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Revenue
Recognition
Manual schedules, offline adjustments, and compliance risk slow finance teams down. Everest replaces fragmented processes with a unified system that maps performance obligations, manages contract changes, and generates revenue schedules automatically, no spreadsheets required.
Revenue Recognition
The Problem
Where legacy ERPs and
processes break down
SaaS companies expanding globally often outgrow legacy ERPs, which lack support for managing multiple entities, statutory books, and complex intercompany activity.
No native support for ASC 606
Finance teams rely on offline tools and custom workarounds to meet evolving revenue standards, creating inconsistencies and manual overhead.
Disjointed revenue schedules
Schedules are built outside the system in spreadsheets or bespoke tools, increasing risk of error when performance obligations or invoicing terms change.
Cumbersome contract modifications
Upgrades, renewals, or usage changes require manual schedule updates, leading to restatement risk and extra reconciliation work.
Limited visibility and audit traceability
Revenue data is fragmented across spreadsheets and offline notes, making it difficult to validate timing, allocations, or the source of truth during audits.
No native support for ASC 606
Finance teams rely on offline tools and custom workarounds to meet evolving revenue standards, creating inconsistencies and manual overhead.
Disjointed revenue schedules
Schedules are built outside the system in spreadsheets or bespoke tools, increasing risk of error when performance obligations or invoicing terms change.
Cumbersome contract modifications
Upgrades, renewals, or usage changes require manual schedule updates, leading to restatement risk and extra reconciliation work.
Limited visibility and audit traceability
Revenue data is fragmented across spreadsheets and offline notes, making it difficult to validate timing, allocations, or the source of truth during audits.
The
Everest
Solution
Everest eliminates spreadsheet-heavy revenue processes and replaces them with system-driven accuracy. Revenue schedules are automatically generated based on performance obligations, and contract modifications update in real time, so finance teams can stay compliant, audit-ready, and close faster.
Automated revenue schedules based on mapped obligations
Everest maps product configurations to performance obligations and generates revenue schedules in line with ASC 606 policies—no manual setup or rework required.
Contract creation from sales orders
Automatically generate revenue contracts from mapped sales order data.
Line-level obligation mapping
Assign each item to a performance obligation using configurable rules.
No manual schedule creation
Eliminate spreadsheets by generating recognition plans automatically.
Support for bundled arrangements
Handle multi-element contracts without custom development.
Consistent policy application
Apply recognition rules uniformly across obligations and entities.
Support for over-time
and point-in-time
recognition
Revenue is recognized accurately using either over-time or point-in-time methods, with support for time-based, milestone-based, and consumption-based models.
Flexible recognition timing
Configure timing by performance obligation type.
Multiple models, one system
Support time-based, milestone, and consumption recognition in a single platform.
Recognition aligned to delivery
Tie revenue recognition to usage, delivery dates, or project progress.
Accurate revenue timing
Ensure alignment between actual service delivery and revenue recognition.
No parallel tools required
Eliminate the need for secondary systems to manage complex timing.
Built-in handling of contract modifications
Renewals, upgrades, and term adjustments automatically update schedules and allocations, eliminating the need to rebuild revenue contracts manually.
Automated revenue reallocation
Adjust allocations automatically when contracts change.
Update schedules without restatement
Modify obligations without recreating entire contracts.
Seamless expansion or downgrade handling
Support mid-term changes like terminations or upgrades.
Preserve recognition history
Maintain legacy treatment while applying new logic to changes.
Reduce audit exposure
Apply consistent, rule-based treatment to all contract modifications.
Real-time revenue waterfalls for visibility and forecasting
System-generated reports break down revenue timing by product, customer, and performance obligation, providing full transparency for audits and internal review.
Deferred revenue transparency
Visualize deferred and future revenue over time.
Segmented revenue views
Break down recognition by product, customer, region, or obligation.
Drill-down for audit support
Provide auditors with direct access to detailed recognition schedules.
Up-to-date forecasting tools
Equip finance teams with real-time insights for more accurate planning.
Business Benefits
Accelerate revenue and
strengthen cash flow
Everest turns order-to-cash into a strategic advantage, enabling faster invoicing, more predictable cash flow, and real-time SaaS metrics tracking.
Scalable compliance without extra tools
Built-in deferred revenue tracking, contract modifications, and schedule generation eliminate the need for external systems or manual rework as the business grows.
Stronger forecast precision
Always-current revenue waterfalls provide finance leaders with the visibility to plan confidently and respond faster to change, no spreadsheet modeling required
Standardization across the business
Recognition policies apply consistently across products, customers, and entities, improving data integrity and simplifying global reporting.
Reliable, audit-ready outputs
Every revenue allocation is system-generated and fully traceable, giving auditors a clear line of sight into recognition timing, policy compliance, and contract-level detail.
Faster, cleaner revenue close
Automated updates to revenue schedules during contract changes reduce manual adjustments, shorten review cycles, and keep close on track, even as complexity grows.
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