DATASHEET
Intelligent Revenue Management Automated, Accurate, Auditable
BillingPlatform Revenue Recognition
Companies embracing subscription models, usage-based billing or various types of multi-element arrangements have realized the business value in recurring revenue. Primary advantages in recurring revenue include establishing predictable revenue streams, which improve financial forecasting, providing better data for management decision-making and increasing investor and shareholder confidence. While predictable revenue streams offer advantages, the rise in recurring and subscription services has added complexities in managing the quote-to-cash process. Companies moving from simple, one-time sales, serving a small number of customers with straightforward billing models, to handling hundreds or thousands of customers while bundling physical and digital products with services quickly learn revenue can become unmanageable.
Only BillingPlatform Revenue Recognition offers automated, accurate and auditable revenue management
Automated
Move beyond manual processes and automate revenue recognition to handle growth and business model complexity.
Accurate
Monitor, reconcile, allocate and recognize revenue for any pricing model, billing approach or promotional offer.
Auditable
Stay on top of evolving standards and industry mandate with revenue recognition built for ASC 606 & IFRS 15 compliance.