Data transformation - Revenue Recognition Standalone
A suite of tools for transforming your sales order data—bundle products, apply rules, auto-generate invoices, derive exchange rates, and build analysis datasets.
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
Updated 8 days ago