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What is RightRev?

RightRev empowers organizations to seamlessly create quotes and execute sales while improving revenue recognition to comply with modern accounting regulations. Working in tandem with Salesforce’s extensive ecosystem, which encompasses integrated CRM, CPQ, subscriptions, orders, billing, and cash collection, RightRev enhances these functions through automated revenue recognition specifically designed to navigate the intricacies of revenue accounting in alignment with ASC 606 and IFRS 15. Conventional revenue recognition practices and systems often prove to be laborious, inefficient, and prone to various inaccuracies. It’s time to move past outdated spreadsheets and bespoke solutions that no longer meet your business requirements. RightRev offers a seamless integration with your sales and revenue accounting processes, providing a unified platform for sales operations and revenue analysis across a diverse range of offerings, including subscriptions, one-time purchases, services, training, promotions, and other products. Our revenue recognition solution, built with cutting-edge technology, is tailored to scale with your growing volume and workload demands while preserving both efficiency and precision. With RightRev, organizations can concentrate on expansion without the weight of complex revenue recognition issues, allowing them to thrive in an increasingly competitive environment.

What is Chargebee RevRec?

A comprehensive "source of truth" is established for the accounting analysis of customer contract data. It ensures meticulous monitoring of Deferred Revenue from a detailed perspective, offering both roll-forward and forecast views. This platform serves as an intuitive and regulated repository for Revenue Recognition principles, presented with the required specificity. The standalone selling price library (SSP) is a dynamic and easily accessible tool that includes all SSP details at the product level, seamlessly integrated with the pricing catalog. Additionally, it automates the tracking and amortization of deferred commission expenses throughout the expected contract duration. The system identifies all performance obligations while taking into account variable factors as stipulated by ASC 606. Accounting frameworks are required to maintain elevated control standards, which include stringent security protocols, user access controls, built-in balance reconciliations, and preventative strategies to guarantee both completeness and accuracy. Moreover, it enables real-time revenue reporting across multiple dimensions, levels, and time intervals, thus facilitating precise trend analysis and enabling clear communication of any variances. The framework also supports compliance efforts and audit preparedness, ensuring that all relevant standards are met effectively. In essence, this system not only enhances operational efficiency but also strengthens the integrity of financial reporting.

Media

Media

Integrations Supported

Salesforce
Amazon Web Services (AWS)
Chargebee
HubSpot CRM
HubSpot Customer Platform
Microsoft Excel
Nue
PwC Enterprise Insights
QuickBooks Online
Zoho CRM

Integrations Supported

Salesforce
Amazon Web Services (AWS)
Chargebee
HubSpot CRM
HubSpot Customer Platform
Microsoft Excel
Nue
PwC Enterprise Insights
QuickBooks Online
Zoho CRM

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

RightRev

Company Location

United States

Company Website

rightrev.com

Company Facts

Organization Name

Chargebee

Date Founded

2010

Company Location

United States

Company Website

www.chargebee.com/revenue-recognition-software/

Categories and Features

Revenue Management

Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management

Categories and Features

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