Contract Workflows
TrueRev streamlines contract workflows by offering a range of features designed to simplify and automate the management of customer contracts. Manage the complexities of contract workflows to improve efficiency, reduce errors, and maintain better control over your financial operations.
Automated Contract Renewals
TrueRev automates the renewal process for contracts, reducing the risk of missing renewal dates and ensuring continuity of service.For companies with a large number of contracts, it eliminates the need for manual tracking and intervention.
Tracking Contract Events
The platform keeps track of various contract events such as new deals, upgrades, cancellations, and expansions. This allows businesses to have a clear view of the status and history of each contract, which is crucial for accurate revenue forecasting and customer relationship management.
Centralized Contract Management
By consolidating all contract-related data in one place, TrueRev provides a centralized platform where teams can access and manage contracts. This centralization helps in maintaining consistency and accuracy across departments, from sales and finance to customer success and support
Compliance and Reporting
TrueRev helps ensure compliance with financial regulations and standards, such as ASC 606. The platform's features enable the generation of accurate revenue schedules and reports, which are essential for auditing purposes and maintaining regulatory compliance
Features
Revenue Recognition
Move your revenue schedules off of Excel and eliminate multiple spreadsheets, manual errors and version control.
Deferred Revenue
Simply account for your monthly revenue and the deferred balance.
Contract Workflows
Keep track of all agreements even in a fast paced SaaS environment.
Revenue Schedules
Move your revenue schedules off of Excel and eliminate multiple spreadsheets, manual errors and version control. Stay compliant with ASC 606.
Subscription Metrics
Generate subscription metrics in minutes instead of days (MRR/ARR, Bookings, Churn, Cash-flow).
Contract Events
New deals, upgrades, cancellations, expansion - all tracked easily and accurately.
What our customers are saying
to learn how TrueRev has helped our customers.Love this SaaS Software that understands bookings, invoicing, Deferred Revenue, MRR, ARR. Great alternative to excel!
R. LeeController / Co-founder at Attivo
TrueRev is a sensible step in moving beyond spreadsheets. We implemented TrueRev without needing any outside support from IT experts. It is fairly simple to use and a good alternative to other revenue recognition software companies heavily funded by large outside venture firms.
G. PrevilleCFO at Laurentian CFO Services
TrueRev has been a game changer for us. We were using very complicated excel spreadsheets to track our billing and revenue that were getting cumbersome and prone to errors. We spent hours reconciling them manually to ensure accurate results. Being a mid-sized company using QuickBooks, we didn’t think there would be a reasonably priced solution that would solve our revenue recognition pains. With TrueRev we avoided migrating to a more expensive ERP and revenue recognition is now something that we don’t dread at month end. It saved us a lot of time and now I have more confidence in our revenue number each month. The implementation was simple, the reporting is great and when any issues arise, TrueRev is fast to respond. They’re always working on feature upgrades and trying to expand their already excellent product. I would highly recommend TrueRev to any small to medium sized SaaS company who wants to simplify their rev rec.
A. GrossmanDirector, Controller at Iron Mountain
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