Hamilton Engine

The Hamilton Engine is designed to empower Telecoms, Hi-Tech, Software, Construction and others to comply with IFRS 15 (FASB ASC 606). The product offers a full range of out of the box functionality, flexible enough to support most complex business requirements with minimum changes. This approach enables customers to implement a fit for purpose IFRS 15 solution, addressing the 5-step process while achieving value beyond compliance and simplifying their finance systems architecture. One of the major challenges in any IFRS 15 projects is the availability of data. In many of the organization's data needed is scattered across many system, extraction of such data is complex activity. Regardless of approach you have chosen, system should have the data to the lowest granule level in order to calculate revenue recognition according to the new standard. These needs impact how you integrate an IFRS 15 solution within your finance environment.  Hamilton engine extracts the raw data from various source systems using ETL tool or (custom ABAP program), enrich the raw data for IFRS 15 5-step model calculations. Revenue Accounting Contract with POB accounting will be created/modified and ready for posting to accounting system.

The Hamilton Engine is designed to empower Telecoms, Hi-Tech, Software, Construction and others to comply with IFRS 15 (FASB ASC 606). The product offers a full range of out of the box functionality, flexible enough to support most complex business requirements with minimum changes. This approach enables customers to implement a fit for purpose IFRS 15 solution, addressing the 5-step process while achieving value beyond compliance and simplifying their finance systems architecture.

An integrated solution within your SAP system

 

High level architecture of the Hamilton engine

Hamilton engine extracts the raw data from various source systems using ETL tool or (custom ABAP program), enrich the raw data for IFRS 15 5-step model calculations. Revenue Accounting Contract with POB accounting will be created/modified and ready for posting to accounting system.

Simplify Revenue Compliance with Hamilton

What does all this mean? Better Outcomes for your business!

The important question we should ask ourselves in selecting any kind of software for adopting IFRS 15 is why this software only why not others. To answer that, Hamilton engine is flexible and capable of handling varied use cases and high volume and frequent modifications e.g. Telecom industries or POC based revenue calculation e.g. Construction & Software industries, multiple and varied performance obligation e.g. Oil & Gas industries.

Get in touch with us today. Together, we’ll give your business the boost it deserves.

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