Data Driven Rules Engine
Customizable rules, advanced revenue recognition protocols, and configurable dashboards to meet your company’s revenue reporting needs
ASC 606 / IFRS15 Compliance
Everything you need to be in compliance with the latest accounting standards and to automate your use cases. Rest assured the calculations are complete, accurate, and auditable. Give your users complete visibility into your transactions, their rev rec calculations, and any exceptions-- empowering them to seamlessly own the revenue accounting process and quickly address and reconcile items
Continuous Revenue Recognition
Seamless connectivity with your existing QTC applications, providing one central location for the entirety of your revenue management needs. No more monthly revenue processing and periodic reporting--our embedded rules engine will continuously process your transactions and calculate revenue, giving you real-time visibility into the business at all times.
Our Features
Revenue Contracts
Configurable rules to group performance obligations, products, services, subscriptions, orders and billings into revenue contracts for accurate revenue calculations
POB Management
Identify performance obligations within revenue contracts and assign proper revenue rules that apply the appropriate revenue treatment for each separate performance obligation in a single revenue contract
Explode Bundle Products
Marketing bundles can be exploded to separate, but distinct performance obligations
Contract Amendments
Calculate and account for revenue when different contract amendments happen. RightRev’s intelligent rules engine can handle the most common types of contract changes
SSP Calculator
Calculate all the SSP values by analyzing historical transactions with the click of a button. RightRev’s configurable calculator allows you to slice and dice your data to arrive at your products’ SSPs
Event Based Revenue Recognition
You are not limited to release revenue only by bookings or billings. You can set up unlimited events based on your needs. For example, deferred revenue release can be triggered by events such as product delivery, milestones completed, percentage of completion, provisioning, etc.
GAAP Reporting
Out of the box reports to fulfill your reporting requirements, plus hundreds of pre-calculated metrics to enable ad-hoc reporting and dashboards
Revenue Forecasting
Revenue contract metrics for recognized, planned, and unplanned revenue. Revenue waterfall reports show booked revenue as well as projected deferred revenue.
Ready to empower your team with a more capable revenue recognition software? Get in touch with our sales team today and learn why RightRev is trusted by leading subscription, software, hardware, and service providers worldwide.
Get a customized demo for your specific rev rec needs today!