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  "documentTitle": "2025 12 Capital Markets Day",
  "authorId": "Deutsche-Boerse",
  "authorName": "Deutsche Börse Group",
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  "notes": "Includes a conceptual example of revenue recognition shift and a waterfall-style impact chart on net revenue.",
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      "text": "Introduction of updated accounting methodology in January 2027; Key change is shifting revenue recognition from upfront to ratable; Aligns SaaS net revenue and ARR; On-premise and professional services excluded; Results in 2027 decline with higher growth thereafter.",
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      "text": "Following the progressed SaaS transition, SimCorp’s revenue recognition for SaaS contracts will change in 2027",
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