You can use RightRev to automate revenue recognition calculations under accounting standards like ASC 606 and IFRS 15. The system ingests sales data from upstream billing systems or Salesforce, calculates allocations, and distributes revenue over time or at specific milestones. It tracks contract amendments, cancellations, renewals, and complex multi-element product arrangements without manual spreadsheet work. Finance teams can model standalone selling prices, generate detailed audit trails for every accounting calculation, view revenue waterfalls, and sync journal entries directly to their general ledger or ERP.
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