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. Spend less time running reports and more time analyzing revenue 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.
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 ratable or point-in-time 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 or our SSP Calculator. 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
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.
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
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.”
“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.
