Cacheflow Introduces Revenue Recognition to Streamline Accounting and Automate Financial Reporting
Date – 09-Aug-2024
Cacheflow has introduced its new Revenue Recognition product in collaboration with APPropoz REVvue, offering software companies a fully integrated quote-to-cash and revenue recognition solution.
Manually managing revenue recognition schedules can be both time-consuming and prone to errors. This partnership enables software companies to efficiently handle contracts, subscriptions, and billing within Cacheflow while seamlessly automating revenue recognition through REVvue in Salesforce.
Key features of this integration include:
- Automated Contract Ingestion: Tabs AI automatically reviews, structures, and indexes contracts directly within the platform.
- Standards Compliance: Ensure full adherence to ASC 606 accounting standards, minimizing the risk of non-compliance.
- Real-Time Reporting: Access instant visibility into revenue performance with real-time analytics, reporting, and forecasting.
- Customizable Workflows: Tailor the module to meet the specific needs of your business with flexible and customizable workflows.
“REVvue is a robust native Salesforce application that automates revenue management, forecasting, and recognition processes. By integrating with Cacheflow, we utilize their precise contract data to make revenue recognition effortless,” said Terry Lydon, Co-founder and CEO of APPropoz.
“As software transactions grow more complex with hybrid models and frequent changes, finance teams often struggle to maintain a connected process between contracts and revenue recognition. With REVvue, we’ve found the ideal partner to make this process seamless for finance teams,” said Sarika Garg, Co-founder and CEO of Cacheflow.
Cacheflow is a deal-closing platform that automates the manual and time-intensive tasks associated with quoting, closing, renewing, and billing SaaS deals. Founded in 2021, Cacheflow’s mission is to simplify and enhance the software selling and buying experience.
