Companies use revenue management software to match their sales with customer payments and reduce revenue leakage. Accountants leverage these tools to recognize and allocate revenue to multiple business entities. Managers from departments such as sales, marketing, and operations use revenue management software to monitor the performance of products and services sold by the company and to optimize their offerings. Through the use of these tools, revenue data can be evaluated to identify which customers or contracts are the most profitable for the company.
Revenue management software integrates with both accounting software and ERP systems. This type of software can be delivered standalone or as part of a quote-to-cash suite which includes pricing software, CPQ software, and quote management software. When used by sales and marketing managers, revenue management also needs to integrate with CRM software.
To qualify for inclusion in the Revenue Management category, a product must:
Gain real-time financial and operational visibility throughout your business. Leverage comprehensive financial controls to ensure security and compliance. Streamline your business processes using extensive automation to reduces labor, and save costs. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered through the cloud.
Cube RM offers Revenue Management and Optimization software solutions, specially designed for large enterprises, helping them to efficiently manage their sales and pricing processes, leverage competitive intelligence, optimize pricing decisions and predict their impact on revenue performance.
Centralize revenue streams in a single revenue recognition solution. Get compliant with the new ASC 606 & IFRS 15 standards. Automate calculations, reduce your period-end close and gain a complete picture of your organization's revenue - both recognized and deferred.
Get the agility, flexibility, and scalability to support your high-volume, subscription and usage-based recurring revenue business models while maintaining the financial rigor for reporting and compliance. Find out why global companies like ACI Worldwide, American Well, Crowne Castle, and Radius Payment Solutions trust RecVue for their recurring billing & revenue management.
Self-managed Software provides you with the latest, most comprehensive, cloud based, revenue management system on the market. As the name suggests, this solution offers cost effective revenue management for those licensees that are comfortable with processing their own commissions and revenue payments.
Comply with new statutory regulations for revenue recognition, such as IFRS 15, while supporting existing requirements with the SAP Revenue Accounting and Reporting application. Handle orders, invoices, and events from multiple SAP and non-SAP systems, and gain flexibility by decoupling revenue recognition rules from order entry and billing systems.
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model, Workday has delivered a single system that supports transaction processing, multidimensional reporting, consolidation, planning, and compliance—all using a consistent user experience accessible from desktop or mobile devices. Key feature areas: Accounting and Finance Audit and Internal Controls Revenue Management Reporting and Analytics Global Financial Reporting and Consolidation Financial Planning Projects Expenses Procurement Inventory Grants Management Project Billing
RevPro is the world’s leading revenue accounting software, enabling finance teams to scale scale and efficiently grow with their business. It is designed to work with any order-to-cash system and can be configured to automate complex revenue recognition policies, revenue forecasting, revenue reporting and cost allocation for complex contracts, ongoing contract modifications, and multiple revenue streams. With RevPro, finance teams can significantly mitigate financial reporting risk and efficiently remain compliant with the ever evolving accounting standards, including ASC 606 and IFRS 15.