RevLock – The Best Revenue Recognition Software Available

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.

Revenue Recognition Software

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.

·         SAAS:  This is one of the most striking features of this software. It is a cloud based application, and offers complete SAAS Metrics.

·         Automatic Revenue Recognition: With the help of this software, it has now become possible for the companies to collect data automatically from the systems. It don’t cause any sort of disruption to the present business operation. Besides, it is also capable of automatically calculating revenue recognition by adhering to the proper accounting practices.

·         Offers a Clear Picture about the Business: This particular software has proven to be very useful when it comes to capturing the entire picture of  business. It comes with a planning module which allow the users to estimate and at the same time, capture revenue in an accurate manner.

·         Sophisticated Accounting:  This software allows a very clear and vivid picture on every single step of the accounting process. It facilitates the process of manual entries or CRM. Besides, this software also comes with features which help you in dealing with different types of complex arrangement, commission claw backs, SSP configuration, material rights and others.

·         Offers a Unique Platform: This software offers a unique and highly sophisticated platform which allow the users to collect information which are stored in different systems and other departments. This software is capable of collecting the data and then analyzing it to make sure that proper and accurate figure could be derived.

Revenue Recognition Software

When it comes to SaaS revenue recognition, Revlock has proven to be very effective. It has the capability to get hold of all the essential data from different systems and make sure that they are being optimally used to arrive at the right figure. It can be used along with ASC 606 software, in order to get more accurate and precise results.

This software has become very popular over a very short period of time, and is being used by many companies. 

 

 

 

 

 

 

 


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