API FOR REVENUE RECOGNITION ON AWS AT WORLD’S LARGEST DOMAIN NAME REGISTRAR

  • 14 offices around the world
  • 20M+ customers
  • 80M+ domains
  • Powers the world’s largest cloud platform dedicated to small, independent ventures

BUSINESS
NEED

  • Global model for finance to onboard new ecommerce systems and support future M&A
  • Compliance – mitigate risk of revenue recognition across all business lines
  • Trusted and complete GAAP revenue recognition
  • Expert professional services for AWS cloud-driven initiatives to support current technology stack
    • AWS, SaaS platforms, rev rec platform
    • Security, operational, and performance features

CHALLENGE

  • 30+ ecommerce platforms require integration into the revenue recognition engine; and a solution for future acquisitions
  • Multiple legacy revenue recognition systems with capability gaps, duplication, and manual processes
  • Lack of AWS skillset maturity to execute project independently (security, performance, development)
  • Multi-element arrangement

SOLUTION
& RESULTS

  • Architected, designed, and implemented an API integration solution allowing revenue recognition process to be flexible, secure, and scalable to meet current needs and scale for future acquisitions
  • Leveraged serverless framework to reduce infrastructure and operations cost by 20%
  • Reduced manual efforts on intercompany reconciliation and journal entries for onboarding new acquisitions by +50%
  • Enabled compliance and SOX reporting
  • Administered support on other AWS services as needed for the solution