Optimize Revenue Management with Real-Time Automation and Precision

Streamline your revenue processes with our comprehensive revenue recognition software solution, offering real-time automation, accurate revenue allocation and robust compliance with ASC 606 & IFRS 15 standards.

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Intelligent Revenue Recognition Software

Simplify the allocation, reconciliation, monitoring and recognition of revenue across various pricing models, billing methods and promotional offers, while ensuring compliance with ASC 606 & IFRS 15 standards. Our solution integrates real-time revenue recognition with comprehensive automation for streamlined financial processes.

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Core Capabilities

Enhance Revenue Accuracy and Efficiency with Automated Recognition Solutions

Benefits of Revenue Recognition Software

Streamline your operations and experience benefits for yourself as well as your customers.

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SSP Determination

Accurately determine Standalone Selling Prices (SSP) to ensure precise revenue allocation and compliance with accounting standards.

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Revenue Contracts & Modifications

Manage revenue contracts and automate modifications, including performance obligations and re-allocation of revenue.

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Waterfall/Rollforward Reporting

Generate detailed waterfall and rollforward reports, including trial balances, with a module that integrates seamlessly with your general ledger.

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Rule-based Revenue Scheduling

Leverage a dynamic rule-based engine to automate revenue recognition journal entries and manage complex revenue scenarios.

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Advanced Recognition

Tailor revenue milestones and schedules to fit diverse customer needs and business strategies.

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Customer Stories

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“We selected BillingPlatform because it is an enterprise-grade solution that can seamlessly and efficiently support our diverse billing requirements. BillingPlatform’s functionality, including its ability to defer revenue with automated revenue recognition and scalability, supports operational efficiencies so we can focus on delivering new solutions across our customer base.”

Brian Herb, CCC Intelligent Solutions

Chief Financial Officer

mobile payments
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“Our partnership with BillingPlatform provides us with a configurable solution that fits into our broader revenue lifecycle ecosystem to help us meet our complex billing needs, initially for our Treasury Services and Trade Finance business. BillingPlatform will be an integral part of our transformation to streamline the customer experience.”

Jill Jensen, J.P. Morgan Payments Technology

Managing Director

“As part of a broader initiative to digitally transform our operations, BillingPlatform stood out in the market, not only for its innovative technology, but also its consultative approach to understand the intricacies of our business and how best to support it.”

Murray Walton, IDP

CFO

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“We look forward to partnering with BillingPlatform to extend our reach to even more businesses and provide best-in-class billing and payment technology to our joint customers.”

Andrew Gilboy, GoCardless

General Manager, North America

Benefits of Revenue Recognition Software

Using BillingPlatform’s advanced software to manage your revenue recognition processes lets you streamline your operations and delivers numerous benefits for you and your customers. Choosing our platform means you can experience:

  • Efficiency Gains: With automation handling many of the most tedious elements of the work, you can gain faster financial closes and greater accuracy, while also freeing up your finance teams to focus on higher-value activities.
  • Compliance Made Easy: Our compliance tools make audits simpler, reduce your exposure to risks and ensure your activities align with ASC 606 and IFRS 15 requirements.
  • Enhanced Forecasting: Advanced reporting tools such as waterfall and rollforward support accurate cash flow and revenue projections.
  • Business Growth Enablement: The scalability of the platform supports your business’s evolving needs, from expanding revenue streams to entering the global market without operational disruptions.

Built with features such as SSP determination and rule-based scheduling, BillingPlatform ensures fair revenue allocation and reduces the risk of errors. This means you can have the highest levels of operational efficiency throughout your processes. In addition, the dynamic nature of the platform empowers you to adapt quickly to changes such as adding new services, implementing discounts or scaling your existing billing models. End-to-end lifecycle management gives you control over every aspect from order capture to revenue recognition.

Using our software also has an impact on your customer experience, providing higher levels of transparency and accuracy in your billing.

Among the many features of our platform are:

SSP Determination

Accurately determine Standalone Selling Prices (SSP) to ensure precise revenue allocation and compliance. Manage SSP calculations and adjustments to align with accounting standards, providing transparency and accuracy in revenue reporting.

Seamless Management of Revenue Contracts and Changes

Automate the creation and management of revenue contracts, including performance obligations and modifications. Efficiently allocate revenue based on Standalone Selling Prices (SSP), calculate contract transaction prices, and handle adjustments. Key functionalities include:

  • Performance Obligations: Create and manage performance obligations
  • Revenue Allocation: Reallocate revenue based on SSP
  • Contract Management: Automate contract adjustments and updates

By automating many aspects of your revenue recognition processes with BillingPlatform, you can reduce your reliance on manual procedures and ensure faster, error-free protocols across multiple revenue streams. Because our platform is compatible with many ERP systems, you can centralize your financial data, eliminate silos and enable real-time updates for greater visibility.

Waterfall/Rollforward Reporting

Comprehensive reporting for revenue insights and adjustments utilize advanced reporting capabilities to generate waterfall and rollforward reports, including trial balances. Our module integrates with your general ledger, providing comprehensive insights and ensuring accurate financial reporting.

Features include:

  • Waterfall Reports: Visualize revenue changes over time
  • Rollforward Reporting: Track revenue progress and adjustments
  • Trial Balances: Generate detailed trial balances for reconciliation

Automated Revenue Scheduling with Dynamic Rules

Use the dynamic rule-based engine to automatically generate revenue recognition journal entries. Define rules for recognizing revenue based on various criteria, automate journal entries, and manage complex scenarios such as discounts, usage, renewals and cancellations.

Our software adapts easily to your needs as your organization grows and evolves, helping support your transition to more-complex revenue recognition without losing accuracy or speed.

Advanced Recognition

Embrace the flexibility to customize revenue milestones and schedules to accommodate diverse customer needs. Our solution gives you all the features and functions you need to handle even the most difficult challenges so you can recognize revenue as successfully as possible.

Manage advanced recognition scenarios with flexible scheduling options, including milestone and event-driven triggers and align with broader business strategies.