Designed for Any Revenue Model
RightRev automates revenue recognition across bookings, billings, usage, milestones, delivery events, and custom triggers, so you can monetize anything with confidence.
Our product handles high volumes of revenue data, fast changing monetization models, and complex contract modifications. The platform recognizes revenue ratably or at a point in time with accurate, explainable, and audit-ready outcomes.
Revi, RightRev’s AI-powered suite, is built on a context-aware engine that captures the full scope of your Order-to-Cash lifecycle. This provides direct access to the contract, billing, and usage data that drives revenue, ensuring AI agents operate on a complete and accurate data foundation.
Take Control of Your Revenue. The Right Way.
Meet ASC 606 / IFRS 15 and ASC 842 / IFRS 16 compliance with speed and confidence. Combine deterministic execution with AI that flags, traces, and explains variances without compromising auditability.
-
Accurate Revenue Insights
Revenue is the most critical number and it has to be right.
Revi captures complete revenue context enabling accurate AI-Powered automation that surfaces anomalies early while deterministic rules ensure every number holds up. Explainable, audit-ready revenue.
-
Close Your Books Faster
Generate 160+ revenue metrics in real time as transactions occur.
Revi automatically recalculates revenue and journals instantly as contracts change, highlighting what changed and why. Faster closes, fewer surprises.
-
Unlimited Scalability
Scale without re-platforming or rework.
Scale without re-platforming or rework. Support growing transaction volumes, complex contracts, and new pricing models through AI-powered automation without adding risk or IT dependency.
Connect Any Source
Ingest data from any CRM, billing system, ERP, or custom source.
RightRev applies pre-configured revenue rules and begins processing immediately, with AI improving validation and visibility. No fragile integrations, manual effort, or IT dependency.
Automate your revenue recognition
from start to finish
Built for maximum performance, compliance, and control
-
Configurable Revenue Rules
Configure rules for traditional and modern revenue models. Identify performance obligations within revenue contracts & assign proper revenue rules that apply the appropriate revenue treatment for each separate performance obligation 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.
-
One-time, Subscription, or Usage
Set rules for one-time sales, recurring revenue, or services. Recognize revenue upon bookings, billings, or user-defined events, including usage billing.
-
Contract Modifications
Automatically group amendments and recalculate revenue without manual intervention.
Check out how Contract Modifications work
-
SSP Calculation and 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.
-
Automated Carves
Effortlessly allocate revenues to the appropriate categories, ensuring accurate and efficient accounting.
-
Revenue Reporting and Revenue Waterfall
Out of the box reports to fulfill your reporting requirements, plus hundreds of pre-calculated metrics to enable ad-hoc reporting and dashboards. Revenue Waterfall visibility for planned and recognized revenue.
-
Journal Entries
RightRev integrates with your ERP to automatically post revenue Journal Entries to your General Ledger daily or periodically based on your business needs. You have the ability to defer or release revenue automatically and manually.
-
Cost Accounting
Process and recognize various cost types such as Follow Revenue, Practical Expedient, and Event-Based. Cost metrics are automatically calculated in the system.
Want to see RightRev in action? Watch a recorded demo.
Watch a DemoDon’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 were manual and complex tasks to perform perviously.”
“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.”
“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.”
FAQ’s
As per ASC 606 compliance, the five steps of revenue recognition are:
- Identify the contract with the customer
- Identify the performance obligations (promises) in the contract
- Determine the transaction price
- Allocate the transaction price to the performance obligations in the contract
- Recognize revenue when (or as) the reporting organization satisfies a performance obligation
RightRev satisfies all 5 steps of ASC 606 plus more.
Yes, RightRev can integrate with your ERP. You can send revenue Journal Entries automatically or manually into your General Ledger. You can also create topside Journal Entries directly in RightRev.
Yes, RightRev can recognize revenue for consumption/usage models. When overage usage consumptions are billed in arrears, upon invoice activation, the invoice item details are transferred to RightRev associated with order transactions in real-time to create invoice-based revenue recognition. RightRev can accommodate many forms of usage, such as credit burn-down, pay-as-you-go, tiers, minimums, etc.
Yes, RightRev can automate revenue recognition for your entire book of business. The beauty of RightRev is its ability to connect unique revenue treatment to each product, service, or type of performance obligation to your entire suite of products and services. Whether it’s full recognition upon delivery for Hardware, straight-light deferral for Software, or percentage of completion for Professional Services, RightRev will seamlessly automate these transactions for your business.
Over the years, ERPs have built and acquired extensions that aim to recognize revenue for recurring revenues, but these ancillary offerings typically have basic functionality that doesn’t match the needs of today’s customers that have complex use cases. ERPs tend to fall short of revenue recognition capabilities when it comes to grouping contracts by customer, contract modifications for both prospective and respective revenue treatment, and ability to account for consumption or usage-based revenue models, to name a few. Even with customization, the functionality is a duck-tape approach that tends to lead to manual workarounds. Read more about the differences in our blog.
Yes, RightRev is SOC 1 Type II and SOC 2 Type II compliant. Read more about our SOC compliance in our blog.
Tailored Pricing for Your Unique Needs
At RightRev, we believe in providing personalized solutions that perfectly match your business requirements. That’s why we don’t offer one-size-fits-all pricing plans on our website.
Why Our Pricing Is Customized
Our pricing is thoughtfully structured based on three key factors:
- Use Case Complexity: We consider the specific use cases and goals of your business.
- Advanced Features: Your pricing reflects only the advanced features you need, ensuring you don’t pay for unnecessary extras.
- Revenue Processed: We match our pricing to align with the power required to process your revenue in our system.
To provide you with the most accurate and competitive pricing, we prefer to understand your unique situation first. This approach allows us to offer a solution that’s not just cost-effective, but also perfectly tailored so that you get the most out of a revenue solution.