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.
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.
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.
Contract Modifications
Automatically group amendments and recalculate revenue without manual intervention.
Check out how Contract Modifications work
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 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.
Watch a demo here https://www.rightrev.com/watch-a-demo-standalone/
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