Overview

This feature is part of our product, Recurly Revenue Recognition Standalone. [Learn more here].

Required plan

The Standalone Revenue Recognition module is available to merchants who need a Revenue tool to automate their ASC 606 / IFRS 15 accounting but do not, at this time, need the Recurly billing platform.

Cost

Please reach out to [email protected] for more pricing details.

Key benefits

• Clear methodology for comprehensive implementation.
• Guidance from Recurly throughout the process.
• Customizable implementation to fit specific business needs.
• Multiple testing phases for solution reliability.
• Integration with existing systems for operational continuity.

Implementation process

To onboard merchants to the Recurly Revenue Recognition Standalone edition platform, you will follow a multi-phase approach designed to provide a smooth transition and address any unique requirements. A dedicated Enablement Manager will assist you throughout the process, from initial discussions to moving the solution into production.

Phase 1 - BRD Creation and review

Begin by collaborating with Recurly to create and review the Business Requirements Document (BRD). This document will help define how you want your Recurly Revenue Recognition Standalone edition site to be configured to meet your business needs.

Phase 2 - Core design & configuration

Using the BRD document, you will work on designing the solution and configuring the Recurly Revenue Recognition Standalone edition module. This phase includes setting up templates, participating in design reviews, and providing your approval on the final design to provide it aligns with your revenue recognition strategy.

Phase 3 - Integration

Focus on integrating your systems seamlessly to provide a smooth flow of data and operations. During this phase, you'll review and sign off on test scenarios while validating configurations and preparing necessary data. You will develop test cases, which Recurly will review. Any issues identified will be addressed to provide a robust system. Refer to the Import/Export section for details on the API calls used for data import.

Phase 4 - User acceptance testing (UAT)

During User Acceptance Testing (UAT), you'll provision data, perform data conversions, and execute UAT scenarios. You will review the results with guidance from Recurly, if necessary. Once you're satisfied with the solution, you'll sign off on the UAT.

Phase 5 - Go live

In the final phase, you'll go live with the Recurly Revenue Recognition Standalone edition solution. Recurly will help prepare a cutover plan, set up the production environment, and deploy the necessary services. You'll perform a final sanity check in the production environment, and with Recurly's support, transition from testing to the live environment.

FAQ

Q: Can I purchase the Standard edition as a standalone product?
A: No, the Standard edition of Recurly revenue recognition is not available as a standalone product. It is a feature offered within the Recurly platform. To access the Standard edition, you will need a Recurly subscription.

Q: How is the data integrated with Recurly's Revenue Recognition Standalone?
A: Recurly's Revenue Recognition supports manual load of data and data integration through API calls. Please refer to the Import/export section for more details on the procedure.