High Tech
Cloud
API for Revenue Recognition on AWS at World’s Largest Domain Name Registrar
- Powers world’s largest services platform for entrepreneurs globally, serving 21M+ customers with 84M+ domain names
- $3.8B+ in revenue
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%
- +50% reduction in manual efforts on intercompany reconciliation and journal entries for onboarding of new acquisitions
- Enabled compliance and SOX reporting
- Administered support on other AWS services as needed for the solution