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.
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.
TRUSTED BY INDUSTRY LEADERS
Core Capabilities
Enhance Revenue Accuracy and Efficiency with Automated Recognition Solutions
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.
Learn MoreCustomer Stories
“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
“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
“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
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
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.
Advanced Recognition
Embrace the flexibility to customize revenue milestones and schedules to accommodate diverse customer needs. Manage advanced recognition scenarios with flexible scheduling options, including milestone and event-driven triggers and align with broader business strategies.
Additional Resources
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