TrueRev Deferred Revenue application feature

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

View our detailed case studies

to learn how TrueRev has helped our customers.

- Super logical to see everything in one platform.
  
  Lucy Zaikina
  
  Dealdesk Manager at Inten.to
- 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
  
  Kristen Morris
  
  Business/People & Finance Operations Manager at LineVision
- Any early-stage startup with subscription accruals and a need to report on MRR should get a tool like TrueRev.
  
  Trevor Sumner
  
  CEO at Perch
- TrueRev is everything I need and nothing I don’t
  
  Joe Price
  
  CEO and Co-Founder at CampusOptics
- Love this SaaS Software that understands bookings, invoicing, Deferred Revenue, MRR, ARR. Great alternative to excel!
  
  R. Lee
  
  Controller / 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. Preville
  
  CFO 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. Grossman
  
  Director, Controller at Iron Mountain

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