Automated
Revenue management can no longer live in spreadsheets
BillingPlatform’s Revenue Recognition solution manages subscription and usage transaction complexity with a powerful rule-based engine to automate the revenue scheduling process. From multi-element revenue allocation, standalone selling price (SSP) and complex compliance requirements, you can automatically allocate transactions to specific general ledger (GL) accounts then specify how and when revenue will be recognized.
Automate revenue scheduling for proper recognition:
Create bundled arrangements
Determine SSP based on powerful formula-based calculations
Update changes to a contract’s transaction price from the estimation process
Allocate transaction price to performance obligations
Configure business logic for booking revenue journal entries to the GL
Automate revenue reporting across all products and services—from subscriptions and usage-based billing models to one-time sales, services, training, promotions and more.
Key Takeaway
Contracts with multiple performance obligations delivered at different points in time require special treatment, as revenue recognition depends on how and when each component is delivered. BillingPlatform was built to handle complex contractual relationships. With the ability to design and automate revenue workflows from sales orders to revenue recognition all on a configurable and scalable platform, you can solve complex use cases and recognize revenue for new business models with point and click configurability.