Best Revenue Recognition Software of 2024

The industry's best solution to monetize your subscription service and manage it. Your current systems are holding you back. Finance teams are drowning under spreadsheets. Backlogged developers are common. Zuora makes it simple to manage subscriptions and keep track of rapidly changing go-to market strategies using one platform. You can speed up billing for large invoice volumes without losing sight of the details. You can group customers together and create automated billing schedules and rules to suit each group. Billing is affected whenever a customer changes, upgrades, or downgrades a subscription. The Rating Engine from the Zuora Central Platform automatically handles these prorations. Integrate with a third-party tax solution or Zuora's tax engine to pull real-time tax calculations on every invoice.

Use the easy connect and bulk data loading process to create and verify your revenue and costs schedules. Download and work with new invoices easily. You can create flexible recognition schedules by combining recognition cadence parameters and per-period computation methods. With one click, you can instantly view the most recent revenue and costs on your income statement. You can quickly review the recognition schedules and drill into the buildup elements. You can track changes like cancellations and handle them with complete traceability. Flowrev is an online cost and revenue recognition and lifecycle management program that can be used with popular online accounting software. Flowrev is an addition to the outstanding value these systems provide. It allows businesses to recognize their prepaid expenses and unearned revenues on the service date or over a time period, even if they pay an invoice upfront or later.

Ordway is a smart bill and revenue automation platform that scales businesses. It simplifies the way companies price products, send invoices and collect payments. It also recognizes revenue. The cloud-based platform was designed for small businesses. It eliminates manual workarounds in revenue recognition and accounts receivable functions. It sits between an accounting system and an application/CRM. Flexible templates allow the platform to deal with a wide range of customers, including multiple contracts, unique contact terms, and multiple charges. The platform generates accurate revenue schedules. Finance teams can also create custom revenue recognition templates. Automated billing runs send monthly invoices that include all active and newly activated customers. Integration with existing systems can be achieved with minimal impact on engineering teams by using REST API-first technology.

Finance can be made a team practice. Metric.ai is your single source of truth for all financial data. You can set project budgets, calculate costs, recognize revenue, and do so with complete confidence. Get a current view of profit, utilization and effective bill rates. Discover over 100 service-specific KPIs to help you make better decisions. To reflect the organization structure, categorize employees and projects into roles, offices, departments, and other categories. You can create more accurate forecasts by combining key metrics such as revenue recognition, multicurrency, financial closes, and historical change into one place. Increase predictability in your planning process. Get alerted about potential risks and gain actionable insights into why actuals differ from forecasts. Based on project and resource plans, plan revenue, costs, and profit. Changes can be accounted for in real-time.

Trullion is an AI accounting oversight platform that automates data management, streamlines audits, and ensures accurate reporting across accounting workflows. Trullion leverages the best data infrastructure and AI models into a single source of accounting truth that also offers specialized modules for key accounting roles. Teams in areas like lease accounting, revenue recognition, and auditing can access the platform using a tailored UI while maintaining 100% confidence that their data is accurate and uniform across all relevant stakeholders. Using Trullion, accounting teams automate tedious manual work—reading contracts, recording terms, collecting data for audits, verifying the accuracy of their numbers, and reporting. Trullion reads Excel or PDF-based contracts and converts them into financial workflows that are connected to the data source. AI automatically detects and extracts important data from these agreements, and creates auditable journal entries. Accounting teams and auditors work faster with confidence, finance executives trust the results, and everyone operates from a single source of truth with Trullion.

Tribridge Revenue Recognition, a global platform for financial management, allows you to efficiently and accurately manage complex contracts and revenue recognition. Tribridge Revenue Recognition allows users automate end to end functions for revenue recognition management. This empowers groups to increase their efficiency and business growth. Tribridge Revenue Recognition is flexible, configurable, reliable, and flexible with a private cloud.

The deal management module captures and processes agreement terms, creates approval workflows and allows for contract amendments. It also creates a history trail and audit trail. The rights management module allows for deal search, deal creation, IP rights hierarchies and advances and guarantees, payment schedules and royalty rates, as well as collision checking/rights clearance/holes analyses. The royalty management module processes sales and usage data, calculates and validates royalties in and out, allows for deductions/recoupments, handles violations, enables analytics, and generates royalty statements. Finance management module allows you to manage revenue recognition, accruals, expense management, a robust accountant engine, accounting sub-ledger and bi-directional ERP integrations with financial systems.

