SOURCE: Revstream

Revstream

October 02, 2014 11:00 ET

Oracle Customers Moving to Revstream for Enterprise Revenue Management

Cloud-Based Enterprise Revenue Management Leader Enables Companies to Automate Critical Recognition, Analysis and Reporting Processes for the First Time

REDWOOD SHORES, CA--(Marketwired - Oct 2, 2014) - Revstream, Inc. announced today that Oracle ERP customers continue to select and deploy Revstream's Enterprise Revenue Lifecycle Management Suite for their Revenue recognition automation, compliance and reporting needs. Revstream's industry-leading solution and close integration with Oracle enterprise systems are proving to be a winning combination for Oracle customers seeking to transform their revenue management processes to improve revenue recognition, analysis and reporting accuracy, speed, efficiency and proof of compliance. 

Industry-leading companies that rely on Oracle enterprise solutions, including Intuit, Dell and others, have selected Revstream for revenue management. Revstream's customers include other leading companies across the software, hardware, gaming and Internet services industries, including Facebook, Vmware, Activision, Verint and others. The company's increasing success in solving the complex revenue management challenges of today's corporations is also leading to growing partnerships with leading accounting and audit firms and enterprise solutions companies.

"Revenue is the single most scrutinized number on a company's financial report. Revstream complements our customer's investment in ERP systems by adding a process layer focused on Revenue Recognition, which historically has not been core to the well-established order to cash, procure to pay, and report to report processes that ERPs deliver," said Rajiv Chopra, CEO or Revstream. "We're helping customers free themselves from the morass of Excel spreadsheets currently used in revenue recognition so they can close their financials more quickly and even boost their market capitalization by increasing revenue yield."

"The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) recently issued new converged GAAP guidance on recognizing revenue in contracts with customers," continued Chopra. "This guidance applies to numerous industries and represents a watershed opportunity for companies to finally automate revenue recognition and management. Revstream was the first solution to perform Revenue Recognition for diverse industries such as Software, High Tech, Consumer Products, Entertainment, and Advertising, and we will continue to be the platform of choice for all industries impacted by the new guidance."

To learn more about Revstream products and services, or to request a demonstration showing how the Revstream Enterprise Revenue Lifecycle Management Suite can address your organization's revenue management challenges, please visit www.revstreamone.com.

ABOUT REVSTREAM INC.
Revstream Inc., based in Redwood Shores, Calif., is the leading provider of Revenue Management and Analytics solutions to both large Enterprises and Emerging Mid-Market companies. Its Enterprise Revenue Lifecycle Management suite helps simplify and optimize processes that impact revenue. Revstream's innovative approach to revenue recognition by managing exceptions upstream empowers customer to make decisions with real time intelligence. It is the enterprise standard for revenue management for several of the top fortune 500 companies, processing over $35b+ USD in revenue annually.

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