Best Revenue Management Software

Companies use revenue management software to match their sales with customer payments and reduce revenue leakage. Accountants leverage these tools to recognize and allocate revenue to multiple business entities. Managers from departments such as sales, marketing, and operations use revenue management software to monitor the performance of products and services sold by the company and to optimize their offerings. Through the use of these tools, revenue data can be evaluated to identify which customers or contracts are the most profitable for the company.

Revenue management software integrates with both accounting software and ERP systems. This type of software can be delivered standalone or as part of a quote-to-cash suite which includes pricing software, CPQ software, and quote management software. When used by sales and marketing managers, revenue management also needs to integrate with CRM software.

To qualify for inclusion in the Revenue Management category, a product must:

  • Track pricing details for individual or groups of products and services
  • Provide features for revenue recognition and allocations
  • Manage different types of revenue, such as recurring and transaction-based
  • Analyze the performance of special offers, packages, and incentives
  • Estimate the impact of discounts and rebates on revenue
  • Monitor revenue per customer, contract, or project
  • Include best practices for revenue management optimization
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    Sage Intacct
    (192)4.4 out of 5
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    Gain real-time financial and operational visibility throughout your business. Leverage comprehensive financial controls to ensure security and compliance. Streamline your business processes using extensive automation to reduces labor, and save costs. The Sage Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, contract management, project accounting, fund accounting, inventory management, and fi

    Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model, Workday has delivered a single s

    NetSuite is the world's #1 cloud accounting solution, providing a unified platform to streamline back-office processes to areas like CRM, inventory, and ecommerce. NetSuite empowers businesses of all sizes and industries to optimize financial close, reduce IT costs, and eliminate operational inefficiencies with our built-in business intelligence, reporting, and real-time visibility -- allowing you to focus on key, revenue-generating decisions, rather than worry about your back-end systems.

    RevPro is the world’s leading revenue accounting software, enabling finance teams to scale scale and efficiently grow with their business. It is designed to work with any order-to-cash system and can be configured to automate complex revenue recognition policies, revenue forecasting, revenue reporting and cost allocation for complex contracts, ongoing contract modifications, and multiple revenue streams. With RevPro, finance teams can significantly mitigate financial reporting risk and efficie

    Maximize all sources of revenue, reduce cost and expedite payment with a simplified and unified platform that integrates payment processing across HIS, PM and EMR systems—unlocking unprecedented, actionable insights for improved revenue cycle performance. No matter the size or scope of your organization, we can help you save time and effort so you can get back to helping those who need it most.

    Softrax Revenue Manager is a Modular Solution for Enterprise-Level Revenue Recognition Challenges. It represents a self-contained module that seamlessly integrates with existing systems to act as your revenue subledger. • Full support for ASC-606/IFRS 15 • Support for multiple revenue policies (“Books”) • Deep functionality via “Point and Click” configurations • Robust audit support (both revenue policy and transaction processing) • Revenue Transparency via a state of the art BI engine • Secu

    Apttus Revenue Management allows you to optimize revenue by managing future deal structures, renewals, payment terms, finance structures and contract compliance.

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    Centralize revenue streams in a single revenue recognition solution. Get compliant with the new ASC 606 & IFRS 15 standards. Automate calculations, reduce your period-end close and gain a complete picture of your organization's revenue - both recognized and deferred.

    Simplify and streamline complex revenue recognition processes by extending and improving your existing ERP system with Oracle Revenue Management Cloud

    ARCS 2G is a comprehensive revenue management system that integrates with professional service billing systems to streamline collection processes, track WIP/AR, and manage unresponsive accounts.

    Comply with new statutory regulations for revenue recognition, such as IFRS 15, while supporting existing requirements with the SAP Revenue Accounting and Reporting application. Handle orders, invoices, and events from multiple SAP and non-SAP systems, and gain flexibility by decoupling revenue recognition rules from order entry and billing systems.

    Simplify complex accounting processes with highly-configurable revenue recognition and accounting automation software. Featuring built-in dual guidance and real-time reporting, the SAP Revenue Recognition solution can help you quickly mitigate risk, minimize manual input, and meet the latest standards in revenue and accounting policies.

    Easily recognize revenue and/or expenses for General Journal Vouchers and Sales Order Transactions for Microsoft Dynamics 365 for Operations (Finance and Operations).

    Cube RM offers Revenue Management and Optimization software solutions, specially designed for large enterprises, helping them to efficiently manage their sales and pricing processes, leverage competitive intelligence, optimize pricing decisions and predict their impact on revenue performance.

    Cube RM is a Revenue Management & Optimization software suite including an intuitive CPQ system and integrated pricing guidance. Leveraging sophisticated machine learning models and software automation to help companies efficiently manage sales quotes, create and evaluate tender proposals, and identify optimum pricing.

    FinPal software is enabling modern financial planning businesses to realise a new potential. Revolutionary business intelligence and management systems enhance team performance, increase client engagement and reduce business risk, resulting in a more profitable business.

    Flintfox develops trade revenue management software and provides ERP consulting and implementation services.

    Powerful, yet easy to use, online costs and revenue recognition software.

    iNovah is an end to end solution for payments, reporting and auditing that integrates single payment source systems and eliminates finance and technical management costs.

    For Telecom Industry only: Enghouse's Revenue Management Suite effectively consolidates Rating, Billing and Customer Care of mobile services together with full life-cycle management into a complete, end-to-end MVNO Revenue Management solution.

    OutPerform RMS is a yielding solution that has been made to simplify and speed up daily pricing decisions. OutPerform RMS organizes all required data intelligently and processes recent trends on any parameter. OutPerform RMS distributes modifications of public rates to any OTA.

    Self-managed Software provides you with the latest, most comprehensive, cloud based, revenue management system on the market. As the name suggests, this solution offers cost effective revenue management for those licensees that are comfortable with processing their own commissions and revenue payments.

    Tensoft Revenue Lens helps to manage revenue transactions, deliver real time visibility and it helps meet ASC 606 and IFRS 15 requirements, and runs with any accounting or ERP system.

    ZIRA Convergent Billing & Revenue Management (BRM) is an end-to-end, fully scalable and modular solution addressing entirely Communication Service Providers (CSP) needs for high-performance Billing solution that can successfully respond to new market challenges

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