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Maintaining revenue in excel spreadsheets was not only extremely time consuming but, also proving to be inaccurate. Managing deferred revenue properly in these sheets was almost impossible. TrueRev allows Intento to bucket revenues between Enterprise and SMB customers.
“Super logical to see everything in one platform.”
About Intento
- Industry
- IT Services & IT Consulting
- Company size
- 51-200 Employees
- Key pain points
- Revenue recognition on spreadsheets
- Cohort analysis
A simpler way to accurate revenue
Prior to switching to TrueRev, LineVision was utilizing a revenue recognition solution that was overly complicated (and expensive) for the company's needs. They also struggled with inaccurate historical data. After doing multiple demos with other companies, she settled on TrueRev because it was the easiest to use and the most affordable.
“I love it. We have a very strange rev rec policy but, [TrueRev] works well for me because it’s very flexible … takes maybe 10 minutes to put in a contract”
About LineVision
- Industry
- Utilities
- Company size
- 51-200 Employees
- Key pain points
- Revenue recognition
- Complex contracts
- Inaccurate historical data
Multiple revenue streams
Perch has 3 consistent revenue streams - hardware sales, traditional SaaS subscriptions, and client services - that all need to be recognized on different cadences. Prior to TrueRev, the outsourced accounting firm was managing this process using Excel; Sumner often found discrepancies in rules.
“Any early-stage startup with subscription accruals and a need to report on MRR should get a tool like TrueRev.”
About Perch
- Industry
- Retail
- Company size
- 11-50 Employees
- Key pain points
- Revenue recognition on multiple revenue streams
- Complex contracts
Moving off spreadsheets
Previous founding experience taught Joe that the longer you keep doing revenue on spreadsheets, the harder it becomes to trust the accuracy of revenue and deferred revenue. In his opinion, you can’t really do "daily" rev rec in Excel. He logs into TrueRev every time they sign a new customer and every time somebody’s contract renews.
“TrueRev is everything I need and nothing I don’t”
About CampusOptics
- Industry
- Higher Education
- Company size
- 11-50 Employees
- Key pain points
- Revenue recognition on spreadsheets
- Renewal reminders