Powering Top Accounting Teams with Automated Revenue Recognition
Simplify Complex Revenue Recognition
Empower your accounting team with real-time revenue visibility to close the books faster, maintain ASC 606 / IFRS 15 compliance, and deliver insights that drive growth.
Take control of your revenue…the right way.
ASC 606 / IFRS 15 compliance for any revenue model
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Revenue Accuracy
Accurate revenue accounting is crucial. RightRev automates revenue recognition to eliminate errors and reduce audit risks. Get precise revenue metrics at your fingertips, so you can make informed decisions that drive growth.
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Real-Time Visibility
Gain a complete picture of your financial health in real-time. Present your financials with confidence knowing you have full visibility into revenue contract metrics for recognized, planned, and unplanned revenue.
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Scalable Revenue Recognition
As your business grows, revenue recognition can get messy. Streamline any type of revenue—subscriptions, usage, services, or a mix. RightRev handles high transaction volumes rapidly, so you’re never held back.
Revenue recognition is becoming more complex. Traditional methods fail to meet you where you are and where you want to go.
Problem One – Spreadsheets
01/Chaotic Spreadsheets
Juggling multiple spreadsheets increases accounting errors. Have you experienced sleepless nights fearing that you forgot to save your Excel files? Excel lacks version control and scalability, making it difficult to ensure data integrity. Get out of spreadsheets and have peace of mind knowing that your revenue recognition is error-free.
Problem Two – ERP
02/Hacking Your ERP
Customizing your ERP for current needs while ignoring future needs is limiting. Most ERP systems fail to manage complex elements like SSP allocations, contract modifications, modern deal structures like ramps or bundles and reporting for contract liabilities and assets. Ensure sustainable growth with flexible revenue recognition software that can handle the dynamic needs of your business.
Problem Three – System Limitations
03/System Limitations
Don’t mold your business around system limitations. Legacy software struggles with high volumes, limiting visibility into daily revenue. RightRev automates simple and complex use cases without sacrificing speed and performance. With real-time revenue metrics, you can confidently close the books faster.
Automated revenue recognition solutions
We do the hard part for you
Standalone Revenue Recognition Software
Standalone Application
Easily ingest Quote-to-Cash data from upstream sources. Automate your revenue recognition using pre-defined rules, such as upon bookings, billings, or user-defined events, and distribute revenue on a point-in-time or ratable basis—no customization, data transformation, or custom scripting required.
Revenue Recognition Software For Salesforce
Salesforce Application
Seamless revenue recognition automation and reporting, all in Salesforce. All of the Opportunity, Quote, Subscriptions, Orders, and Billing information already captured as part of the sales process is seamlessly fed into our revenue rules engine for automated revenue recognition.
Own your revenue from start to finish
Automate every use case for a smoother revenue recognition process
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Configurable Revenue Rules
Identify performance obligations and assign proper revenue rules for separate performance obligations in a single revenue contract.
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Event-Based Revenue Recognition
Don’t limit revenue recognition to only bookings or billings; instead, configure unlimited events, such as product delivery, completed milestones, percentage of completion, provisioning, etc.
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Standalone Selling Price Calculations & Analysis
Automate tedious SSP calculations using intelligent historical analysis. Automatically apply SSPs to performance obligations and allocate across bundled contracts, saving you time and headaches.
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Contract Modifications
Contract modifications occur at any time during a contract’s lifecycle. RightRev’s predefined modification categories make this process easy by automatically detecting various changes, applying revenue rules, and recalculating revenue if necessary.
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GAAP Revenue Reporting and Waterfall
RightRev comes with out-of-the-box dashboards and hundreds of pre-calculated metrics to enable ad-hoc reporting. Revenue Waterfall reports provide visibility for planned and recognized revenue.
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Journal Entries
RightRev integrates with your ERP to automatically post daily or periodic revenue Journal Entries to your General Ledger. Conveniently create Topside Journal Entries directly in RightRev.
Don’t just take our word for it. Read what our customers are saying.
“After considering various Revenue Recognition Platforms, we chose RightRev for its ability to handle our complex business needs like allocations, contract modifications, de-bundling of product SKU’s, and SSP Analysis, all of which have proven to be manual and complex tasks to perform.”
“Combining front-end and back-end motions in Salesforce Revenue Cloud and RightRev for automated revenue recognition will optimize our accounting processes for maximum efficiency; saving time, reducing errors, and allowing us to close the books faster.”
“From the start of our conversations through go-live, the RightRev team has been fully committed to our success and we appreciate the investment they made in us. We challenged the implementation team with some unique requirements, and they came up with solutions for everything we presented.”
Get out of spreadsheets and workarounds. Get back to Accounting.
