Keytree implements SAP Revenue Accounting & Reporting
The customer employs more than 4,500 people across Europe, North America and Asia Pacific and their technologies reach 80 percent of the global population. They have shipped more than 95 billion chips to date, with nearly five billion technology-based chips sold every quarter. As the world’s leading semiconductor IP company, it has sold over 1,400 licenses to more than 450 partners, and its complex portfolio of long running contracts has frequent changes and revisions.
Large multi-national organisations, for which the revenue recognition rules had previously translated into complex accounting requirements, as per the prevailing financial reporting standard (e.g. IAS 18), have typically developed custom revenue recognition functionality in-house, or utilised classic SD revenue recognition functionality from SAP.