Frequently Asked Questions about RightRev’s Standalone Revenue Recognition Solution
1. What is ASC 606, and how does RightRev handle it?
ASC 606 is a revenue recognition standard with five key steps. RightRev automates these steps, ensuring compliance and accurate recognition for various revenue models.
2. Can RightRev integrate with my ERP?
Yes, RightRev integrates seamlessly, allowing journal entries to flow into your General Ledger, either automatically via APIs or manually.
3. Does RightRev support usage-based models?
Absolutely. RightRev can recognize revenue for diverse usage models, including credit burn-down, minimum commitments with overages, pay-as-you-go, and more.
4. What are the key differences between RightRev and NetSuite ARM?
RightRev offers advanced capabilities for complex revenue recognition scenarios, including handling usage models, contract modifications, SSP calculation, and grouping contracts by customer. NetSuite ARM may lack some of these functionalities, leading to potential workarounds for advanced cases. For a breakdown on RightRev vs. NetSuite ARM, see our blog on How RightRev Outperforms the ERP.
5. Can RightRev handle different revenue recognition scenarios?
Yes, RightRev is designed to support a variety of revenue recognition scenarios, from subscription and usage-based models to complex contracts with multi-element arrangements. We understand that Rev Rec isn’t one-size-fits-all, so we built RightRev to serve various scenarios and business models. Our flexibility allows businesses to adapt recognition processes to specific needs, ensuring compliance and accuracy across diverse revenue types.
6. Can RightRev handle high-volume transactions?
Yes, RightRev is built to process high volumes of transactions efficiently, making it ideal for businesses with large-scale revenue operations. Its scalable architecture allows it to handle extensive data processing without compromising speed or accuracy, ensuring smooth revenue recognition even for high-growth companies.
7. How much does RightRev cost?
RightRev offers custom pricing tailored to your specific needs, based on factors like complexity and volume.
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.
8. Who does RightRev serve?
RightRev serves a diverse range of clients, including key customers in technology, the services industry, and SaaS industries. Our solution is designed for companies needing robust revenue recognition capabilities, ensuring compliance and efficiency for businesses of all sizes. Notable clients have successfully utilized RightRev to streamline their revenue processes and manage complex accounting requirements including Epicor, Snowflake, CDK Global, LogicMonitor, Datasite, LivePerson, Senske, Cockroach Labs, SC Logic, Morningstar and more.