Cloud-based, integrated platform suite that enhances your content management and delivery experience. One platform allows you to integrate, deliver, manage, and control professional and scholarly content. Flexible order management for subscriptions or products. Cash management services can automate and streamline your business processes. Easy bundling allows the customer to mix and match any component they choose. Advanced renewal feature allows users to renew themselves through self-serve. Simplified revenue recognition and accounting interfaces. Integrated usage analytics platform that allows you to make better decisions. Flexible subscription fulfillment will optimize your subscription lifecycle events. Empower users to manage, render and deliver content across multiple channels. Publishers and librarians can access and analyze content usage analytics dynamically.

If revenue recognition problems are a problem in your company, you're at the right place. Tensoft Revenue Lens®, can help you with your revenue recognition issues. Tensoft Revenue Lens was chosen by OrthoFi, a tech-enabled service for orthodontic practices, to help them manage their complex revenue recognition requirements. Watch the case study video to see how Tensoft Revenue Lens helped them meet their growing needs. It also made their difficult audits painless. Tensoft Revenue Lens explains how it applies the new 'five step model' for ASC 606 revenue recognition standard and IFRS 15.

The Leapfin Revenue Platform allows you to increase accuracy, eliminate manual processes and gain instant visibility into your GAAP revenues numbers. Are you frustrated by the endless building that is never finished? Implementing ERP extensions and custom builds will save you time and money. You should be focusing on your company's growth by introducing new products, countries and business models. Your shoulders are responsible for IPO readiness, company growth, and audits. If you don't know your revenue, all of this is almost impossible. Don't sweat your next Board meeting. With on-demand visibility, you can avoid second-guessing yourself in your decisions. It is difficult to ensure accurate revenue numbers, and the volume of data makes it even more difficult. Communicate your revenue numbers with confidence to executives and auditors. Did you know that there is a pre-built, scalable, and flexible solution? The answer lies in a unified revenue subledger and financial data platform.

MaxQ Technologies' Advanced Revenue Management Suite, a collection modules, is designed to improve your cash flow, billing accuracy and customer satisfaction. This suite integrates with Acumatica and offers flexibility, automation, and more. Advanced Billing by ARM is the most flexible and powerful bill system available. It includes automated invoice creation, proration, metered bills, and many other features. Analyze all aspects of your billing and payments, including renewal rates, churn and MRR, average contract values, product analysis, lost clients, and more. Advanced Payments by ARM allows for payment automation that supports multiple payment options, currencies, processors, and more.

FUNDINGO Loan Servicing software allows you to work more efficiently and have more control. Reduce paperwork, manual processing and poor oversight. Facilitate better renewal processes and don’t allow recurring deals to slip by the cracks. All the information you need to set up a loan and make it available for servicing is automatically transferred from underwriting. You can keep track of all deals that are available for renewal with automatic notifications and in-depth deal tracking. You can easily renew your deals terms based upon past performance with pricing options. Fundingo Loan Servicing software simplifies the complicated aspects of loan servicing. Automate fees, manage disbursements and create revenue recognition options.

Real-time reports that include all revenue streams will make your data actionable and transform it from inaccessible to actionable. Subscription Billing Suite provides a powerful engine to manage complex pricing and billing models. It is a proven way to make better business decisions. Automated billing and evergreen renewals allow you to take complete control of your billing per item or contract. Flexible pricing structures allow you to discover new revenue streams that will suit your business needs. Intelligent deferral schedules can streamline your revenue recognition process and reduce your dependence on manual processes that are time-consuming and often error-prone. With comprehensive and accurate deferrals management, you can simplify revenue recognition and improve the performance of your accounting team.

VX is the most powerful media commerce engine. VX makes it easy to set up and manage your business, whether you're selling memberships or using a hard- or metered paywall. You can present, settle, and report in multiple languages and countries. Respect data privacy and governance regulations in the US and EU. You can easily create products and gifts, refer deals, set pricing, apply promotions, and trial periods. All of this is done without IT intervention. Accept credit cards, PayPal and Apple Pay. Taxes or VAT can be charged where appropriate. Access revenue recognition reporting, detailed transaction logs and tax reports. You can manage access across all properties, including granting access to websites to your print subscribers and synchronizing entitlements across apps, websites, TV anywhere devices, and apps.

