Similarly, NetSuite's newly introduced OneWorld 16 is also designed to comply with the new rules. And NetSuite CEO Zach Nelson said during this week's SuiteWorld conference that the rev rec arena will be highly beneficial to the accounting software marketplace. "I think rev. rec will be an accelerate for our business," Nelson said. Companies "will be re-evaluating their entire infrastructure," he continued. In breakout sessions, NetSuite representatives said one reason the change represents an opportunity is that new rules require more decisions by company officials, instead of providing simple classifications. On the Intacct side, that company's description of its new module was "This comprehensive solution provides out-of-the-box functionality that reduces dependence on IT resources and doesn't require complicated scripting." Federal Accounting Standards Board and International Accounting Standards Board rules kick in 2018 for public companies and in 2019 for private companies. These require companies to reallocate revenue each time a customer contract changes and defer expense recognition to align with the contract's delivery.