RevSym, ASC 606 Compliance Solution

Watch and learn how to automate ASC 606 compliance

RevSym by CallidusCloud
Revenue Recognition Software

Purpose-built for ASC 606 and IFRS 15 compliance.

Automate your revenue recognition

Spreadsheets are sloppy and time-consuming. Automate revenue recognition with RevSym and get built-in dual guidance and real-time reporting.

RevSym, ASC 606 Compliance Solution

Close

cleanly and quickly

Revenue Recognition Software

Report

in real-time

Comply with Revenue Recognition Standard

Comply

with ASC 606/IFRS 15

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Manage revenue recognition to increase productivity and reduce costs

Revenue Recognition Standard

STEP 1:
Identify contracts

Configure contract portfolios based on your practice

RevSym, ASC 606 Software

STEP 2:
Identify performance obligations

Set up rules to automate your policies

RevSym, an ASC 606 solution

STEP 3:
Determine the transaction price

Automate transaction price calculation

Revenue Recognition Standard

STEP 4:
Allocate transaction price to performance obligation

Track obligations and allocate pricing

Comply with revenue recognition standard

STEP 5:
Recognize revenue

Recognize revenue once obligations are met

Revenue Recognition Standard, ASC 606

Track and link contract

Automate cumulative and prospective treatments

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Why RevSym?

RevSym is the only purpose-built, 100% SaaS product to support your financial close. Fully automate with CPQ, CLM, and Commissions by CallidusCloud. It’s highly-configurable to meet your unique, complex needs.

Revenue Recognition Standard, ASC 606
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Comply With ASC 606 Standard

Automate your revenue recognition

Excel spreadsheets fail too often and increase the risk of financial restatements. Eliminate manual adjustments and mitigate risk with speed and efficiency.

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Revenue Recognition Standard | ASC 606 Considerations‎

Automate commissions accounting

Categorize and amortize commissions expenses and other costs automatically. RevSym for Commissions provides out-of-the-box integration to CallidusCloud Commissions to enable you to fully automate the process.

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Revenue Recognition - FASB

Manage multiple books for ASC 605 and ASC 606 comparison

Configure multiple books with unique accounting policies. Fully automate dual guidance accounting and reporting. Easily compare books with the click of a button.

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RevSym, revenue recognition standard automation

Access built-in disclosure and real-time reporting

Configure disclosure reports required by the new standards, including but not limited to:

  • Disaggregation of revenue
  • Remaining performance obligations
  • Backlog
  • Contract balances
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Connect with any data source

Easily integrate with any data source. With a business user-friendly UI, anyone can set up data integrations with easy drop-down menus.

Revenue Recognition Standard, ASC 606
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Making the move to ASC 606 Report

Making the Move to ASC 606: What to Know

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RevSym Brochure

RevSym Brochure

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IMPLEMENTING ASC 606—THE BACKLOG DISCLOSURE

Implementing ASC 606 — The Backlog Disclosure

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Schedule your custom demo with an ASC 606 compliance expert now.

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We will contact you shortly to schedule your custom demo.