Simplify Complex Revenue Recognition

Automate Revenue Recognition, Gain Real-Time Insights, and Ensure ASC 606 / IFRS 15 Compliance—All While Closing Books Faster

RightRev

Powering Top Accounting Teams with Automated Revenue Recognition

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RightRev

Take control of your revenue…the right way.

ASC 606 / IFRS 15 compliance for any revenue model

  • Automate Confidently

    Accurate revenue accounting is crucial. RightRev automates revenue recognition to eliminate errors and reduce audit risks. Spend less time running reports and more time analyzing revenue so you can make informed decisions that drive growth.

     

  • Real-Time Visibility

    Say goodbye to month-end surprises. With RightRev’s real-time revenue visibility, you’ll spot potential issues before they become problems, ensuring smooth financial operations and accurate forecasting.

  • Scale Without Limits

    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.

Automate every use case for a smoother revenue recognition process

Simplify your revenue from start to finish

  • Configurable Revenue Rules

    Identify performance obligations and assign ratable or point-in-time revenue rules for separate performance obligations in a single revenue contract.

  • 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 or our SSP Calculator. Automatically apply SSPs to performance obligations and allocate across bundled contracts, saving you time and headaches.

  • 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.

  • 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

    Post daily or periodic revenue Journal Entries to your general ledger. Conveniently create Topside Journal Entries directly in RightRev.

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    Consumption

    Recognize revenue for a tiered pricing structure, pay-as-you-go, overages, minimums, or credit drawdowns. RightRev can recognize revenue in the correct accounting period, regardless of invoicing cadence.

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    High Volume Transactions

    Processes high volumes of revenue transactions at speed. RightRev is proven to process nearly a billion transactions within minutes for high-volume needs.

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Granularity in RightRev, Visibility in Your ERP

Easily post journal entries via APIs to your ERP, whether you need detailed or summarized data. Think of RightRev as your ERP’s revenue sidekick—a powerful subledger that manages complex revenue arrangements and reporting while keeping your revenue data in sync with your ERP.

Automated revenue recognition solutions

We do the hard part for you.

Reduce spreadsheet reliance, alleviate audit pain, and have confidence in your numbers so you can focus on providing valuable insights.

RightRev works with your existing tech stack and natively with Salesforce, providing a unified view of your revenue landscape without disrupting your workflows.

Standalone Revenue Recognition Software

Standalone Application

Our standalone revenue recognition software is built on an API-first model and easily ingests contract 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. Highly configurable out-of-the-box means no customization or custom scripting is required.

Revenue Recognition Software For Salesforce

Salesforce Application

RightRev for Salesforce natively operates across all use cases supported by the Force.com platform. Your Rev Rec process runs alongside Salesforce, autonomously executing calculations based on pre-defined rules within Salesforce. Revenue reporting is extremely reliable with unified data and is flexible based on your needs.

Our Customers Say It Best

“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.”

Alex Amaya
Senior M&A and Strategic Projects Accounting Manager – Epicor

“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.”

Laura Brodie
VP of Finance – Docebo

“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.”

 

Chris Neidlinger
VP, Controller – Drata

Get out of spreadsheets and workarounds. Get back to Accounting.

RightRev