RightRev
RightRev offers automated revenue recognition software designed to handle complex revenue processes while ensuring compliance with ASC 606 and IFRS 15, providing real-time insights into revenue data. The platform employs micro-services and elastic compute technologies to efficiently manage high transaction volumes and enhance revenue reporting.
- Industry: Accounting Software
- Location: Santa Clara, California, United States
- Founded: 2020-01-01
- Total funding: 30000000
- Website: https://rightrev.com
Product & Features
- RightRev automates ASC 606 and IFRS 15 revenue recognition for compliance across various business models.
- Users can configure revenue rules for both traditional and modern revenue models within contracts.
- The software supports event-based revenue recognition, allowing for multiple recognition events beyond just bookings or billings.
- It provides standalone selling price (SSP) validation and historical analysis for accurate revenue contract calculations.
- RightRev automates contract modifications and revenue recalculations without manual intervention.
- The platform offers robust revenue reporting, including planned, unplanned, and recognized revenue metrics.
- It integrates with ERP systems to automate journal entries, enhancing financial accuracy and compliance.
- RightRev minimizes audit risks by automating revenue recognition and providing traceable revenue data.
Notable Customers
- Epicor
- Docebo
- Drata
- CAE
Integration partners
Similar Companies
Frequently Asked Questions
What is RightRev?
RightRev offers automated revenue recognition software designed to handle complex revenue processes while ensuring compliance with ASC 606 and IFRS 15, providing real-time insights into revenue data. The platform employs micro-services and elastic compute technologies to efficiently manage high…
What does RightRev do?
RightRev automates ASC 606 and IFRS 15 revenue recognition for compliance across various business models. Users can configure revenue rules for both traditional and modern revenue models within contracts. The software supports event-based revenue recognition, allowing for multiple recognition events beyond just bookings or billings.
Who are RightRev's customers?
RightRev's customers include Epicor, Docebo, Drata, CAE.
What category does RightRev fall under?
RightRev is a legal technology company in the Accounting Software category.
Where is RightRev based?
RightRev is based in Santa Clara, California, United States.
When was RightRev founded?
RightRev was founded in 2020.