Revenue & Contract Management
The SaaSOptics Contract and Revenue Management function takes the overhead and risk out of financial reporting associated with term subscriptions and complex contractual relationships, freeing you from cumbersome, complicated revenue spreadsheets.
Example Reports
Complete revenue management! | View the demo
Way, way, way better than a spreadsheet! |
Developed specifically for software, SaaS, and technology companies using QuickBooks or similar off-the-shelf accounting software, SaaSOptics contract and revenue management capabilities provide the power and efficiency you get with high-end financial systems for a fraction of the cost.
The reporting and management of revenue & contracts, calculation of deferred revenue, centralized storage of contracts, and renewal of contracts is made easy with SaaSOptics. SaaSOptics helps ensure your organization is always ready with the kind of financial reports needed for board meetings, bankers, investors, venture capitalists, and yes, acquisitions!
Manage Contracts / Manage Revenues - Plenty of Features!
- Automatic revenue schedules
- 26 Revenue recognition templates
- Manual revenue schedule creation
- Lock revenue schedule
- Full support for contract elements
- Create or import invoices
- Automatic Deferred Revenue calculations
- Automatic Unbilled AR calculations
- Complete renewal management
- Multiple contracts per customer
- Store digital contracts
- Support for one-time and recurring transactions
- Flag transactions for follow up
- Suspend revenue recognition for specific transactions
- Import from Quickbooks, Peachtree
- Export Invoices
- Countless reports
- Automatic create of journal entries
- and lots lots more . . .
Import invoices from QuickBooks or other accounting solutions, or sales orders from Netsuite or SFDC. SaaSOptics will automatically generate revenue schedules for those transactions using the unique recognition method and schedule you define for each unique item, product, or subscription! And for those super-complex situations, you can manually edit revenue schedules to accommodate any unique situation. Transactions requiring customer acceptance or requiring further action are easily flagged for follow up and identified on your dashboard until cleared so nothing falls through the cracks.
With SaaSOptics, revenue reporting is a snap. View information at the customer level, or in aggregate. In a flash, you can view recognized, unrecognized and deferred revenue for your entire business for top line financial reporting. And, you can analyze business performance by viewing revenue for a business unit, a country, a market segment, a sales channel, or even down to a single sales rep. Click to see YTD numbers, or click again to see where you will be at the end of next quarter. Because SaaSOptics was built to provide powerful, optimized metrics for subscription companies, it can do things that many financial reporting systems can't do, like project future renewal revenues and bookings using statistical models, report on upgrades/upsells, and rapidly produce a variety of renewal and churn reports.
The SaaSOptics Contract and Revenue Management function is easily configured with your contract terminology and supports multiple contracts per customer. Contract transactions can include one-time items such as a license fee or implementation service, as well as any number of recurring or subscription items, including SaaS subscription fees, variable fees, and maintenance fees. Upgrades, up-sells, downgrades, coterminous contract changes, and new add on terms are all supported. SaaSOptics even provides a unique transaction "normalization" function that makes it easy to compare dissimilar contract terms. Normalize two and three year contracts to one year, or normalize quarterly subscriptions to monthly subscriptions for a better understanding of how your real average deal size or monthly recurring revenue is trending. And, if you have business objectives or targets for revenue, average deal size, bookings, or any other metric, SaaSOptics makes it easy to define and report results against those targets.
In addition to being your system of record for revenue (subscription and other), SaaSOptics can further act as a comprehensive contract system of record. SaaSOptics provides a secure, centralized contract document repository. It can do what off-the-shelf finance systems like QuickBooks can't - hold all contract and license documentation, including master license documents, individual redlines, and digital versions of executed agreements. All of these are stored along side the recorded contract transactions for easy access when inspection or audit is needed. If you want, you can also easily import QuickBooks invoice and payment transactions to give you a single, complete, and consolidated online view of the entire customer history - the signed contracts, the contract transactions, the revenue schedules, the invoices, and the payments.
It's all designed to be easy - easy to implement, easy to use, and easy to afford. So, get started today.
