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Revenue Recognition Contract Review demo

Each revenue term cited to its page and each step's call signed before booking. 1:32

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What the demo shows

Reviews customer contracts for ASC 606 / IFRS 15 terms and drafts the revenue memo

One contract is one five-step rail: the ASC 606 steps across the top in plain words, each pinning the clauses that drive it. An intake agent gathers the signed package and reads the deal's emails for side letters; a contract terms agent cites every revenue term to its page; a judgment agent applies the company's revenue policy one step at a time and shows its plan, sources and confidence; a challenger agent tests every judgment against the current policy version, the standard and similar contracts and says out loud when it disagrees. The technical accounting lead talks to both agents in context, approves, edits or sends back each step with a reason, and the memo writer adds each section as it is signed; the memo locks at five of five. A schedule agent checks billing against the contract before anything is handed to the revenue system, and a modification agent assesses amendments.

Transcript

  1. Revenue Recognition Contract Review reads contracts under ASC 606 and IFRS 15 and drafts the memo.
  2. For technical accounting teams, revenue was the top restatement issue three years running.
  3. This morning the agents brief Nadia, three decisions, one side letter.
  4. Pelmore Health. Two free months, paid implementation.
  5. Every clause opens at its page.
  6. A judgment agent applies company policy step by step.
  7. A challenger tests each call.
  8. On splitting the price, the challenger disagrees.
  9. Service credits belong to the subscription alone.
  10. Nadia asks why. The judgment agent followed outdated precedent.
  11. She applies the challenger's split and approves.
  12. with a reason. Each signed step adds to the memo, which locks at 5 of 5.
  13. Every value cited, every step signed, every action logged for the auditor.
  14. The result, 30 minutes of review per hard contract, checked twice before booking.
  15. Built on Botminds: agents, data, screens, and governance on one platform.

Transcribed from the film’s narration. Captions are on the player.