Posts

What Makes SaaS Software Such a Special Application

Image
Also known as Software as a Service, SaaS is basically a service, which is cloud based. What makes this software so special is the fact that there is no need to download the software into the PC or any other business network, in order to execute and update it. This application can be accessed through the internet, using a browser. As far as the software application is concerned, it can range anything between unified communication to office applications. Besides, there are different other types of business apps which are also available. One of the most striking features of this application is that it comes with revenue recognition software . This has proven to be very useful when it comes to automating a very important aspect of the accounting process and at the same time, ensure that more accurate results could be generated in a more efficient manner. Advantage of SaaS Software As far as advantages of SaaS software is concerned, there are quite a few. Here is a brief insight into...
Post a Comment
Read more

RevLock – The Best Revenue Recognition Software Available

Image
Also known as revenue rec or rev rec; revenue recognition is nothing but an accounting principle and a mechanism which is used for the purpose of reporting revenues. It is done by recognizing the values of a   transaction, in terms of money or a contract; over a certain period of time, as the earned in form of revenue. This is a very complicated process and lots of factors come into play while recognizing the exact value. However, things have been made easier; thanks to Revlock; a company which has come up with a revenue recognition software , which helps in the process of automated revenue generation. Whether it is about calculating the ARR or MRR ; this software comes with all the features which makes the process extremely easy and most importantly; automated. It offers a user friendly platform to work on. What are the Feature of this Software? Here is a brief insight into some of the key features of this software that have made it special. ·     ...
Post a Comment
Read more

5 Step Process of Revenue Recognition Model: Things to Know

Revenue is the most critical indicator of how the company performs, but complicated contracts and flexible buying choices can make it very difficult to control revenue. The moment cash arrives from a customer in your bank account, it can be very tempting to refresh your sales line with all that sweet, sweet cash in your accounts immediately. But cash isn't sales and it may be disastrous for your company to treat them the same. You may get cash up front but you're not getting money until you receive it. Before then, it's a liability — money your client will apply for back at any point if you don't offer the service. If you spent their money but did not deliver their service, it will spell the end of your Saas Metrics quickly. This is the concept of revenue recognition software and for every SaaS founder to understand it is absolutely critical. Recognition of new revenue model The Contract Revenue Guidelines for Customers establish a 5-phase process for the re...
Post a Comment
Read more