ASC 606 (Accounting Standards Codification Topic 606) and IFRS 15 (International Financial Reporting Standard 15) are both accounting standards that provide guidance on revenue recognition.

Collaboration may involve cross-functional teams, such as HR, finance, and operations, as well as external consultants and vendors who specialize in rewards and employee engagement. The goal of collaboration is to create a comprehensive and effective reward system that fosters a positive and engaging work culture, enhances employee performance, and supports the organization's overall success.

Rewards Technology is not just beneficial for front-line employees but also for C-suite executives. By leveraging Rewards Technology, executives can create more effective, engaging, and sustainable rewards programs that improve employee retention, productivity, and financial performance, ultimately leading to greater success and growth for the organization.