search icon

Boost business precision with smart revenue recognition software

Revenue recognition software simplifies complex revenue reporting and automates compliance with accounting standards such as ASC 606/IFRS 15. Streamline sales tracking, accelerate financial close, and gain real-time insights.
""

How software for revenue recognition can help your financial growth

Tired of manual revenue calculations? Revenue recognition software allows companies to organize revenue streams, standardize reporting and forecasting in a cost-effective way, and all while reducing human errors.

""

Stay compliant with accounting standards

Revenue reporting can quickly get out of hand if your company has multiple revenue streams and pricing models. Our revenue recognition solutions calculate and schedule revenue recognition in a transparent manner, ensuring that transactions are recorded in accordance with accounting standards such as ASC 606 and IFRS 15 regulations.

Reduce admin with efficient, precise automation

Manual tracking and calculation of revenues is both time-consuming and error-prone. Revenue recognition software automates recognition calculations and scheduling, regulatory compliance, and daily tasks. You can remove the complexity and frustration while providing a clear audit trail to streamline account reviews.
""

Gain financial clarity through real-time revenue insights

Forecasting revenue can be complicated, especially for SaaS businesses with subscription models. With our revenue recognition platform, your accounting team can get real-time visibility into revenue schedules to create accurate forecasts and make informed business decisions.

Simplify complex revenue management

Managing complex revenue accounting and contract changes that affect your financials puts a strain on your team. Revenue recognition software saves you hours of painstaking processes, automating multiple revenue streams across the customer lifecycle.  You can now help your team stay up-to-date with centralized data and recognize revenue with ease using standardized templates and schedules.
""

Revenue recognition software features

Don’t let complex contracts and subscriptions delay your auditing. Simplify revenue recognition for software companies and traditional firms alike.

Easy contract changes

Manage changing requirements smarter with instant revenue recognition updates.

Out-the-box functionality

Set up revenue recognition software fast, easily adopting billing rules, and integrating your software with general ledger.

Faster order-to-cash cycle

Get instant reconciliations and an accurate flow of customer, contract, and order data.

Deliver insights fast

Compile reports and provide forecasts with a platform that automatically updates your preferred key indicators.

Explore our revenue recognition solutions

Elevate your company's growth using our intelligent, automated, and compliant revenue recognition solutions, designed for businesses of any size.
 Sage Intacct icon

Sage Intacct

The smart cloud accounting and ERP solution to unleash the potential of your business. Learn why industry leaders choose Sage Intacct.

 

Discover Sage Intacct

 

Across all industries, Sage Intacct customers achieve an average of:

  • 250% ROI
  • 6 months payback
  • 79% close time reduction
  • 65% productivity improvement

Rated #1 in customer satisfaction by G2.

Sage 50cloud

Sage 50

Spend less time on admin to gain greater clarity on business performance with the #1 rated accounting software for small business.*

 

Discover Sage 50

 

  • Cash flow and invoicing
  • Payments and banking
  • Expense management and job costing
  • Advanced inventory management
  • Advanced reporting and audit trails
  • Payroll-ready

* Rated the best accounting software for small and medium businesses (SMBs) by The Blueprint, a Motley Fool service.

Sage Intacct’s revenue recognition solution lets us keep everything centralized, even though we’re managing fairly complex, multi-subscription contracts on annual or quarterly billing schedules. The system does a good job of handling different revenue recognition templates for each subscription type—improving our whole order-to-cash process and increasing the accuracy of our financial data. Now, when our sales team closes a deal in Salesforce, order details are automatically added to Sage Intacct, my team validates the revenue schedule and then generates an invoice in just five minutes.

Brett Belcastro
Revenue Controller, Acquia

Software for revenue recognition FAQs

Revenue recognition is the process of ensuring that revenue is recognized when the obligation to the customer is fulfilled. For mid-sized and Software as a Service (SaaS) companies with recurring revenue or blended revenue models, getting this right is complicated, and inaccuracies can lead to compliance issues, possibly incurring fines, and even spooking investors. Companies must ensure that they register revenue according to the correct accounting standards, which keeps their finances healthy and transparent and prevents business planning errors. The process also helps companies manage the complexity of receiving multiple revenue streams, particularly when each one is subject to different rules or modalities.
Revenue recognition software solutions automate the revenue recognition process, ensuring compliance with accounting standards like ASC 606 and IFRS 15, and providing accurate financial reporting. The software also considers complex rules surrounding the relationship with each client, performs calculations on that basis, and generates reports that commercial managers need to plan ahead. It is particularly useful for companies with non-traditional revenue streams, such as online subscription services that charge in terms of the number of users or the number of modules requested, among other variables.

When looking for a system to automate revenue recognition, there are a few things to consider, especially for a SaaS provider or a mid-sized business.

  • Flexibility: Does it support your revenue models both today and those anticipated in the future? (recurring revenue, one-time, project-based, usage, etc.)
  • User-friendly: How quickly can it become part of your work routine?
  • Compliance: Does it automatically update to new accounting standards?
  • Integrations: Does it work seamlessly with existing accounting and ERP systems?
  • Efficiency: Does it minimize manual data entry and reduce errors?
  • Scalability: Can it adapt as your business adds new products or services?

Get practical advice about revenue recognition

Efficient Grantmaking Process Workflows: A Path to Impactful Giving

Efficient Grantmaking Process Workflows: A Path to Impactful Giving

Discover the key steps to an effective grantmaking process.

Read more
Read more
How will AI impact the future of SaaS finance?

How will AI impact the future of SaaS finance?

AI has been making huge strides. If you want to know where AI in SaaS finance is heading and how it’s changing the game for CFOs, this post is for you.

Read more
Read more
The break even point: analysis and formula

The break even point: analysis and formula

Knowing your break even point will help you understand when your business will be profitable. You'll know whether you need to cut costs or increase prices.

Read more
Read more
Why should you innovate?

Why should you innovate?

Delve into the ‘why’ behind innovation in this insightful part of the masterclass, and discover the secrets of innovation’s impact on business success.

Read more
Read more
Changing the way you operate in finance

Changing the way you operate in finance

Transform your finance operations and optimize your financial processes with expert and practical insights from a financial innovation specialist.

Read more
Read more
The changing role of the CFO: your next steps

The changing role of the CFO: your next steps

Explore the evolving role of the CFO and chart your course forwards. Discover actionable steps to navigate the changing landscape of finance leadership

Read more
Read more
Boost your restaurant profits with smart off-premises dining strategies

Boost your restaurant profits with smart off-premises dining strategies

Discover how off-premises dining is the secret ingredient that keeps your restaurant thriving

Read more
Read more
Dashboards for Nonprofits – 5 Examples to Inspire You

Dashboards for Nonprofits – 5 Examples to Inspire You

Imagine a dashboard as the control center of your nonprofit organization—a place where all of your key metrics, data, and insights come together in one visually appealing interface. It is like having all the dials and gauges you need to monitor your organization’s performance in real-time at your fingertips. In this article, we will explain […]

Read more
Read more

Want to know more about our revenue recognition solutions?

If you are interested in learning more about our revenue recognition management software, please let us know and we will be in contact.

""