Docebo Selects RightRev To Automate Revenue Recognition
RightRev’s advanced revenue recognition solution will enable Docebo to automate all the complexities of revenue accounting. The solution is built on the Salesforce platform and supports full compliance with ASC 606, the latest revenue accounting standards.
RightRev Inc. is an emerging innovator in Revenue Recognition technology for subscription and consumption based revenue companies. Docebo (Nasdaq:DCBO; TSX:DCBO), a leading artificial intelligence (AI)-powered learning suite, will use RightRev’s solution to automate the Lead to Revenue process. The company’s finance team will be able to seamlessly manage leads, opportunities, sales, and revenue recognition all without leaving the Salesforce user interface.
RightRev’s multi-tenant revenue recognition solution will work seamlessly with Salesforce’s Revenue Cloud to calculate and apply appropriate revenue accounting treatment in accordance with the new and complex guidelines of ASC 606. Examples of these complex rules include managing multiple performance obligations in one contract, calculating standalone selling price (SSP), accounting for contract modifications, and many more. The new software addresses all of these complex scenarios and empowers businesses to quote and sell seamlessly on a unified platform. By automating revenue recognition natively on the Salesforce platform with RightRev, businesses can significantly improve the speed and accuracy of their month end and quarter end close processes. Finance leaders eliminate the stress of manual process, data capture, or downstream integrations for revenue recognition.
“Docebo’s artificial intelligence powered learning suite is helping businesses worldwide tackle their learning challenges. As they continue to grow, revenue recognition accounting and finance operations will need to scale along with their Lead to Revenue Process. We are super excited to partner with Docebo’s finance team to automate their revenue accounting process and provide high-value, real time insights into their revenue metrics. Our ultimate goal is to accelerate their processes and create happy revenue teams!” said Jagan Reddy, Founder, CEO of RightRev Inc.