High Tech
Cloud
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