Reads Contracts. Schedules. Posts. Reconciles
Reads every contract, generates the ASC 606 / IFRS 15-compliant revenue schedule, posts deferred and recognized revenue JEs, triggers billing milestones, reconciles billing to revenue at close. Pairs with Contract Agent on the input side and Cash Application Agent on the output side. Multi-element arrangements, SSP allocation, and over-time recognition handled natively — close gets faster, audit gets easier.
By the numbers
The use case
Revenue accounting teams maintaining the recognition schedule by hand for 200+ active contracts. Multi-element allocation rebuilt quarterly in a giant Excel workbook. Billing teams triggering invoices late because the revenue schedule lives somewhere else. Errors found at audit. The revenue waterfall in the board pack is four days stale by Day 7 close.
Revenue Recognition Agent reads every contract (or syncs directly from Contract Agent), generates the ASC 606 / IFRS 15-compliant schedule per the 5-step model, allocates the transaction price across multi-element arrangements at standalone selling price, posts deferred and recognized JEs automatically, triggers billing milestones on contract events, and reconciles billed-to-recognized at close. The 5-step model becomes 5-second model.
For who
Capabilities
Applies the 5-step model to every contract — identify the contract, identify performance obligations, determine the transaction price, allocate the price to obligations, recognize revenue as obligations are satisfied. Outputs an audit-ready schedule per contract.
Standalone selling price allocation across bundled licenses, subscriptions, services, and one-time delivery components. SSP method configurable (observable, residual, adjusted market assessment). Re-allocates automatically on contract modifications.
Over-time obligations (subscriptions, hosted services) and point-in-time obligations (one-time delivery, milestone-based services) tracked side by side. Progress measured by your method — time-elapsed, milestone, input, or output.
Auto-posted to your GL each period — deferred at invoicing, recognized as obligations are satisfied, contract liability and contract asset positions maintained. SAP, Oracle, NetSuite, Microsoft Dynamics, Sage, Cegid all native.
Continue exploring
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Learns your approval patterns and routes invoices to the right approver automatically, escalating exceptions in real time.
Assembles the audit document request list (PBC), pulls evidence from every system, drafts walkthroughs, reconciles GL accounts to source, hands off to auditors with full traceability.
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