Concert streamlines ASC 606 compliance by automatically selecting the right expense policy based on your plans and data, so you are audit ready.
Our platform identifies the correct amortization policy, amortizes your commissions and tracks customer relationships. If your amortization must be accelerated it happens seamlessly.
Commission and Compensations plans are a dynamic field, set & adjust your quotas with our friendly dashboard.
Concert calculates commission expense instantly as opportunity data comes into the system letting you close your books immediately.
Expense schedules are built out through amortization end dates, giving you the ability to project your commission expense in future periods.
Entries are traceable at the payee, plan, and opportunity level, making audits a breeze.
All you need to do is pull your journals. We got the rest covered. If you need to do any analysis, Concert data is stored at the plan, opportunity, and payee level, giving you flexibility in analyzing your business the way you want to.
Comp plans are dynamic, so set new plans, add or remove payees & adjust your quotas within the app in minutes, and have your accounting update with your changes.
Bring in data for opportunities, collections, usage, billing, leads, activities, and MBOs, and know how it will impact your accounting.
Connect your Salesforce data with a single click, and have your commission expenses recalculate in real time.
Concert was a key part of Return Path’s ASC 606 adoption:
This is critical for private and public companies. Improper ASC 606 management could affect your business taxes, legal, financial processes and sales commissions. Make complex background accounting simple, ease your ASC 606 sales commissions compliance with Concert Finance.
Businesses that sell and service customers over extended period may have to amortize their new commission expenses over the “Period of Benefit”, or estimated customer life.
Customer relationship changes, in particular, impact amortization. Get the best practice on how you can start tracking that data
A few companies may qualify to continue expensing commissions as incurred. Find out if you should talk to your auditors about this.
No expensive implementations. No complicated spreadsheets.Schedule a Demo