Standards & ComplianceBuilt on Financial Integrity
FastQlik is engineered to deliver ASC 606 and IFRS 15 compliance, giving you confidence in your revenue recognition and reporting—without the complexity.
5-Step Revenue Recognition Framework
Automated compliance with ASC 606 and IFRS 15 standards
1
Identify Contract
Automated contract recognition
2
Identify Obligations
Performance obligation mapping
3
Determine Price
Transaction price calculation
4
Allocate Price
Obligation price allocation
5
Recognize Revenue
Compliant revenue recognition
Why FastQlik for Compliance
A cost-effective alternative to complex ERP systems
Single Source of Truth
Eliminate data discrepancies with consistent, reliable data across all operations
Period Locking
Three-step process for attendance, forecast, and finance locking ensures data integrity
Seamless Integration
Connect effortlessly with your GL, CRM, and existing financial systems