Manage critical revenue data with our native subledger to ease the financial close process.
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To optimize financial processes you need real-time and rule-based revenue management software supported by a scalable enterprise-grade control environment that is ASC 606 and IFRS 15 compliant. Automated subledger and revenue recognition streamlines the management of any billing model, eliminating manual errors, lost revenue and ensuring regulatory compliance.
Subledger
Revenue Recognition
BillingPlatform’s native subledger contains all the required accounting data to prepare your financial statements. Leverage the reporting platform with its rich, built-in analytics functions, flexible report scheduling and delivery mechanisms, to report detailed journal entries to your general ledger.
BillingPlatform provides you with a complete picture of all your billing and accounting records, providing your business with unparalleled analytics and financial reporting capabilities.
An essential element of the subledger is the ability to set up revenue classification rules. These user-configurable rules define all aspects of your journal entries and allows you to properly track, allocate, and recognize revenue from any pricing tactics. Once revenue is ready to be recognized, the integration delivers this information to your general ledger.
BillingPlatform’s Revenue Recognition module was designed to handle the most complex revenue management scenarios, assigning high volume financial transactions in real-time as events happen according to account standards and company policy.
Speed the close process by automating the flow of transactions with real-time journal entries that integrate into upstream ERP and accounting systems, and automatically allocate transactions to specific general ledger accounts, specifying how and when revenue will be recognized.
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