Concert streamlines ASC 340-40/ IFRS 15 compliance and handles the most challenging commissions accounting
Our platform identifies the correct amortization policy, amortizes your commissions and tracks customer relationships. If your amortization must be accelerated, it happens seamlessly.
Commission plans are dynamic, your accounting should be, too. Concert will record any adjusting entries, without any manual intervention.
Concert calculates commission expense instantly, so you won't have any delays in your close calendar.
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.
Your business is dynamic, and so are comp plans. Add or remove payees, adjust your quotas, or setup a brand new plan in minutes and your accounting updates automatically
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.
No more reconciliation spreadsheets. Just one source of truth for accounting and Sales.
Concert was a key part of Return Path’s ASC 340-40 adoption:
No expensive implementations. No complicated spreadsheets.Schedule a Demo