Overview

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.

Prerequisites

• Familiarity with the organization's revenue recognition standards.
• Understanding of product bundling and data rule configurations.
• Knowledge of the desired attributes for data transformation.

Limitations

• Dataset, product bundle and data rules cannot be deleted. They can only be inactivated or modified.

Key benefits

• Streamlined Data Management: Efficiently manage product bundles, apply customized data rules, and analyze data for accurate revenue recognition.
• Comprehensive Analysis: Create datasets for in-depth data analysis, with daily automatic refreshes ensuring up-to-date information.
• Customizable Configurations: Tailor product bundles, data rules, and datasets to specific business requirements.
• Consistent Reporting: Datasets ensure uniformity in data analysis and reporting across different functionalities.

Key details

• Product bundle: Group multiple SKUs into a single “Parent” unit; define child lines with pricing, cost, and commission formulas. Learn more
• Data rules: Create transaction-level logic—apply formulas, sub-criteria, and attributes to orders or contract lines. Learn more
• Auto Bill for external data: Automatically generate invoices from imported sales orders when billing terms match subscription terms. Learn more
• Derive ExRate for external data: Automatically fetch and apply correct exchange rates for off-platform contracts and invoices. Learn more
• Datasets: Define analysis tables with primary attributes; updated daily and inactivated when no longer needed. Learn more