform conversions for Revenue contracts following Prospective accounting

in Revenue Management 1 comment

Summary:

How to perform conversions for Revenue contracts following Prospective accounting ?

we have a requirement to convert the existing revenue contracts from one legal entity to another legal entity. The complexity is the contracts are in middle of the lifecycle and there are multiple cross sell lines also got added during the span of the contract. Due to prospective accounting, there were multiple times contract got reallocated in past.

Business requirement is that our new contracts should follow the same revenue allocations as if it was continuing in existing legal entity.

PS: We are using OSMC to RMCS integration for the contract creation.

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