For large companies with long project durations, the percentage of completion (PoC) method for revenue recognition is a mandatory exercise. Poool offers a fully integrated PoC-PRAP module that solves this complexity: Based on real-time project data, we automatically calculate your revenue recognition and the correct deferred revenue (PRAP).
For companies operating internationally, the correct application of the percentage of completion (PoC) method in accordance with IFRS is essential. Thanks to seamless integration with Poool, you can calculate the performance level of your large-scale projects automatically and in real time, based on live project data. This not only guarantees complete IFRS compliance and maximum audit security, but also provides your stakeholders with the most accurate strategic basis for investment and growth decisions at all times.
The creation of deferred income (PRAP) in accordance with IFRS is essential for the correct allocation of income and expenses across reporting periods. Poool automates this complex allocation: thanks to the central database, PRAP calculations are performed accurately and in real time. This dramatically speeds up your monthly and annual financial statements, minimizes manual errors, and guarantees you a balance sheet that reflects your company's true earnings situation at all times.
Poool's intuitive interface and innovative features have transformed our workflow. We're now able to work more efficiently and collaboratively than ever before. The detailed reports provide valuable insights into our data, allowing us to make informed decisions and track our progress towards our goals. The customer service is exceptional, with quick and helpful responses to our questions. Poool has exceeded our expectations and become an invaluable tool for our business. - Dipl. Ing. Clemens Kerschbaumer
Dipl. Ing. Clemens KerschbaumerCK Ziviltechniker GmbH
Poool has been a true partner from the very beginning. I appreciate the personal contact on-site and the simple and optimized handling of the tool. The most important key figures are always available at the push of a button, which makes planning much easier.
Florian KoflerHoch3 GmbHPoool has become essential for managing our agency's workflow. It helps our entire team stay organized and work more efficiently. Plus, it's incredibly easy to use!
Armin KünigImagine GmbHPoool has transformed the way we work at IMARK. Since 2018, we've been using it for time tracking, project management, accounting, and reporting. It's easy to use, customizable, and the support is fantastic. Highly recommended!
Katrin EggerInstitut für Marketing – Strategieberatung GmbH & CoKGThanks to poool, we were able to automate crucial elements of our daily workflow, not only saving an enormous amount of time but also gaining valuable insights through detailed reporting.
Philip GrobShuttle Design Studio Grob & Nath GbR