Revenue Edge: Delivering Unparalleled Revenue Automation

The new revenue standard (ASC 606) embodies a major change in revenue recognition and impacts companies across many industries. However, there seem to be very few automation options in the traditional accounting systems. It is baffling to see the most important number on the financials being maintained on hundreds of spreadsheets at both big and small companies. Industry experts believe that the new standard makes it nearly impossible to scale revenue recognition operations with traditional quote-to-cash systems or spreadsheets. New cloud technology companies such as Revenue Edge, with their unique approach to revenue recognition automation offer a promising solution for automating the New Revenue Standard. “While the New Standard’s five step process can seem intimidating, we help companies automate revenue recognition with a systematic approach, so they achieve compliance with the new standard and avoid error prone manual calculations,” says Madhuri Koneru, Founder and CEO of Revenue Edge. Revenue Edge has charted a niche in the industry for its ability to remove distress associated with the ever-changing revenue rules as well as the revenue treatment due to changes in a company’s business models.

Revenue Edge has entered into a partnership with Oracle and works toward bringing to its users a powerful revenue automation solution for Revenue Accounting and Revenue Forecasting to Oracle Financials users. The firm takes a standardized approach to connect with Oracle as well as other major ERP systems using Informatica Cloud. With pre-built templates for syncing orders and invoices, Revenue Edge can connect to Oracle to perform revenue allocations and all revenue calculations, thereby functioning as a true revenue sub ledger for Oracle Financials.

Companies selling SaaS/ Subscription services, stand alone hardware, software, as well as hardware with embedded software see huge benefits from automating their revenue operations using Revenue Edge.