TMCnet News
RevStream 5X Delivers ASC 606 Compliance Features, Automated 'Rev Rec' in a Dynamic Interface to Simplify Revenue Lifecycle ManagementREDWOOD SHORES, Calif., April 13, 2016 /PRNewswire/ -- RevStream, Inc., the leading cloud-based, category-defining contract-to-revenue-lifecycle management solution provider, today announced the debut of RevStream 5X, the latest release of its fully automated revenue recognition solution featuring an all-new dynamic and responsive user interface and a host of new features to streamline ERLM and meet new revenue accounting standards. The new RevStream 5X enables enterprises to proactively achieve ASC 606 and IFRS 15 compliance while dramatically reducing the complexity of managing the entire contract-to-revenue lifecycle. RevStream 5X's single end-to-end revenue recognition automation platform eliminates reliance on complicated, error-prone spreadsheets allowing companies to accelerate RLM processes, save days' worth of work each month, avoid spending millions to upgrade home-grown solutions, and gain complete 360-degree visibility into contracts, arrangements and revenue with a comprehensive, point-and-click interface. With RevStream 5X, enterprise users can:
"5X provides our customers even greater support for the jointly issued ASC 606 and IFRS 15 revenue recognition standards, while delivering enhanced visibility and management of the entire revenue lifecycle," said RevStream VP and Chief Product Officer Mark Aubin. "Not only is it a more enjoyable user experience, it also provides the most robust revenue recognition accounting engine available to both enforce internal revenue policy and comply with the new revenue accounting standards." "With the release of RevStream 5X, we have once again demonstrated industry-leading innovation, providing our customers with rich and powerful features to more simply manage a complex business process with a beautiful user experience, all within the only end-to-end revenue lifecycle management platform on the market," said Rajiv Chopra, CEO and founder of RevStream. "This all-new 5X not only accelerates ERLM immediately, but provides for a more accurate and future-ready solution to meet constantly evolving needs." RevStream 5X will be available to all customers early summer 2016. For more details on the latest product enhancements, visit www.revstreamone.com To see the new RevStream 5X in action and learn more about RevStream's ongoing impact on ERLM landscape, join RevStream at its RevConnect 2016, 2nd annual user conference on Thursday, May 12 at the Hilton San Francisco, Financial District. Learn more or register at www.rev-connect.com. About RevStream RevStream Inc., a 2016 CODiE Award finalist for Best Financial Management Solution, is the market leader and a pioneer in Enterprise Revenue Lifecycle Management solutions. Its cloud-based platform provides companies in a wide range of industries with a powerful, accurate and intuitive solution for managing and automating revenue recognition, reporting and delivering revenue insights that empower more effective forecasting, compliance planning and decision-making. RevStream is the enterprise standard for revenue management for hundreds of top-performing companies including Intuit, Activision, VMware and LegalZoom, as well as other Fortune 500 firms. The company is based in Redwood Shores, Calif. To learn more, visit www.revstreamone.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/revstream-5x-delivers-asc-606-compliance-features-automated-rev-rec-in-a-dynamic-interface-to-simplify-revenue-lifecycle-management-300250665.html SOURCE RevStream, Inc. |