BillingPlatform RevRec
by BillingPlatform · Revenue Recognition
Automated ASC 606 and IFRS 15 revenue recognition built into enterprise billing.
- Works with
- NetSuite, SAP, Oracle, Workday, Salesforce
- Deployment
- Cloud
- Company size
- Mid-market, Enterprise
- Pricing
- Subscription; custom quote
- Founded
- 2012
- Headquarters
- Englewood, Colorado, USA
Overview
BillingPlatform RevRec is the revenue recognition capability of BillingPlatform's cloud revenue lifecycle platform. Rather than operating as a standalone subledger, it embeds ASC 606 and IFRS 15 compliance logic directly into the billing and invoicing workflow, generating revenue schedules and journal entries from billing events. It is aimed at companies with subscription, usage-based, and hybrid monetization models that need to allocate and recognize revenue across multiple performance obligations within a single contract.
The product uses a rule-based engine to schedule recognition and produce journal entries automatically, handling point-in-time, over-time (ratable), milestone-based, and event-driven recognition. It supports standalone selling price (SSP) determination and revenue allocation across bundled deals, automated processing of contract modifications, and generation of waterfall and rollforward reports with trial balance and general ledger integration for audit support. Because recognition runs off the same data as billing, the vendor positions it as eliminating separate batch reconciliation between billing and the revenue subledger.
BillingPlatform is ERP-agnostic and integrates with major financial systems through REST APIs and prebuilt connectors, pushing recognized revenue and AR subledger entries into NetSuite, SAP, Oracle, and Workday. The platform targets mid-market and enterprise finance teams and supports multi-entity, multi-currency operations. RevRec is sold as part of the broader BillingPlatform suite rather than as an independently licensed module, so prospective buyers should scope it alongside the platform's billing and revenue management capabilities.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Recognition engine
Rule-based scheduling and journal entry generation aligned to ASC 606 / IFRS 15.
- Dynamic rule-based engine that auto-generates revenue recognition journal entries
- Point-in-time, over-time (ratable), milestone-based, and event-driven recognition
- Usage- and consumption-based revenue recognition
- Automatic handling of discounts, usage, renewals, and cancellations
- Customizable revenue milestones and flexible scheduling triggers
Allocation and SSP
Allocating transaction price across performance obligations.
- Standalone selling price (SSP) determination
- Revenue allocation across performance obligations in bundled deals
- Performance obligation creation and management
- Revenue reallocation based on SSP
- Support for multi-element arrangements
Contract management and modifications
Managing revenue contracts and changes over their life.
- Automated creation and management of revenue contracts
- Automated contract modification processing
- Re-allocation of revenue on contract changes such as upgrades, downgrades, and seat changes
- Support for bundled contracts combining multiple elements
Reporting and audit
Schedules and reports supporting close and audit.
- Waterfall and rollforward report generation
- Trial balance and general ledger integration
- Deferred revenue tracking and schedules
- Reporting to support forecasting and cash flow projections
- Field-level audit logs tracking data and configuration changes
Platform and integration
How recognition connects to billing and downstream finance systems.
- Recognition runs natively off billing data within the platform
- REST APIs and prebuilt connectors to ERP and GL systems
- AR subledger entries pushed to ERP systems
- Point-and-click field mapping between BillingPlatform and ERP
- Multi-entity and multi-currency support
Common use cases
- Recognizing revenue for SaaS and subscription contracts under ASC 606 / IFRS 15
- Allocating revenue across bundled subscription, usage, and professional services in one contract
- Handling contract modifications such as upgrades, downgrades, and seat changes
- Recognizing variable and usage-based consideration in consumption contracts
- Producing waterfall and rollforward schedules for audit and close
- Pushing recognized revenue and AR subledger entries into NetSuite, SAP, or Oracle
- Supporting multi-entity, multi-currency revenue operations
Strengths & considerations
Strengths
- Recognition is embedded in the billing workflow rather than a separate subledger, reducing reconciliation between billing and revenue
- Rule-based engine drives recognition directly from billing events, including usage and consumption models
- ERP-agnostic, integrating with NetSuite, SAP, Oracle, and Workday rather than tying buyers to one stack
- Designed for hybrid contracts that combine subscription, usage, and one-time fees
- Part of a broader revenue lifecycle platform spanning billing, AR, and revenue recognition
Considerations
- Sold as part of the BillingPlatform suite rather than as a standalone revenue recognition module, so it is best suited to buyers also adopting its billing platform
- No public pricing; quotes require contacting the vendor
- Greatest value comes when BillingPlatform also handles billing, so it is less of a fit for teams keeping an existing billing engine
- Enterprise-grade configuration and ERP/GL mapping typically require an implementation effort
ERP integrations
Order-to-cash integration covering invoicing, revenue recognition, contract rate management, and AR subledger
Prebuilt connectivity for posting recognized revenue and subledger entries
CRM integration for order and contract data feeding billing and recognition
Pricing
No public pricing. RevRec is licensed as part of the BillingPlatform revenue lifecycle platform; pricing is provided on request. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- Cloud (SaaS, multi-tenant)
- Compliance
- SOC 1, SOC 2, PCI DSS Level 1, GDPR, CCPA
- Languages
- English
About the vendor
- Founded
- 2012
- Headquarters
- Englewood, Colorado, USA
- Ownership
- Private (investors include FTV Capital and Columbia Capital)
- Notable customers
- JPMorgan Payments, DirecTV, Cloudera, GoCardless, Valmont
Alternatives to BillingPlatform RevRec in Revenue Recognition
BillingPlatform RevRec — frequently asked questions
Does BillingPlatform RevRec support ASC 606 and IFRS 15?
Yes. The product is built around ASC 606 and IFRS 15, including SSP determination, allocation across performance obligations, and automated contract modification handling.
Which ERPs does it integrate with?
BillingPlatform is ERP-agnostic and connects to NetSuite, SAP, Oracle, and Workday via REST APIs and prebuilt connectors, including a NetSuite SuiteApp connector, plus a Salesforce integration.
Is it a standalone revenue recognition tool?
It is part of BillingPlatform's broader revenue lifecycle platform. Recognition runs off billing data within the platform, so it is best suited to organizations also using BillingPlatform for billing.
How is it priced?
BillingPlatform does not publish pricing. It is sold on a subscription basis with custom quotes provided on request.
What security and compliance certifications does it hold?
BillingPlatform states it maintains SOC 1 and SOC 2 compliance, PCI Level 1 compliance, and supports GDPR and CCPA, with application-level encryption, role-based access, and audit logging.
Evaluating Revenue Recognition?
Tell us your ERP and requirements and we'll send an independent shortlist — including BillingPlatform RevRec and the best-fit alternatives — with honest pros and cons.