Revenue Recognition Software

Revenue Recognition Software

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

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 software, 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.

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Automate revenue recognition and speed the close process

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Real-time Revenue Recognition

Assign financial transactions and execute revenue recognition in real-time as events happen

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Revenue Contracts & Performance Obligations

Create Revenue Contracts and automate the re‑allocation of revenue between performance obligations

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Rule-based Revenue Scheduling

Utilize a flexible rule‑based engine to automatically generate revenue recognition journal entries with dynamic logic

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Advanced Recognition

Create custom revenue milestones and schedules that cater to your unique customer base

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Advanced Journal Entries

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

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Real-time 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

Revenue Contracts & Performance Obligations

Manage revenue contracts, and automatically calculate revenue allocated to performance obligations based on standalone selling price.

  • Create performance obligations
  • Define Standalone Selling Price (SSP) within the product catalog
  • Automatically calculate contract transaction price
  • Re-allocate revenue based on relative SSP

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 BillingPlatform’s Revenue Recognition software, you can automatically manage:

  • Dynamic rules for automated creation of journal entries
  • All/future entries for the term of recognition
  • Discounts, usage, renewals, upgrades, cancellations and more

Advanced Recognition

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

  • Milestone recognition
  • Event-driven triggers, either from BillingPlatform or third-party solutions
  • 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 with attributes defined by currency, geography and entity
  • Define intercompany allocations
  • Manage dual reporting for multiple accounting standards (IFRS vs Local GAAP) and internal reporting
  • Calculate and house the granular, detailed journal entries and pass summarized entries to an ERP

Customer Stories

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