Is there a revenue recognition software that is ideal for SMB's?
Answers
Possibly a better way to state the question would be “is there a Revenue Recognition Solution that will scale with my business – supporting the pricing and performance I need now and as I grow.”
The challenge for people in
Our company has been offering revenue recognition applications for nearly five years spanning early ramp into large midsized organizations ($500M+). To your point – Yes, solutions are readily available which may be ideal for SMB’s.
Bob Scarborough
www.tensoft.com
What are your specific needs? Are you looking for an amortization tool to recognize revenue over the life of a project or are you looking for something that recognizes revenue for projects?
We use Acumatica for our support and maintenance contracts. It supports bundled products and pushes down revenue to help support VSOE requirements. They have a SaaS model or it can be deployed on premise.
I find SMBs have the same revenue recognition issues as larger companies so I don't know there is a tool geared for SMBs. In fact, SMBs perhaps have more complex issues particularly in earlier stages as their business models evolve necessitating the corresponding evolution in policy. That said, best thing is always to draft a detailed requirements document and get in touch with the handful of vendors that do billings and revenue management for a living. Cloud and SaaS based offerings will tend to be more desirable if a budget for capital IT projects is not yet there for the G&A function.