RevRec360 | Revenue Recognition & Compliance Software

Enhance Accuracy, Ensure Compliance

Achieve precise revenue recognition with automated compliance that meets global standards.

ASC 606 and IFRS 15 Audit-ready reporting Automated recognition
Revenue schedules updated
July financial close
Revenue recognition overview
12 exceptions
Active contracts1,284Across global entities
Revenue schedules4,916Current recognition plans
Ready for close99.4%Schedules validated
ContractStatusPerformance obligationRecognition
Enterprise ServicesReviewImplementationOver time
Managed SupportReadyMonthly serviceMonthly
Platform LicenseReadySoftware accessPoint in time
Trusted by leading businesses
HPE logo
Comcast logo
ADTRAN logo
Exclusive Networks logo
Convergia logo
NEC logo
Why Choose OneBill? Experience, flexibility, and scale in one connected platform
30 YearsIndustry experience
15 YearsOneBill in business
100+Integration partners
100+Pricing models
100+Currencies and languages
Talk to an Expert
One connected revenue recognition operation

Track, recognize, reconcile, and report revenue with confidence

Streamline revenue tracking and recognition for accurate financial reporting, reconciliation, and compliance.

Guarantee Compliance

Track and recognize revenue accurately with ASC 606/IFRS 15 compliance.

  • Align with global revenue recognition standards to ensure audit readiness.
  • Define and automate rules for tracking and recognizing revenue seamlessly.
  • Enhance financial accuracy, while simplifying compliance processes.
Compliance controlsValidated
ASC 606 policy setActive
IFRS 15 policy setActive
Contract review coverage99.4%
Compliance statusRevenue schedules are aligned with policy

Twelve exceptions remain available for finance review before close.

Streamline Revenue Recognition

Implement the five-step process for precise revenue recognition.

  • Identify contracts and performance obligations (POB) effortlessly.
  • Determine and allocate transaction prices with clarity and control.
  • Recognize revenue only when obligations are fully satisfied.
Five-step revenue processAutomated
1. Identify the contractComplete
2. Identify obligations3 POBs
3. Determine transaction price$248,000
4. Allocate transaction priceAllocated
5. Recognize revenueScheduled

Ensure Audit-Ready Transparency

Track, document, and verify revenue for seamless audits and accounting reconciliation.

  • Automate data collection and reporting for audit readiness.
  • Provide detailed insights into revenue performance and obligations.
  • Push data to integrated accounting systems for accurate month-end reconciliation and reporting.
Revenue audit trailExport ready
Contract records1,284 verified
Journal entries4,916 generated
Recognition events100% traceable
Accounting exportReady for close
Audit evidenceEvery revenue event links back to its source

Contract, obligation, allocation, recognition, and journal activity remain available in one traceable record.

Scale with Ease

Enter new markets with the confidence of meeting global revenue recognition standards.

  • Ensure precision and scalability in revenue recognition across all global markets.
  • Automate payment tracking with over 40 integrated gateways.
  • Streamline accounts reconciliation across markets through real-time, API-enabled data flow between your billing and accounting platform.
Global revenue operationsConnected
Operating regionsNorth America
Accounting standardASC 606
International entitiesIFRS 15
Payment gateways40+ connected
Reconciliation statusBilling and accounting data synchronized

Revenue schedules, payments, and journal entries remain aligned across entities and systems.

Proven scalability and connected finance

Built for enterprise volume and connected accounting operations

20M+

Transactions processed every day

Every day, we process 20,000,000+ transactions for one of the largest government entities in the world.

Connect revenue recognition with your accounting operation

OneBill’s flexible Open APIs enable real-time data integration and synchronization with existing systems and third party systems.

Resources for revenue and service leaders

Built into the Bigger Picture

RevRec360 is part of OneBill’s modular revenue operations suite

A flexible, sophisticated, and comprehensive platform that makes revenue recognition and compliance one part of an integrated whole.

Connect RevRec360 with Billing360, Subscriber360, Workflow360, and RevAssure360 to support the complete revenue lifecycle.

OneBill logo
Revenue lifecycle connected
Enterprise Services ContractRevenue recognition profile
On schedule
Contract value$248,000
Performance obligations3 identified
Recognized this period$18,400
Deferred revenue$146,200
Month-end statusRevenue schedule validated for accounting export

Contract, allocation, recognition, and journal data are connected in one auditable record.

Simplify and Scale with OneBill

Cut costs, simplify operations, and scale revenue

Cut costs, simplify operations, and scale revenue with a platform built for efficiency and adaptability. Start maximizing your growth today!