What makes FinancialForce Revenue Management better?
Legacy ERP systems—and even many SaaS solutions—are still built solely for physical products and optimized for discrete manufacturing enterprises with linear business processes.
But FinancialForce is a different kind of system, giving you the flexibility and agility to deliver new service-based offerings or service-product blends. Whether you deal in complex, subscription-based contracts, fixed-fee services, or simple widgets, all sources of revenue can be accommodated.
A platform for growth
Grow revenue without adding additional staff, and comply with the latest financial regulations. FinancialForce Revenue Management works seamlessly with Salesforce and other FinancialForce applications, or can be connected to your existing ERP system.
Products, subscriptions, professional and business services, usage-based contracts, and beyond—track all revenue streams and scenarios using a single, unified tool. Easily bring in revenue source data from across the business and automate complex revenue calculations and allocations across multiple customer contracts and individual performance obligations.
ASC 606, IFRS 15 & more
Interactive reports with side-by-side comparison allow you to quickly assess the impact of revenue recognition rules (e.g. ASC 606, IFRS 15, and AASB 15) and adjust processes and pricing strategies accordingly. Enforce and modify internal controls to efficiently record transactions while supporting current and future compliance standards.
FinancialForce makes entries and transactions automatic, repeatable, and auditable, leading to a faster and more accurate audit process. Adhere to the latest standards with ease, recognize revenue against performance obligations as a function of the standalone selling price (SSP), and manage it all on the Salesforce platform alongside your other customer, order management, and billing activity.
Forecasting & business insights
Get a complete, visual view of your revenue streams, with real time, side-by-side actuals versus forecast insights, which can be easily personalized by user. Empower teams to make more informed decisions in a timely manner, and get insights into the potential financial impact of changing business models, pricing strategies, and customer contracts on recognized revenue.