Eliminate manual revenue recognition and empower your teams to close books faster with Subskribe Revenue Recognition. Subskribe automates the process and seamlessly handles recognition for complex deals. Easily track recognized and deferred revenue and leave headaches behind.
Go live in weeks, not years, with a modern, enterprise-grade revenue recognition system.
Safeguard against penalties, boost trust, and streamline operations.
Start using Subskribe with virtually no user training.
Subskribe scales seamlessly with your business, from startup to IPO.
Eliminate expensive headcount, integration, and maintenance costs.
Get key metrics like ACV, ARR, and TCV at your fingertips.
Subskribe’s unified quote-to-revenue platform enables seamless revenue recognition from the basic to the most complex subscription scenarios. The SaaS model is meant to evolve with the needs of the customer, and Subskribe enables revenue recognition to evolve with it.
Subskribe enables businesses to bill and recognize revenue on exactly what they quote. A singular ecosystem eliminates the headache of intersystem reconciliations.
When subscriptions change, revenue changes, too. Subskribe tracks revenue down to the order line from quote to revenue, satisfying even the most meticulous of auditors.
From complicated early renewals to cancelation and restructures, Subskribe Revenue Recognition is built for new business, renewals, and everything in between.
Subskribe provides a fully featured revenue waterfall report that enables flexible revenue reporting by geography, product, customer, and more. With Subskribe, finance teams can better understand how contracts are modified and reallocated over time.
Accelerate compliance with required ASC 606 and IFRS 15 disclosures generated at the click of a button.
Provide tailored insights and enable management decision making with fully customizable revenue data reports. Include everything you need, nothing you don’t.
Quotes and orders are identical in Subskribe, and invoices are broken down by order line to aid in revenue recognition. This ensures that metrics are consistent and reliable from quote to revenue.
Subskribe’s adaptable and flexible inventory of rev rec rules can be applied to the most complex of performance obligations.
Generate ASC 606 and IFRS 15 required disclosures with the click of a button.
Save time and ensure accuracy with enhanced contract modification management.
Easily provide visibility and reportability to changes over the revenue contract lifecycle.
Subskribe’s revenue engine recognizes revenue from any currency type.
Sync journal entries and integrate Subskribe’s revenue platform with any ERP.
Easily export journal entries to your general ledger.
Sync journal entries to your general ledger in just one click.
Subskribe allows you to manage revenue recognition schedules based on revenue rules associated with charge types:
- Recurring charges can be recognized over the subscription period
- One-time charges may be recognized immediately upon delivery
- Usage-based charges are recognized when the usage occurs
- Prepaid charges can be recognized as the service is delivered
- Percentage-based charges can follow the recognition pattern of their base charge
Subskribe can be configured as needed for any situation
Revenue recognition for ramp deals considers the distinct pricing periods:
- Revenue is recognized considering the specific pricing and quantities for each period
- Changes in quantities or pricing between ramp intervals are handled automatically
- System maintains audit trail of all ramp-related revenue adjustments
- Recognition aligns with actual service delivery across ramp periods
Subskribe provides comprehensive revenue reporting including:
- Recognized vs. deferred revenue breakdowns
- Deferred revenue rollforward breakdowns
- Reporting at any recognition tracking metric (Account, Product, Plan, Custom field, etc.)
- Custom revenue recognition reports.
The platform ensures all revenue metrics are consistently calculated and readily available.
When subscription changes occur, Subskribe automatically adjusts revenue recognition:
- Upgrades typically result in immediate recognition of the incremental value
- Downgrades may require revenue adjustments for the remaining term
- Early terminations trigger immediate revenue recognition adjustments
- System maintains historical record of all changes for audit purposes
- Amendments are processed with appropriate revenue recognition timing
The platform supports key accounting standards:
- Compliance with ASC 606 requirements
- Support for IFRS 15 recognition criteria
- Handling of performance obligations
- Documentation of revenue recognition policies
- Audit trail for compliance verification
Deferred revenue management includes:
- Automatic calculation of deferred revenue balances
- Recognition schedules for advance payments
- Tracking of unearned revenue
- Regular deferred revenue balance updates
- Integration with financial reporting systems
Subskribe maintains revenue recognition controls through:
- Automated approval workflows for revenue adjustments
- Role-based access to revenue recognition functions
- Audit trails of all revenue-related changes
- Systematic application of recognition rules
- Regular reconciliation capabilities
Currency management for revenue recognition includes:
- Recognition in both transaction and reporting currencies
- Automated currency conversion for reporting
- Historical rate tracking for revenue adjustments
- Multi-currency revenue reporting
- Exchange rate difference handling
Too many companies fall into the best-of-breed trap of buying and patching together separate CPQ, billing, and revenue recognition systems. On the one hand, sales ops teams are tasked with evaluating, buying, and running the CPQ system, which is responsible for creating and managing quotes.
Given the combination of contracts involving various products, terms, entitlements, and revenue recognition schedules, complications can always arise as to when revenue can be recognized. There are various ways to recognize revenue depending on the types of products that are sold and the nature of the industry a company operates in.
The speed and complexity of modern subscription deals have simply outpaced the traditional quote-to-cash tools that the software industry grew up with. Given the almost limitless combinations of contracts involving various products, terms, entitlements, and revenue recognition schedules, complications often arise as to when revenue can be recognized. Recognizing SaaS revenue is even trickier under rapidly changing market conditions and is particularly complicated when contracts get updated over the course of their term.