RightRev

RightRev aims to enable businesses to automate revenue recognition for compliance with the latest accounting requirements such as ASC 606 and IFRS 15.

Flexibility is key to staying competitive in ever-changing global markets. RightRev states their goal is to keep pace with the user's business, offering 360° support for subscription, software, hardware, and service-based companies alike. They further state that their system is built for scalability and their product roadmap targets them towards becoming an innovative and leading revenue recognition software company.

Features:

Revenue Contract Creation

Performance Obligation Identification

Explode Bundle Products

SSP Allocation and Transaction price calculation

GAAP Reporting

POB Management

Contract Amendments and Modifications

Event-Based Revenue Recognition

Opportunity Forecast

Revenue Waterfall

ERP Integration for syncing Journal Entries

Accommodates Multiple Legal Entities