Project-based organizations are subject to a variety of additional accounting and financial reporting requirements. These are not only from within, but also from a more complex regulatory framework. Project accounting is often required to cross organizational and geographical boundaries. Matrix management also requires flexible project reporting. Projects that last from a few weeks or months to several years can add complexity. Budgets may need to be revised multiple times. Project accounting is further complicated by regulatory compliance and the need to recognize revenue transparently. This is where the challenge lies: to meet all these requirements using a single accounting system with minimal administrative overhead and maximum flexibility.

Our Content Value Management™ platform allows you to centralize and scale core content distribution processes, increasing visibility, efficiency, profitability, and visibility. Streamline, improve, and inform every step of your content distribution journey. You can easily manage the distribution of avails across hundreds of global customers. You can get more deals, take advantage of more opportunities, and maximize licensing deals. Simplify revenue recognition, reconciliation, cost amortization and invoicing. A unified view of OTT performance and linear performance, including AVOD TVOD, FAST SVOD, PVOD and EST. Global content performance data can be aggregated and validated for better sales and financial reporting. BB and 1st-party consumer insights help you make better decisions. Predictive analytics can help you optimize content value by finding the best titles for each platform and territory. Crowdsourced metadata makes content more searchable and relevant.

Aptitude RevStream software is a revenue management solution. It is a secure platform that can be configured easily to automate revenue recognition. It also allows you to manage the entire revenue lifecycle strategically, providing more value than compliance. Aptitude RevStream, a highly scalable enterprise revenue management software solution, can handle large volumes of transactions, complex contracts, and business structures. It is easy to configure, giving the finance department full control over performance obligations, customer arrangements and contract modifications. This software also allows the finance office to determine standalone selling prices, manage liabilities, and manage deferred revenue.

RightRev allows businesses to seamlessly quote and sell while streamlining revenue recognition to comply with the most recent accounting requirements. RightRev is an integrated CRM system that integrates Salesforce, CPQ and subscriptions. RightRev also offers billings, billings and cash collection. RightRev provides automated revenue recognition to help manage complex revenue accounting under ASC 606 or IFRS 15. Legacy revenue recognition systems and processes are labor-intensive, inefficient and highly susceptible to error. You can get rid of outdated custom workarounds and spreadsheets. RightRev seamlessly integrates into your sales and revenue accounting processes. This provides a single platform for sales operations, revenue reporting, and revenue reporting across all products, including subscriptions, one-time sales, training, promotions, and other services. Our revenue recognition platform is built using the best-of-breed technology and can scale to meet your volume or workload requirements.

Stripe Revenue Recognition simplifies accrual accounting, so you can close your books quickly. To simplify compliance with IFRS 15, and ASC 606 revenue recognition standards, automate and configure revenue reports. Accounting for revenue can quickly become complicated and error-prone as your business grows. Stripe has a revenue recognition solution that automates accrual accounting for transactions and billing terms. Stripe Revenue Recognition handles complex situations, including upgrades, downgrades and prorations, refunds, disputes, and other scenarios. You can create audit-ready financial statements with accurate data and get a complete view of your business. You can view all Stripe transactions and terms automatically. You can also import non-Stripe data directly from the dashboard. You can generate ready-to-use accounting reports. There is no need to invest in engineering resources.

Transform business logic into AI powered workflows to focus on strategy instead of spreadsheets. Streamline transactions across siloed system and extend your abilities to manage entire transaction chains. Nominal normalizes, aggregates and consolidates data from siloed systems to ensure accurate financial information in one place. Nominal detects and suggests end-to-end transactions, as well as inter-company eliminations, for cleaner, auditable books. Nominal connects with your accounting software as well as the rest of your financial stack. Nominal's twin ledger is a hierarchical, multi-entity GL, which is always in sync, without migration or risk, with all your books. Nominal offers integrations with third-party systems and integrated sub-ledgers that ensure compliance with accounting standards, such as lease accounting or revenue recognition. Use generative AI to automate your unique business processes.

Muvi Billing, an enterprise-grade Recurring Billing platform and Subscription Management platform, is designed for digital store owners. It allows them to manage subscriptions and complex billing cycles, invoicing and collection. Muvi Billing is PCI compliant. It complies with all data protection laws in the digital payment industry.