Revenue Recognition
Software

Simplify revenue management in real-time with automation, accuracy, and auditability

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Enterprise-Grade Revenue Management

Automate revenue management and reduce errors with a single solution to manage the complete quote-to-cash and revenue recognition processes

With intelligent revenue recognition, streamline revenue management to allocate, reconcile, monitor and recognize revenue for any pricing model, billing approach or promotional offer while staying compliant with ASC 606 & IFRS 15.

Automate Revenue Recognition and
Speed the Close Process

BillingPlatform enables finance teams to configure every aspect of revenue recognition to reduce errors, mitigate company risk by adhering to accounting standards and accelerate the close process.

Built-in Revenue Recognition

Manage transaction complexity and deliver true real-time revenue management with combined billing and revenue recognition in a single solution.

  • Assign financial transactions and execute revenue recognition in real-time as events happen
  • Automate core billing activities from invoicing to revenue recognition without any IT intervention or custom coding
  • Adhere to strict compliance with fully auditable tracking of who changed what and when
  • ASC 606 and IFRS 15 compliant

Rule-based Revenue Scheduling

Revenue Recognition offers rule-based revenue scheduling giving finance teams the flexibility to automatically allocate transactions to specific GL accounts then specify how and when revenue will be recognized.

With Revenue Recognition, automatically manage:

  • Standard Selling Price (SSP) allocations
  • All/future entries for the life of a contract
  • Discounts, usage, renewals, upgrades, cancellations, contract modifications and more
  • Variable considerations

Advanced Recognition

Align Revenue Recognition with your enterprise’s broader business strategy by creating custom revenue schedules and automate the most complex performance obligations.

  • Milestone recognition
  • Event-driven triggers, either from BillingPlatform or from 3rd party solution
  • Point-in-time
  • Recognition over time
  • Contracts with bundled arrangements

Advanced Journal Entries

Manage revenue recognition across multiple subsidiaries and geographies through one comprehensive solution.

  • Establish custom rules by currency, geography, and entity
  • Define intercompany allocations
  • Manage dual reporting for multiple accounting standards (IFRS vs Local GAAP) and internal reporting

Subledger

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.

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