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CHARGEBEE RETENTION
Chargebee RevRec
Automate Revenue Recognition For Your Growing Business
See how Chargebee RevRec unburdens your finance team and propels your business
with automated, compliant revenue recognition.
The team knows ASC606 and provided expertise while we implemented the tool.
The reports are what we now reconcile to and is now our source of truth.
Don't Let Manual Finance Systems
Get In The Way Of Your Growth Goals
Chargebee RevRec unburdens your finance team and propels your business with
automated, compliant revenue recognition. So you can spend less time in manual
finance systems prone to human error and more time scaling up and enabling growth
for your business.
RULE DRIVEN REVENUE MANAGEMENT
Define And Customize Revenue Recognition Rules For Your Business
Revenue recognition can get complex when you’re dealing with
multiple performance obligations, mid-cycle subscription
changes, cancellations and premature renewals. Chargebee RevRec
lets you define simple rules so you can easily manage contract
revenue and commissions deferral and subsequent recognition or
amortization. Define and customize rules for your business, such
as:
- Stand-Alone Selling Price (SSP) Library: Allows for easy allocation of revenue to products and services synched to your price book and revenue recognition policies. This enables automated allocation of revenue and avoids time-consuming data entry.
- Revenue Recognition Rules: Identifies performance obligations for each product sold and determines how to defer and recognize revenue as the obligation is fulfilled.
- Commissions Deferral and Amortization Rules: Identifies portions of commission to be deferred over the expected life of the customers and the recognition rules governing amortization.
ACCOUNTING CENTRIC
Seamlessly Automate ASC 606 / IFRS-15 Compliance
A financial misstatement can be costly and detrimental to both
you and your business. As customer contracts are identified,
Chargebee RevRec begins an end-to-end, automated revenue
recognition workflow based on ASC 606’s and IFRS 15’s five step
model:
- Identify Contracts
- Identify Performance Obligations
- Identify Transaction Price
- Allocate Transaction Price to Obligations
- Recognize Revenue
Chargebee RevRec works to protect your business and ensure your
credibility, while keeping your revenue reports accurate and
auditable.
REVENUE SUBLEDGER
Establish A Revenue Subledger
How much confidence does a spreadsheet instill in your key
stakeholders? Chargebee RevRec replaces any manual processes
with a true accounting subledger. Run closes, book entries,
track balances and more in a single system that ensures
auditability and is aligned with your accounting cycle. This
subledger enables transparency, granularity and reconciliations
so you can ensure accuracy and a clear audit trail as you grow
your business.
ADVANCED FINANCIAL REPORTING
Access Real-Time, Forward-Looking Reporting With Business Growth in Mind
Receive revenue reporting you can rely on at multiple levels
(i.e., sales order, customer), across multiple dimensions (i.e.
product line, geography, currency) and accounting periods.
RevRec consistently drives financial precision and validation
into your reports–past, present and future– so you can analyze
trends, explain changes with precision and confidently plan
strategic growth for your business. All perspectives of revenue
are at your fingertips at once–bookings, billings and revenue–so
you can build custom reports and dashboards in real-time.
