Automate Revenue Recognition with Unmatched Accuracy and Speed

RightRev does the hard work for you, simplifying your rev rec so your accounting team is a growth driver instead of a cost center.

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Designed for any revenue model

RightRev seamlessly ingests data from your upstream systems to automate revenue recognition — whether tied to bookings, billings, delivery, milestones, or user-defined events. Revenue can be recognized ratably or at a point in time, with no need for heavy customization, complex data transformations, or custom scripting.

Our flexible solution is designed for mid-size and enterprise businesses, built to efficiently handle high volumes of revenue data and complex contract changes.

Take control of your revenue…the right way

Achieve accuracy and ASC 606 / IFRS 15 compliance with unmatched speed and scalability.

  • Accurate Revenue Insights

    Revenue is the most important number on your financial statements…and it has to be right! Eliminate error-prone processes, align sales and accounting rev rec data, and have confidence in your revenue reporting by fully automating revenue recognition.

     

  • Close Your Books Faster

    By generating 160+ revenue metric points as transactions occur, you don’t have to wait until month-end to start the reporting and reconciliation process. Generate journal entries instantaneously as revenue contract changes are made, making your close process more efficient and creating real-time revenue visibility.

  • Unlimited Scalability

    Unlock new opportunities. RightRev is built to handle your needs today while future-proofing your business for tomorrow’s growth. RightRev can match your data volume needs without missing a beat.

How We Stand Out

Connect any source

Ingest contract data from any source. RightRev will capture the relevant data into our revenue recognition engine and begin processing revenue calculations based on pre-built revenue rules and triggers.

integration icons

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.

     

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  • Contract Modifications

    Automatically group amendments and recalculate revenue without manual intervention.

     

    contract modifications screenshot

    Check out how Contract Modifications work

  • SSP icon

    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 Entry Icon

    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.

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Don’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 have proven to be manual and complex tasks to perform.”

Alex Amaya
Senior M&A and Strategic Projects Accounting Manager at epicor
LinkedIn

“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 at Drata

“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, Accounting Policy at Docebo
LinkedIn

“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 at epicor
LinkedIn

“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 at Drata

“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, Accounting Policy at Docebo
LinkedIn

“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 at epicor
LinkedIn

“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 at Drata

“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, Accounting Policy at Docebo
LinkedIn

FAQ’s

As per ASC 606 compliance, the five steps of revenue recognition are:

  1. Identify the contract with the customer
  2. Identify the performance obligations (promises) in the contract
  3. Determine the transaction price
  4. Allocate the transaction price to the performance obligations in the contract
  5. 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:

  1. Use Case Complexity: We consider the specific use cases and goals of your business.
  2. Advanced Features: Your pricing reflects only the advanced features you need, ensuring you don’t pay for unnecessary extras.
  3. 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.

The future of accounting is automated. Will you be ready?

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