Welcome to the Recurly product tour.
See how Recurly simplifies and automates revenue recognition and compliance.
Sub subscription businesses face unique challenges when it comes to recognizing revenue, such as product bundles, multiple accounting stand contract modifications, discounts, and even royalty payments.
Such diverse monetization and pricing models drive a need for flexibility and automation, to accurately recognize recurring revenue and comply with global ever changing reporting standards.
Managing this function in Excel, maintaining a legacy system, or customizing your ERP is slow, error prone, and leads to inefficient workarounds for finance and IT. Worse? Increases it and compliance risk.
Recurly revenue recognition offers a better way with our global enterprise grade solution.
It is fast to implement, easy to configure, and purpose built for the unique needs of high velocity, high volume subscription businesses.
Recurly fully automates the five step process for ASC six zero six and IFRS fifteen compliance.
Seamlessly brings in real time billing events and integrate subscriber, plan, and contract changes with just a click. Start automating the five step process.
Four one, or multiple set of books and accounting standards.
Define contracts into group transactions across any number of attributes.
Create revenue bundles across products and or services like the subscription that bundles security services with an annual plan.
Streamline how unique performance obligations are defined across any type of product or pricing model.
Let's define how to recognize subscription revenue over time. Then choose from a variety of accounting methods like fixed monthly.
And allocate expenses related to obtaining the contract, like a sales commission upon billing, capital specializing the expense over the life of the contract and specify which revenue recognition rules and books apply.
Gain complete visibility into the total contract value and detailed revenue to date, including stand alone selling price SSP details, and real time billing information.
With a full revenue waterfall for each performance obligation.
Detailed journal entries are directly exported to the general ledger.
Recurly also accounts for variable consideration such as a rebate or refund contingent upon a future event, like if a product doesn't ship on time, or a usage based royalty associated with licensing digital content.
Recurly makes it easy to determine stand alone selling prices or s s p of individual performance obligations.
With flexible calculation rules for value, modification and price ranges, our SSP analyzer applies historical data to automatically determine the selling price.
In this example, let's analyze data by plan.
Based on our defined SSP rules, we see different price ranges for monthly quarterly and annual plans.
Contract modifications, like price, quantity, or contract adjustments, add complexity.
Recurly seamlessly accounts for modifications to the customer contract like a subscription pause.
Or other edits to the contract.
Here, Vince has downgraded his streaming service from annual two monthly plan.
In the recurring revenue workbench, we see the same invoice for Vince.
With updated POB and billing details that now reflect the downgrade along with an updated revenue waterfall.
The fifth step. Releasing revenue can be configured based on a variety of business events and attributes.
With revenue and spence release rules defined at the individual obligation level, like upon booking for hardware or upon billing for a subscription.
If you have plans for a geographic expansion or are already in multiple countries, recurly has you covered.
Easily report and analyze revenue treatment by different accounting standards like six zero six and IFRS fifteen.
With visibility across multiple sets of books.
Recurly will automatically apply local revenue recognition rules to a specific set of books in the appropriate local currency.
Finance can also analyze a consolidated set of books in a single company currency.
Your revenue recognition solution can't live in a silo. We make it easy to export accounting details directly into your preferred accounting system.
You'll benefit from an accelerated, accurate period close with complete visibility and control over how revenue gets posted to the L.
Recurly's revenue and forecasting reports provide multiple ways to visualize contracted revenue.
Drill down into contract and transaction details, view revenue across accounting periods, slice data any way you want. Analyize actual and forecasted revenue for a given range of periods with our revenue waterfall report.
Or deferred revenue over time using our deferred revenue waterfall report.
Add contracted liability balances across different books or periods.
Even bring in and analyze data from multiple revenue sources, like the Apple App Store or Google Play.
Viewing App Store and web revenue data all in one place.
Such as performance obligations, and billing details.
Run app store revenue waterfall reports, sort results by book currency or period like quarterly.
Manage journal entries and map app store specific accounting codes to the general ledger.
Whether privately held or publicly traded, recurrent revenue recognition is ready to grow with you.
Recurly is the subscription management and billing platform trusted by global and growing direct to consumer brands to grow their revenue faster, smarter, and stronger.
Learn more about how to keep a good thing growing at recurring dot com.
