Enhanced Revenue Recognition Model
Real-Time Accounting in RFMS
Enhanced Revenue Recognition Model (ERRM) turns your RFMS ERP into a real-time accounting system compliant with Sabarnes-Oxley Act. Let ERRM process your accruals automatically. Accruals for work in process (WIP) material and labor, inventory, and accounts payable are performed as orders progress through RFMS ERP.
Generate financials in real time
Automatic accruals allow for a more proportional distribution of expenses
Bill and book your jobs faster when compared to standard RFMS ERP
Complies with Sabarnes-Oxley Act
Who Needs It?
Commercial billing requires ERRM
Builder and Retail can benefit from the automatic accruals