Technology
Technology is one of the most complex, multifaceted and dynamic of industries. As a technology company leader pursuing growth, you must grapple with such issues as structural market change, rapid innovation, increasingly fast and agile competition, and ever-shorter product life cycles. To achieve growth and consistent profitability means sustaining competitive advantages and satisfying shareholder expectations in the face of increasing costs, new market demands and rapidly changing government regulations.
To help you successfully meet these challenges, Grant Thornton’s technology industry practice provides a full spectrum of professional services to clients in the cleantech, digital media, hardware, Internet, life sciences, software, technology services and telecommunications sectors.
Our technology professionals will work closely with you, leveraging our unparalleled insight, industry understanding, and know-how to help you drive organizational as well as financial growth and achieve your business, financial and risk management goals. Grant Thornton delivers the knowledge and skills you need to achieve long-term competitive advantages in today’s — and tomorrow’s — global marketplace..
Interested in seeing how we've helped a client grow?
 |
Maximizing growth with cloud computing
The emerging area of cloud computing offers ubiquitous access to applications for interacting with all parts of a firm’s value chain. A less obvious advantage is that cloud computing allows the organization to gain insights from other groups within the communities formed by the users of the service. This article--originally published in the journal Strategy & Leadership and authored by Dave Rader, a director in Grant Thornton's Advisory Services practice--outlines the benefits and opportunities presented by cloud computing.
 |
Revenue recognition for software companies: Making sense of VSOE, discounts and concessions
Revenue recognition for software vendors can be complicated, to say the least. One of the key challenges under U.S. GAAP relates to recognizing revenue from software sales, which requires the seller to establish vendor-specific objective evidence (VSOE) of fair value for each separate product or service promised under a single contract. Revenue Recognition for software companies: Making sense of VSOE, discounts and concessions discusses establishing VSOE, pricing set by management, new products versus upgrades, acquisitions and VSOE and the impact of concessions and discounts.
 |
Insights on Revenue Recognition: Navigating the maze of authoritative literature
Revenue is one of the most important line items in technology companies’ financial statements, yet determining the appropriate model for revenue recognition and making sense of requirements for vendor-specific objective evidence (VSOE) of fair value can be extremely complicated. Grant Thornton’s book, Insights on Revenue Recognition, offers clear and detailed guidance on revenue recognition, including industry-specific guidelines for software vendors. Order your complimentary copy today.