“Compliance will mean more than simply implementing new software. It will also require you to, "Inventory all contracts for revenue recognition requirements, match the revenue with expenses for the cost of goods sold, identify elements of contracts that will matter to this, and analyze obligations for performance," according to Dan Kaltenbach, CFO of Icertis a company that specializes in automating the contracts effort. That's the short version, too. – Denis Pombriant, Diginomica