search icon

Revenue recognition software for audit-ready financials

Revenue recognition software simplifies complex revenue reporting and automates compliance with accounting standards such as ASC 606/IFRS 15. Streamline sales tracking, accelerate financial close, and gain real-time insights.
Explore our revenue recognition solutions
""

Revenue recognition software that streamlines compliance

Don’t let complex contracts and subscriptions delay auditing. Simplify and automate your financial processes with revenue recognition solutions built for software companies and traditional firms.

Template-based recognition

Set up templates for contract schedules, including straight-line and milestone-based recognition.

Automate recognition scheduling

Use customizable templates and automation to generate revenue recognition schedules based on your rules.

Customizable revenue schedules

Easily modify revenue recognition schedules for individual customers, contracts, or transactions as needed.

User-based recognition

Integrate revenue recognition with billing to capture usage data and adjust based on usage patterns.

Generate audit trail reports in seconds

Receive reports on key changes. Advanced audit trails track access to personal data in contacts, customers, or vendors.

Adaptable expense amortization

See all recognized and unrecognized expenses at contract or line level. Expense data updates as contracts change.

Speedy quote-to-cash cycle

Get real-time updates on usage, renewal, upgrade, discount, and cancellation subscription metrics.

How a revenue recognition platform can help your financial growth

Tired of manual revenue calculations? Revenue recognition software allows you to organize revenue streams, standardize reporting and forecasting in a cost-effective way, all while reducing human errors.

Ensure GAAP compliance

Revenue reporting can quickly get out of hand if your company has multiple revenue streams and pricing models. Our revenue recognition software automates the process, minimizing manual calculations and errors, while ensuring compliance with accounting standards like ASC 606 and IFRS 15.
""

Advanced revenue management

Ease the strain of complex revenue accounting with our revenue recognition platform. Capture all orders in one contract with multi-element arrangements to support various business models. Keep everyone up-to-date with automated cancellations, hold/resume, and renewals.
""

Integrated revenue workflows

Get a single source of truth for revenue, billing, and financials with our flexible revenue recognition tool. Easily capture and edit your contracts in sales without third-party software. Immediate access to billing and revenue also eliminates time-consuming reconciliations.

Effortless reporting for instant financial insights

Have instant access to churn, CLV, CMRR, cash, and CAC with our powerful SaaS revenue recognition software. Track revenue seamlessly in one streamlined dashboard with data and reporting options for unbilled, billed, and paid balances.

Real-time revenue forecasting

Empower your accounting team to define custom schedules and automate revenue forecasting with our revenue recognition software. Actionable, real-time data makes it easy to proactively make decisions and drive results for your business.
""

Explore our revenue recognition solutions

Discover the perfect revenue recognition software for your business, with intuitive features suited to companies of all sizes.
Sage Intacct

Sage Intacct <font class="text-highlight-ai" style="white-space: nowrap;">with Ai</font>

The smart cloud accounting and ERP solution to unleash the potential of your business. Learn why industry leaders choose Sage Intacct.

 

Discover Sage Intacct

 

Across all industries, Sage Intacct customers achieve an average of:

  • 250% ROI
  • 6 months payback
  • 79% close time reduction
  • 65% productivity improvement

Rated #1 in customer satisfaction by G2.

Sage 50cloud

Sage 50

A powerful desktop accounting software with cloud-connected capabilities. Spend less time on admin to gain greater clarity on business performance with the #1 rated accounting software for small business.*

 

Discover Sage 50

 

  • Cash flow and invoicing
  • Payments and banking
  • Expense management and job costing
  • Advanced inventory management
  • Advanced reporting and audit trails
  • Payroll-ready

* Rated the best accounting software for small and medium businesses (SMBs) by The Blueprint, a Motley Fool service.

Sage Intacct’s revenue recognition solution lets us keep everything centralized, even though we’re managing fairly complex, multi-subscription contracts on annual or quarterly billing schedules. The system does a good job of handling different revenue recognition templates for each subscription type—improving our whole order-to-cash process and increasing the accuracy of our financial data. Now, when our sales team closes a deal in Salesforce, order details are automatically added to Sage Intacct, my team validates the revenue schedule and then generates an invoice in just five minutes.

Brett Belcastro
Revenue Controller, Acquia

Revenue recognition software FAQs

Revenue recognition software solutions automate the revenue recognition process, ensuring compliance with accounting standards like ASC 606 and IFRS 15, and providing accurate financial reporting. The software also considers complex rules surrounding the relationship with each client, performs calculations on that basis, and generates reports that commercial managers need to plan ahead. It is particularly useful for companies with non-traditional revenue streams, such as online subscription services that charge in terms of the number of users or the number of modules requested, among other variables.

When looking for a system to automate revenue recognition, there are a few things to consider, especially for a SaaS provider or a mid-sized business.

  • Flexibility: Does it support your revenue models both today and those anticipated in the future? (recurring revenue, one-time, project-based, usage, etc.)
  • User-friendly: How quickly can it become part of your work routine?
  • Compliance: Does it automatically update to new accounting standards?
  • Integrations: Does it work seamlessly with existing accounting and ERP systems?
  • Efficiency: Does it minimize manual data entry and reduce errors?
  • Scalability: Can it adapt as your business adds new products or services?

Yes, revenue recognition software can integrate with a variety of systems to streamline workflows and ensure accurate, compliant revenue reporting. Common integrations include CRM systems like Salesforce and HubSpot for capturing contract and customer data, billing systems for tracking invoicing and payments, and ERP platforms for aligning financial operations.

Revenue recognition software can also typically connect with subscription management tools and project management systems to support different revenue models, such as usage-based billing or milestone tracking. These integrations help automate processes and maintain consistency across financial data.

Sage Intacct, for example, integrates seamlessly with both Salesforces and HubSpot, as well various billing systems, supporting over 600 billing scenarios.

Get practical advice about revenue recognition

What is a purchase order (PO) and how is it used?

What is a purchase order (PO) and how is it used?

Learn what a purchase order is, how it works in the procure-to-pay process, what it should include, and the main types your business needs to know.

Read more
Read more
What is order management? 

What is order management? 

What is order management and how can you use this process to optimize your workflow and boost customer satisfaction? Learn more from the experts at Sage.

Read more
Read more
Supply chain KPIs: The 10 metrics that matter most for your business

Supply chain KPIs: The 10 metrics that matter most for your business

Supply chain KPIs are metrics that show how well your operations are running. Learn the 10 most important ones and how to start tracking them.

Read more
Read more
What is the Order to Cash process?

What is the Order to Cash process?

Order to cash (O2C) is the end-to-end process from customer order to payment received. Learn the key steps, KPIs, and how to optimize your O2C cycle.

Read more
Read more
What is an order management system?

What is an order management system?

Discover how an order management system streamlines your order life cycle, improves supply chain visibility, and strengthens operational oversight.

Read more
Read more
What is supply chain integration and why does it matter?

What is supply chain integration and why does it matter?

An integrated supply chain connects every partner and process in one system. Learn the benefits and how to build one for your business.

Read more
Read more
What is supply chain disruption and how do you manage it?

What is supply chain disruption and how do you manage it?

Supply chain disruption occurs when unexpected events disrupt the flow of goods or materials. Learn disruption causes and how to reduce risk.

Read more
Read more
Order processing explained: Steps, systems and best practices

Order processing explained: Steps, systems and best practices

Learn how an order processing system works from order capture to delivery and how to improve the efficiency of your supply chain management.

Read more
Read more

Want to know more about our revenue recognition software?

If you are interested in learning more about our revenue recognition solutions, please let us know and we will be in contact.

Request a call back
""