Multi-component contracts must be allocated across individual performance obligations
Contract modifications regularly result in complex recalculations
Project progress is calculated in Excel outside the ERP system
Contract Assets and Contract Liabilities are managed separately
Ensuring audit traceability takes unnecessary time
Different legal entities work with different accounting logics
Forecasts and actual revenue often do not match
Complex contract scenarios often cannot be standardized within the ERP system
Every exception leads to manual workaround processes
Envoria supports the entire IFRS 15 process, from contract analysis to automated revenue recognition.
Every revenue accounting process starts with the contract. To ensure consistent downstream calculations, contract data must be complete, structured, and centrally managed.
With Envoria, you can:
Your benefit:
A reliable data foundation for all subsequent IFRS 15 calculations.
Many contracts consist of multiple components with different revenue recognition dates, such as hardware, installation, software, maintenance, spare parts, and training.
With Envoria, you can:
Your benefit:
Even complex contract structures remain transparent and audit-ready.
Not every contract has a fixed price. Discounts, bonuses, and variable consideration must be included in the revenue recognition process.
With Envoria, you can:
Your benefit:
All price-related contract elements are incorporated into revenue recognition in a transparent and traceable way.
Once the transaction price has been determined, it must be allocated correctly to each individual performance obligation.
With Envoria, you can:
Your benefit:
Consistent revenue allocation without manual spreadsheet calculations.
Depending on the contract type, revenue is recognized either at a point in time or over time using different measurement methods.
With Envoria, you can:
Your benefit:
From progress measurement to automated journal entries, the entire process remains consistent and fully traceable.
After revenue recognition, Envoria automatically provides all relevant outputs for reporting, forecasting, and financial close processes.
With Envoria, you can:
Your benefit:
All results are available transparently, consistently, and audit-ready at any time.
Most companies don't struggle with standard contracts. The real challenge begins where contracts become more complex. Envoria supports a wide range of advanced IFRS 15 scenarios, including:
A single contract may contain multiple performance obligations with different revenue recognition patterns.
For over-time performance obligations, Envoria supports multiple methods to measure progress.
Contract changes often affect revenue allocation and accounting entries.
Not every contract has a fixed transaction price.
Contract Assets and Contract Liabilities are calculated and updated automatically.
Manage different accounting standards within a single solution.
The key IFRS 15 software features for efficient and compliant revenue accounting with Envoria
Manage contracts centrally, including versions, contract modifications, and all relevant contract data.
Connect Envoria seamlessly to your ERP and other upstream or downstream systems through flexible interfaces.
Import contract data via Excel and process large contract portfolios efficiently in a single run.
Automatically validate user inputs, mandatory fields, and contract data before calculations or postings are performed.
Adapt input fields, master data, mappings, and business rules to your individual processes and contract models.
Automate recurring calculations and reduce manual work as well as error-prone spreadsheet processes.
Calculate and analyze contracts either individually or using a portfolio approach.
Support multiple accounting standards and entity-specific accounting logic within a single solution.
Process contract, functional, and group currencies while automatically integrating exchange rates into your calculations.
Generate journal entries automatically and transfer accounting and reporting data to your financial systems.
Create reports, forecasts, and customizable dashboards for financial close, analysis, and continuous monitoring.
Manage roles and permissions while tracking all inputs, changes, and calculation steps through a complete audit trail.
Envoria combines deep IFRS 15 expertise with specialized revenue accounting software:
Automating revenue accounting starts with a consistent and structured representation of all relevant contract data. Manual Excel processes and standard ERP functionality quickly reach their limits when dealing with multi-element contracts, project-based business, or variable consideration. Contract modifications often require extensive recalculations and significantly increase the effort needed for month-end and year-end closing.
With Envoria, organizations can automate the entire revenue accounting process, from contract import and calculation to revenue schedules, journal entries, and IFRS 15 reporting. This reduces manual effort, creates a reliable data foundation, and provides complete transparency across the entire contract lifecycle.
ERP systems are designed to handle standard financial accounting processes. However, when companies need to account for complex multi-element contracts, different revenue recognition methods, contract modifications, or multiple accounting standards, additional calculations outside the ERP are often required. This typically leads to Excel models, manual workarounds, and time-consuming reconciliation processes.
Envoria complements existing ERP systems with specialized revenue accounting software. Contract data is imported seamlessly, IFRS 15 calculations are performed automatically, and the resulting journal entries, reports, and financial data are generated in a transparent and audit-ready manner.
Under IFRS 15, contracts containing multiple performance obligations must first be separated into their individual components. The transaction price is then allocated to each obligation based on the Stand-alone Selling Prices (SSPs). Revenue is recognized according to the specific performance obligation, either Point in Time or Over Time, depending on the nature of the contract.
Envoria enables organizations to manage even highly complex multi-element contracts consistently. The software identifies performance obligations, supports SSP-based allocation, and automates revenue recognition according to the defined contract logic. Every calculation remains fully transparent, traceable, and audit-ready.
Contract modifications are among the most common challenges in revenue accounting. Price changes, change orders, additional services, and scope changes can all affect performance obligations, transaction prices, and revenue recognition. Without specialized software, these changes often result in manual recalculations and an increased risk of errors.
Envoria's revenue accounting software supports the structured processing of contract modifications and automatically reflects their impact throughout all relevant calculations. Revenue schedules, journal entries, and reports are updated consistently, ensuring every change remains transparent and fully traceable.
Once calculations are complete, Envoria automatically provides all relevant outputs for financial reporting, period-end closing, and audits. This includes revenue schedules at both contract and portfolio level, automatically generated journal entries, contract assets and contract liabilities, forecasts, and comprehensive IFRS 15 reports. All relevant information is available in a consistent format for month-end and year-end reporting.
In addition, Envoria provides complete traceability for every calculation through comprehensive audit trails. Organizations can analyze revenue development, project progress, and contract modifications transparently, making collaboration with finance teams and external auditors significantly more efficient.
